The Ledger, every show

“There are dealerships that save anywhere between 15,000 to, you know, 65,000 dollars a month by moving to our platform, ok?”

“I told this to Elon as well. And I said, I told him when I met him, he said Jay, what about, you know, potentially he was kind of indicating, can you kind of come back? But when I told him it is a bit boring for me. I said, I did what you wanted me to deliver.…”

“My team developed literally in like, you know, somewhere around like six weeks, six to eight weeks. So they developed the product from the platform no other DMS had. From the platform you can sell car remotely.”

“Not even one succeeded. Not even one. Every single company kind of didn't, they kind of shut it down or didn't do.”

“The good thing is my seed investors today are at 400 X, which is good, right? They're all happy investors and still early stages.”

“From a growth point of view, I see us growing from year over year in twenty-twenty-one at least 200% or more.”

“The first mission impossible for me was building an ERP in three months. And I took, you know, I've known in my past life and Oracle and others, ERP implementation took, even at VMware, took a year to two years. It's a massive project with hundreds of millions…”

“Automotive is a big ecosystem. Second largest consumer industry in the world. From our, from a US GDP, it's almost four percent of US GDP.”

“The reason we had to have such a big team, right, close to 3000 people is because amount of things we had to build.”

“Data information behind, I wouldn't say a firewall, but behind an ERP. Is not available for OpenAI or Cloud or anyone to go crawl and get information. It's not. And it's also quite contextual.”

“Because we had like probably 25 different groups who are invested.”

“We didn't build the entire thing. Reality is in the four months we built the basic necessary version. It was definitely very scrappy. It was buggy, but made it work. And then from there we kept building”

“They spent like hundreds of millions of dollars. It was a massive project. They had a failed project before, and after that I joined the second time to lead, to turn around the second time the same project was re-initiated and they named it as Project Phoenix.”

“Automotive is four percent of US GDP. US GDP is 21 trillion dollars, and four percent is eight hundred and fifty billion dollars just in vehicle transactions, vehicle sales. And if you consider the entire ecosystem of automotive, it is almost a trillion dollar…”

“Series you know A was to be raised, ten million at around forty-eight million dollars post value.”

“So Series B, let me think was 20 yeah, 22, yeah, I think it's twenty two million, if I'm right. We raised twenty two million Series B at 90 I think it was ninety-eight million posts in terms of valuation.”

“Until then the revenue was small but in 20, 20, it immediately jumped to almost it started going towards, and then now we are more in double digit ARR.”

“The transaction volume already on our platform crossed three hundred and fifty million dollars and continuing to rapidly grow.”

“In this industry, if you think about, if you take a dealer, when you walk into a dealer in the US, even if you have done all your homework and know exactly which car you're going to buy, they will make you sit anywhere between four to six to eight hours in the…”

“Today, in dealerships in the US, they run 40, 50 different applications. They pay crazy amount of money. Some dealerships pay almost 100,000 dollars a month in software cost. Per, per dealership.”

“Still, I had to take a pay cut purely in a salary and bonus, because VMware had been a really solid salary and great bonus. And that really stopped almost 100,000 dollars just purely from salary cut perspective. And then on top of it, I had to leave stocks bec…”