Disclosure certainty 4/5 debate potential 1/5

Vardhan: Circle X spent first two years building physical network

Vishnu Vardhan · How he went $0 to $1m/mo in under 24 months for Waste Management SaaS in India · Jan 9, 2023 · at 4:22

Circle X founder Vishnu Vardhan explains to Nathan Latka why the company established physical waste logistics before introducing digital and Web3 software.

0:00 / 0:21exact quote · 21.7s
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“First thing for the first two years of the company, we spent just building the network because ultimately ways needs to go for recycling to be able to build a circular economy. And I can't build software on top of a network, which is not present. So first two years, we focused on building this network.”

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Disclosure
Vardhan: Circle X uses Web3 for end-to-end waste traceability
“And then on top of that, we plugged in blockchain and web three because it will give us a hundred percent traceability and transparency over the complete journey of the waste.”
Vishnu Vardhan Jan 9, 2023 ▶ 5:15 How he went $0 to $1m/mo in under 24 months for Waste Management SaaS in India
Assertion Not checkable as stated
Vardhan: Circle X Reached $1.01 Million in Monthly Revenue in December
“So we do December we closed at 1.01 million dollars.”
Vishnu Vardhan Jan 9, 2023 ▶ 13:24 How he went $0 to $1m/mo in under 24 months for Waste Management SaaS in India
Assertion Partly supported
Vardhan: Circle X operates as 'Uber for waste' with 45-minute dispatch
“So we are like a Uber for waste. So you can just swipe up and raise a pickup request, and within 30 to 45 minutes, one of our executives will come and pick up your waste and take it for.”
Vishnu Vardhan Jan 9, 2023 ▶ 3:41 How he went $0 to $1m/mo in under 24 months for Waste Management SaaS in India
Disclosure
Vardhan: Circle X charges brands software fees plus service fees
“Yes, they pay for the software. On top of that, they also pay something for the service that they avail.”
Vishnu Vardhan Jan 9, 2023 ▶ 4:00 How he went $0 to $1m/mo in under 24 months for Waste Management SaaS in India
Assertion Not checkable as stated
Vardhan: Over 25,000 users completed a transaction on Circle X
“Over 25,000 of them have done at least one transaction.”
Vishnu Vardhan Jan 9, 2023 ▶ 7:31 How he went $0 to $1m/mo in under 24 months for Waste Management SaaS in India
Assertion Not checkable as stated
Vardhan: Circle X channelized 9,000 metric tons of waste monthly in 2022
“Last year was close to 6000 metric tons per month on a monthly basis. So we channelize a lot of this waste across India. And this year this year we are closing at close to 9000 metric tons on a monthly basis.”
Vishnu Vardhan Jan 9, 2023 ▶ 8:27 How he went $0 to $1m/mo in under 24 months for Waste Management SaaS in India
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