Chopra: Umwelt.ai has funded its $200k investment entirely from customer revenue
Vishal Chopra · HR Tech Exec Invested $200k into his own HR SaaS, Raising $200k on $3m Valuation Now · Sep 26, 2023 · at 10:29
Vishal Chopra, founder of umwelt.ai, explains the source of the capital used to develop the platform to host Nathan Latka.
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“It is all customer's money. So, so we invested, reinvested, reinvested the customer's money.”
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More from Vishal Chopra
Chopra: Umwelt.ai expects to reach $1M in revenue within one year
“So we are looking at reaching one million dollars within the next one year.”
Chopra: Umwelt.ai is targeting a $200k pre-seed round at a $3M valuation
“So we are targeting 200 K right now. ... At a valuation of three million right now.”
Chopra: umwelt.ai employs only product and tech staff, no sales
“It is all product team. It is all technology team. So we never had any marketing or sales guy.”
Chopra: umwelt.ai charges $0.50 to $1.00 per employee monthly
“So it is .5 to one dollar per employee per month.”