Bizom

14 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Feb 15, 2019 by Lalit Bhise · said 20 times in 1 episodes since 2019 · across every show →

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brought up most by Nathan Latka (18), Lalit Bhise (2)

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Everything said about Bizom, oldest first

Feb 15, 2019
Assertion Not checkable as stated
Bhise: Bizom's average annual gross logo churn is around 1.3%
“On average over a year, it's somewhere around 1.3% or something. Okay. I'm talking about logo churn.”
Lalit Bhise Feb 15, 2019 ▶ 10:10 1301 He Helps Pepsi Get Distribution in India, $7m+ in ARR, 100% yoy Growth
Feb 15, 2019
Assertion Not checkable as stated
Bhise: Bizom generated around $350,000 monthly revenue one year prior
“We were doing somewhere around 350 K a month.”
Lalit Bhise Feb 15, 2019 ▶ 9:03 1301 He Helps Pepsi Get Distribution in India, $7m+ in ARR, 100% yoy Growth
Feb 15, 2019
Disclosure
Bizom's first customer funded MVP development with a $10,000 prepay
“The first check was about 10,000 dollars.”
Lalit Bhise Feb 15, 2019 ▶ 7:57 1301 He Helps Pepsi Get Distribution in India, $7m+ in ARR, 100% yoy Growth
Feb 15, 2019
Assertion Not checkable as stated
Bhise: Bizom works with around 307 customers
“We've worked with about some, you mentioned 250 plus actually the right number is somewhere around 307. So yeah, about 307 odd customers.”
Lalit Bhise Feb 15, 2019 ▶ 8:13 1301 He Helps Pepsi Get Distribution in India, $7m+ in ARR, 100% yoy Growth
Feb 15, 2019 neutral
Disclosure
Bizom's sales team has 30 account farmers and only 5 hunters
“We have a larger farming team, about 30 people, a very small hunting team, about five, six people.”
Lalit Bhise Feb 15, 2019 ▶ 13:54 1301 He Helps Pepsi Get Distribution in India, $7m+ in ARR, 100% yoy Growth
Feb 15, 2019 neutral
Disclosure
Bizom has raised a total of about $4 million
“Totally we have raised about four million. Including the round in May, that is.”
Lalit Bhise Feb 15, 2019 ▶ 14:56 1301 He Helps Pepsi Get Distribution in India, $7m+ in ARR, 100% yoy Growth
Feb 15, 2019
Assertion Not checkable as stated
Bhise: Bizom grew MRR at 7% to 8% monthly for three years
“MRR has been growing at somewhere around eight, seven, eight percent month on month for last three years.”
Lalit Bhise Feb 15, 2019 ▶ 8:48 1301 He Helps Pepsi Get Distribution in India, $7m+ in ARR, 100% yoy Growth
Feb 15, 2019
Disclosure
PepsiCo uses Bizom for its 10,000 sales reps in India
“PepsiCo is, for example, one of the companies that we work with in India. So PepsiCo has in India, I don't know, 10 thousand-odd feet-on-street sales executives who go in the market, talk to these mom-and-pop retail shops, generate demand for Pepsi products”
Lalit Bhise Feb 15, 2019 ▶ 4:17 1301 He Helps Pepsi Get Distribution in India, $7m+ in ARR, 100% yoy Growth
Feb 15, 2019 neutral
Disclosure
Bizom CAC payback period ranges from 6 to 12 months
“Our CAC payback period again oscillates between six months to 12 months, which is half a year to about a year. That's a CAC payback period. So last month it was somewhere around 8.6, if I remember correctly, but we crack it month on month, obviously.”
Lalit Bhise Feb 15, 2019 ▶ 12:12 1301 He Helps Pepsi Get Distribution in India, $7m+ in ARR, 100% yoy Growth
Feb 15, 2019 neutral
Disclosure
Bizom was profitable from 2015 to 2017 before a $200k loss
“We turned profitable in 2015. I think till 2017, we were Profitable, I think, last financial year we have, in a very small loss, about 200 K USD.”
Lalit Bhise Feb 15, 2019 ▶ 14:36 1301 He Helps Pepsi Get Distribution in India, $7m+ in ARR, 100% yoy Growth
Feb 15, 2019
Assertion Not checkable as stated
Bhise: Bizom customers pay an average of $2,000 monthly
“An average customer for me pays me about 2000 dollars a month.”
Lalit Bhise Feb 15, 2019 ▶ 3:30 1301 He Helps Pepsi Get Distribution in India, $7m+ in ARR, 100% yoy Growth
Feb 15, 2019
Assertion Not checkable as stated
Bhise: Bizom's gross annual MRR churn is around 0.39%
“The corresponding MRR churn, again, gross MRR churn is somewhere around .39%”
Lalit Bhise Feb 15, 2019 ▶ 10:43 1301 He Helps Pepsi Get Distribution in India, $7m+ in ARR, 100% yoy Growth
Feb 15, 2019 neutral
Disclosure
Bizom operates with an 88% gross margin
“Our gross margin is somewhere around 88%.”
Lalit Bhise Feb 15, 2019 ▶ 13:02 1301 He Helps Pepsi Get Distribution in India, $7m+ in ARR, 100% yoy Growth
Feb 15, 2019 bullish
Prediction Not checkable as stated
Bhise: Bizom expects to return to cash flow positive by July-August 2019
“In the current predictions, we say somewhere around you know, July, August 2019, we will be, we want to be back again.”
Lalit Bhise Feb 15, 2019 ▶ 15:44 1301 He Helps Pepsi Get Distribution in India, $7m+ in ARR, 100% yoy Growth
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