Eka Software

“So by that time, we were three and a half, four million dollars and or 30% EBITDA.”

“TCV is very high. TCV sometimes go to even five million. Because contracts are five or seven year contracts payment, one year payment in advance. There's a machine critical software for all this very, very large companies.”

“So we'll write checks, 25 K, 50 K US dollars, and almost every weekend will help in helping one founder or the other. So that saw both our portfolio grew to a hundred. Grisha bought 60 investments. Fashion really scaled like hockey stick, right? Acre still wen…”

“So I actually, my first contract I signed was three 50 K services outsourced to Trigen technologies in Bangalore. Three 50 K contract, a hundred K in cash, two 50 K in equity.”

“All cash deal there.”

“So I should never use a million dollars that was given to me. Okay. So how much did you take it out of? Every 300,000 dollars. And then I was profitable all the time from there on.”

“No, we hit, we actually touched the same peak again, touched thirty million again. Back again in revenue, but very profitable now. So we were able to get back the same thing. So value therefore increased because now we shifted to cloud. We survived first of al…”

“So that time we diluted about 60%. Yes, yes. Wow. Yeah. Because I had, so we discussed simple, that we, let's say, 60, 40 split.”

“2.5 times is the number. Yeah. So 2.5, not only churn, because let's say if I'm selling goods for you for one million dollars, then typical subscription will be, say, 50 K. So not only the churn happen, your revenue top lane starts coming down and profitabilit…”

“And then in 2013, you know, 1314, we touched about thirty four million dollars in revenue. Yeah. And nine million in a bit also. Yeah. We acquired two companies, one in Canada, one in Australia. And that's the point in time. We said, okay, let's get a private …”