Engagedly

15 statements across 1 episodes · 7 bullish · 0 bearish · 1 people on the record · first statement Feb 26, 2021 by Sri Chellappa · said 10 times in 1 episodes since 2021 · across every show →

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Everything said about Engagedly, oldest first

Feb 26, 2021 neutral
Assertion Not checkable as stated
Engagedly pays roughly $6k to $8k CAC per deal
“About six, six to 8000 per, per deal.”
Sri Chellappa Feb 26, 2021 ▶ 14:49 Bootstrapped Employee Performance SaaS hits $3.6m ARR, Up from $2.4m, Valued at $40m
Feb 26, 2021 bullish
Opinion
Chellappa estimates Engagedly's valuation between $30M and $50M
“I mean, I would suspect today it's probably in the 30, 50 range, depending on who's buying it.”
Sri Chellappa Feb 26, 2021 ▶ 13:08 Bootstrapped Employee Performance SaaS hits $3.6m ARR, Up from $2.4m, Valued at $40m
Feb 26, 2021 positive
Assertion Not checkable as stated
Engagedly generates $3.6M in ARR
“No, no, I'm sorry, ARR. ARR, 3.6.”
Sri Chellappa Feb 26, 2021 ▶ 9:16 Bootstrapped Employee Performance SaaS hits $3.6m ARR, Up from $2.4m, Valued at $40m
Feb 26, 2021 positive
Assertion Not checkable as stated
Engagedly incremental ACV reaches $11,000 to $12,000 per client
“And right now our ACV on an incremental basis or a critical basis is roughly around, you know, 11, 12,000 per client.”
Sri Chellappa Feb 26, 2021 ▶ 8:41 Bootstrapped Employee Performance SaaS hits $3.6m ARR, Up from $2.4m, Valued at $40m
Feb 26, 2021 neutral
Disclosure
Engagedly founders self-funded the business with $3 million
“We put in, between me and my partners, we put in to date about three million.”
Sri Chellappa Feb 26, 2021 ▶ 12:35 Bootstrapped Employee Performance SaaS hits $3.6m ARR, Up from $2.4m, Valued at $40m
Feb 26, 2021 positive
Disclosure
Engagedly averages two-year contracts with a one-year minimum
“So our contracts are typically two to three year contracts. We don't do a month to one contracts at all. One year, minimum one year, our average contract size is two years.”
Sri Chellappa Feb 26, 2021 ▶ 6:28 Bootstrapped Employee Performance SaaS hits $3.6m ARR, Up from $2.4m, Valued at $40m
Feb 26, 2021 positive
Assertion Not checkable as stated
Engagedly serves over 400 customers
“We have a little over 400.”
Sri Chellappa Feb 26, 2021 ▶ 8:18 Bootstrapped Employee Performance SaaS hits $3.6m ARR, Up from $2.4m, Valued at $40m
Feb 26, 2021
Disclosure
Chellappa: Engagedly charges $5 to $7 per seat monthly
“Well, it's per seat basis, right? So every employee is a seat essentially. So it's usually anywhere from You know, five dollars a seat to seven dollars a seat per month. Subscriptions are typically annual.”
Sri Chellappa Feb 26, 2021 ▶ 2:52 Bootstrapped Employee Performance SaaS hits $3.6m ARR, Up from $2.4m, Valued at $40m
Feb 26, 2021 neutral
Assertion Not checkable as stated
Engagedly recorded net revenue retention slightly above 90% over 12 months
“I think we ended up with a net revenue retention of a little over 90%.”
Sri Chellappa Feb 26, 2021 ▶ 13:42 Bootstrapped Employee Performance SaaS hits $3.6m ARR, Up from $2.4m, Valued at $40m
Feb 26, 2021 neutral
Disclosure
Chellappa: Engagedly charges up to $5,000 for implementation as a loss leader
“It can go anywhere from 203 hundred dollars to 5000 dollars. But it's usually like a loss leader. We don't really make a lot of money in it, you know.”
Sri Chellappa Feb 26, 2021 ▶ 11:30 Bootstrapped Employee Performance SaaS hits $3.6m ARR, Up from $2.4m, Valued at $40m
Feb 26, 2021 neutral
Disclosure
Engagedly operates on a 2.5:1 sales quota-to-OTE ratio
“No, we are a lot lower than that. So we don't do a five, five to one. We do more, more like two and a half, three to one.”
Sri Chellappa Feb 26, 2021 ▶ 6:15 Bootstrapped Employee Performance SaaS hits $3.6m ARR, Up from $2.4m, Valued at $40m
Feb 26, 2021
Assertion Not checkable as stated
Engagedly CAC payback period is typically six to nine months
“Our payback period is typically within six to nine months to get a new customer.”
Sri Chellappa Feb 26, 2021 ▶ 4:48 Bootstrapped Employee Performance SaaS hits $3.6m ARR, Up from $2.4m, Valued at $40m
Feb 26, 2021 bullish
Prediction Not checkable as stated
Chellappa: Engagedly will achieve EBITDA profitability in Q3 or Q4
“You know, we are not a bit that positive yet, but we will be in the Q three, Q four timeframe.”
Sri Chellappa Feb 26, 2021 ▶ 12:20 Bootstrapped Employee Performance SaaS hits $3.6m ARR, Up from $2.4m, Valued at $40m
Feb 26, 2021 positive
Assertion Not checkable as stated
Engagedly grew from $2.4M ARR over the prior year
“A year ago we were at 2.4.”
Sri Chellappa Feb 26, 2021 ▶ 11:50 Bootstrapped Employee Performance SaaS hits $3.6m ARR, Up from $2.4m, Valued at $40m
Feb 26, 2021
Disclosure
Chellappa: Engagedly client size ranges from 80 to 20,000 seats
“We have clients that are 20,000 seats, you know, and we have clients that are 80. So the average is probably somewhere around four or 500 employee organizations roughly.”
Sri Chellappa Feb 26, 2021 ▶ 3:16 Bootstrapped Employee Performance SaaS hits $3.6m ARR, Up from $2.4m, Valued at $40m
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