Rawat: Zinrelo is sustaining close to 50% year-over-year revenue growth
Jay Rawat · 1154 How we hit net churn of -5% in Loyalty Program space · Sep 21, 2018 · at 8:47
Jay Rawat is the CEO of loyalty platform Zinrelo, discussing the company's financial growth with podcast host Nathan Latka.
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“Closer to 50% right now.”
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More from Jay Rawat
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“And then we have an enterprise plan, which has more features and it comes with more support. There the average monthly price is about 2000 dollars.”
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“So I cannot share the exact percentages of the customers in each bucket but in terms of the total number of customers, we have over 500 customers right now.”
Rawat: B2C businesses are binary with no middle ground
“You know, B to C businesses are binary, right? I mean, either you make it or You know, you don't. There's nothing in between.”
Rawat: Zinrelo raised only $2 million and is profitable
“Yeah, we only raised two million dollars so far, and we are profitable.”
Rawat: Zinrelo achieved net negative churn via tiered user pricing
“So we have achieved net negative churn, which is great because the way the pricing is structured, as I said it's a land and expand kind of model where we can get in at a lower price, but then as the business grows, as more users sign up for the loyalty program…”