Harshal Khatri

Co-Founder and CEO, ProfitBooks · 1 appearance on the record.

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founderexecutive@harshalkatre ↗LinkedIn ↗harshalkatre.com ↗

Harshal Katre co-founded ProfitBooks in 2012, building a cloud-based accounting and invoicing platform for small and medium-sized businesses. Before launching ProfitBooks and other SaaS projects, he spent over nine years delivering banking software at HSBC and Barclays.

15statements → 10claims → 0claims resolved → 3.93/5average certainty → 1.2/5average debate potential →

1 not yet assessed 9 not checkable as stated how the 10 claims stand · each chip opens the sources

10 assertions · 1 opinion · 4 disclosures · every statement was checked. The predictions and assertions are the 10 claims: statements the public record can support or contradict. 0 are resolved, 1 is not yet assessed, and 9 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Harshal argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Harshal Khatri on measured tape to publish a rate. This says nothing about how they speak.

Everything Harshal Khatri said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Opinion
Touchless software buying does not happen in India
“Because in India, ah, the touchless, ah, buying doesn't happen. Okay. So we have to, you know interact with the customer directly.”
Harshal Khatri Aug 6, 2020 ▶ 8:46 ProfitBooks Hit $1m Revenue 2019, COVID Keeps Them Flat This Year
Assertion Not checkable as stated
ProfitBooks surpasses 75,000 registered company accounts
“Right now we have just crossed 75,000 customers.”
Harshal Khatri Aug 6, 2020 ▶ 6:25 ProfitBooks Hit $1m Revenue 2019, COVID Keeps Them Flat This Year
Assertion Not checkable as stated
ProfitBooks converts 5% to 7% of free users to paid plans
“It's around I have seen the it's around five, five to seven percent.”
Harshal Khatri Aug 6, 2020 ▶ 7:06 ProfitBooks Hit $1m Revenue 2019, COVID Keeps Them Flat This Year
Disclosure
ProfitBooks is totally bootstrapped
“We are totally bootstrapped.”
Harshal Khatri Aug 6, 2020 ▶ 9:32 ProfitBooks Hit $1m Revenue 2019, COVID Keeps Them Flat This Year
Disclosure
ProfitBooks salespeople do not carry sales quotas
“No, no, they don't have quota, but they're more like heads of BD.”
Harshal Khatri Aug 6, 2020 ▶ 10:47 ProfitBooks Hit $1m Revenue 2019, COVID Keeps Them Flat This Year
Assertion Not checkable as stated
ProfitBooks is 100% inbound with zero paid ad spend
“So it's a hundred percent inbound right now. We don't spend anything on paid ads.”
Harshal Khatri Aug 6, 2020 ▶ 11:30 ProfitBooks Hit $1m Revenue 2019, COVID Keeps Them Flat This Year
Assertion Not publicly verifiable
ProfitBooks ranks on Google's first page for 50 to 60 keywords
“So we rank almost for, you know 50 to 60 keywords for number one on Google on first page.”
Harshal Khatri Aug 6, 2020 ▶ 14:24 ProfitBooks Hit $1m Revenue 2019, COVID Keeps Them Flat This Year
Assertion Not checkable as stated
ProfitBooks generates 3,000 to 3,500 new signups monthly
“In a month, typically we get around 3000 to 3500 new signups.”
Harshal Khatri Aug 6, 2020 ▶ 15:22 ProfitBooks Hit $1m Revenue 2019, COVID Keeps Them Flat This Year
Assertion Not checkable as stated
ProfitBooks adds 250 to 300 paid customers monthly
“So paid I would say around it closes around two 50 to 300.”
Harshal Khatri Aug 6, 2020 ▶ 16:07 ProfitBooks Hit $1m Revenue 2019, COVID Keeps Them Flat This Year
Assertion Not checkable as stated
ProfitBooks has 15 to 17 white-label accounting firm clients
“15 to 17 accounting firms that are using it right now.”
Harshal Khatri Aug 6, 2020 ▶ 17:40 ProfitBooks Hit $1m Revenue 2019, COVID Keeps Them Flat This Year
Assertion Not checkable as stated
ProfitBooks passed $1 million run rate in 2019
“Actually we passed it last year itself.”
Harshal Khatri Aug 6, 2020 ▶ 18:20 ProfitBooks Hit $1m Revenue 2019, COVID Keeps Them Flat This Year
Assertion Not checkable as stated
ProfitBooks is totally profitable
“No, no, we are totally profitable.”
Harshal Khatri Aug 6, 2020 ▶ 18:54 ProfitBooks Hit $1m Revenue 2019, COVID Keeps Them Flat This Year
Assertion Not checkable as stated
Indian accounting software in 2012 targeted accountants, not businesses
“Earlier when back in year, it wasn't well in India, products are mostly built for chartered accountants, right? So they're very complex in nature.”
Harshal Khatri Aug 6, 2020 ▶ 3:28 ProfitBooks Hit $1m Revenue 2019, COVID Keeps Them Flat This Year
Disclosure
ProfitBooks charges small business customers roughly $100 annually
“Indian rupees is 6000 to 8000 rupees per year. So that's roughly a hundred dollars per year.”
Harshal Khatri Aug 6, 2020 ▶ 5:07 ProfitBooks Hit $1m Revenue 2019, COVID Keeps Them Flat This Year
Disclosure
ProfitBooks reserves customer support exclusively for paid users
“In free plan, we don't offer support. So the support is reserved for the paid users.”
Harshal Khatri Aug 6, 2020 ▶ 9:19 ProfitBooks Hit $1m Revenue 2019, COVID Keeps Them Flat This Year

Appearances (1)

EpisodeDateSpeaking time
ProfitBooks Hit $1m Revenue 2019, COVID Keeps Them Flat This Year Aug 6, 2020 10m
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