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FleetDrive 360

9 statements across 1 episodes · 3 bullish · 1 bearish · 1 people on the record · first statement Jan 31, 2023 by Am Karam Chandani · said 6 times in 1 episodes since 2023 · across every show →

Mentions by year

brought up most by Nathan Latka (6)

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2023 6 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about FleetDrive 360, oldest first

Jan 31, 2023 bullish
Prediction Not checkable as stated
Karamchandani: FleetDrive 360 targets $3M in 2023 revenue
“20, 23. We are targeting actually three million with all these big customers like enterprise customers.”
Am Karam Chandani Jan 31, 2023 ▶ 12:38 Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS
Jan 31, 2023 neutral
Assertion Supported
Karamchandani: Target US market has nearly 4 million commercial drivers
“There are almost four million drivers on the road. That, you know, this is a term that we are targeting.”
Am Karam Chandani Jan 31, 2023 ▶ 4:44 Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS
Jan 31, 2023 positive
Assertion Not checkable as stated
Karamchandani: FleetDrive 360 has approximately 700 paying customers
“So we have 670 or about 700 paying customers.”
Am Karam Chandani Jan 31, 2023 ▶ 4:18 Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS
Jan 31, 2023
Assertion Not checkable as stated
Karamchandani: FleetDrive 360 generates $500 to $600 per customer
“So average sales to customer today is about 500 to 600. And out of which, 300 is recurring, which will go towards a recurring, and the rest is one time.”
Am Karam Chandani Jan 31, 2023 ▶ 12:14 Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS
Jan 31, 2023
Assertion Not checkable as stated
Karamchandani: FleetDrive 360 finished 2022 at $700K-$800K revenue
“Twenty-twenty-two, we finished with about 700 to 800.”
Am Karam Chandani Jan 31, 2023 ▶ 13:21 Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS
Jan 31, 2023 positive
Assertion Not checkable as stated
Karamchandani: FleetDrive 360 adds 200 to 300 customers monthly
“So right now we have about 1400 and we actually launched this product last year in August. And since then we have been consistently getting about 200 to 300 customers every, every month.”
Am Karam Chandani Jan 31, 2023 ▶ 3:12 Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS
Jan 31, 2023 negative
Opinion
Karamchandani: Competitors J.J. Keller and Foley Services run manual processes, not platforms
“They have a little bit of platform, but it's more manual. You know, they just manage the processes, but not the platform.”
Am Karam Chandani Jan 31, 2023 ▶ 17:49 Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS
Jan 31, 2023
Assertion Not checkable as stated
Karamchandani: FleetDrive 360 charges $300 per driver per year
“About 300 per year or a month? Per year.”
Am Karam Chandani Jan 31, 2023 ▶ 11:27 Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS
Jan 31, 2023
Disclosure
FleetDrive 360 raised $250k debt alongside $250k equity at $6.5M valuation
“We did do the debt financing and you know, we raised 250 K debt and then also two 50 K initially, you know, at 6.5 million valuation.”
Am Karam Chandani Jan 31, 2023 ▶ 13:37 Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS
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