Assertion Supported AI assessment confidence: 85% certainty 4/5 debate potential 1/5

Mankad: WebExpress has generated positive profit after tax for years

Apoorva Mankad · Raising Now: This SaaS Tracks 5m Truck Shipments Per Month, $1m in ARR across 100 Enterprise Customers · Apr 5, 2022 · at 12:57

Apoorva Mankad, founder and CEO of logistics SaaS WebExpress, discusses the company's financial model and capital efficiency with Nathan Latka.

0:00 / 0:07exact quote · 7.2s

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“So we are a profitable company and we've been able to make a positive profit after tax for many years.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

WebExpress is profitable and has generated positive profit after tax for many years.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Official Ministry of Corporate Affairs (MCA) regulatory filings and statutory records aggregated via Tofler, ZaubaCorp, The Company Check, and Tracxn confirm that WebXpress's legal operating entity, ECFY Consulting Private Limited (CIN: U72200MH2004PTC147427), maintained active filing compliance, positive net worth accretion, and positive operational profitability and net profit across multi-year periods prior to and surrounding the April 2022 statement.

ECFY Consulting Private Limited operates the WebXpress brand and has maintained continuous annual financial filings with the Ministry of Corporate Affairs across FY2016 through FY2023+.
Aggregated statutory filings via Tofler, ZaubaCorp, Tracxn, and The Company Check confirm that the entity maintained positive book net worth and positive net profit/operational profitability across multiple consecutive years leading up to April 2022.

Checked against

[1] zaubacorp.com [2] webxpress.ai [3] tracxn.com [4] indiatimes.com [5] thecompanycheck.com [6] instafinancials.com [7] zaubacorp.com [8] thecompanycheck.com

WebXpress Logistics Apoorva Mankad MCA filings profit after tax "ECFY CONSULTING PRIVATE LIMITED" "FY 2021" OR "FY 2020" OR "FY 2019" OR "FY 2018" OR "FY 2022" "ECFY CONSULTING" "revenue" "profit" "TheCompanyCheck" OR "InstaFinancials" "Apurva Mankad" "ECFY" OR "WebXpress" ZaubaCorp "ECFY CONSULTING PRIVATE LIMITED" "profit" OR "PAT" OR "loss" OR "financials" "ECFY CONSULTING PRIVATE LIMITED" "profit after tax" OR "net profit" OR "PAT" OR "INR" "ECFY CONSULTING PRIVATE LIMITED" Tofler "ECFY CONSULTING PRIVATE LIMITED" InstaFinancials

assessed as of 2026-09-02

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

Apoorva Mankad WebExpress

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Disclosure

Mankad: WebExpress pays employees approximately $1,200 per month

“You are right. That's what we pay approximately. Of course there are people who get paid much higher and people who get even paid lesser than that.”

Apoorva Mankad Apr 5, 2022 ▶ 13:39 Raising Now: This SaaS Tracks 5m Truck Shipments Per Month, $1m in ARR across 100 Enterprise Customers

Insight

Mankad: SaaS selling into India gets lower valuations than US counterparts

“So obviously if you are selling into a rupee market the valuations become lower than you are selling this in a U S market, for example, right?”

Apoorva Mankad Apr 5, 2022 ▶ 16:32 Raising Now: This SaaS Tracks 5m Truck Shipments Per Month, $1m in ARR across 100 Enterprise Customers

Disclosure

Mankad: Average WebExpress customer pays $1,000 per month

“So since we operate in the Indian market, our average customer typically pays us somewhere in the range of around thousand dollars a month. That's a typical page that we get from our customers today. On the higher side, it can go to 5000 dollars a month. On th…”

Apoorva Mankad Apr 5, 2022 ▶ 2:46 Raising Now: This SaaS Tracks 5m Truck Shipments Per Month, $1m in ARR across 100 Enterprise Customers

Assertion Supported

Mankad: Mumbai-Delhi route ranks among top 10 globally by shipment volume

“Okay, so Mumbai, where I'm from, and Delhi, which is India's capital, are the two probably it's one of the most used route in the world in terms of sheer number of shipments you know, and also in sheer number of people who move between them, the planes which f…”

Apoorva Mankad Apr 5, 2022 ▶ 5:01 Raising Now: This SaaS Tracks 5m Truck Shipments Per Month, $1m in ARR across 100 Enterprise Customers

Assertion Contradicted

Mankad: Moving 32-foot freight truck Mumbai to Delhi costs ~$1,500

“So it will typically cost around 1500 dollars. If you're moving a 32 feet size vehicle from Mumbai to Delhi one way that's a typical freight today given current diesel prices.”

Apoorva Mankad Apr 5, 2022 ▶ 5:34 Raising Now: This SaaS Tracks 5m Truck Shipments Per Month, $1m in ARR across 100 Enterprise Customers

Disclosure

Mankad: WebExpress charges enterprise customers roughly 5 rupees per shipment

“So per shipment, they pay us you know, a very, very small amount, typically rupees five which might just turn out to be if I had to convert into dollars probably 0.05 cents.”

Apoorva Mankad Apr 5, 2022 ▶ 7:13 Raising Now: This SaaS Tracks 5m Truck Shipments Per Month, $1m in ARR across 100 Enterprise Customers

Mankad: WebExpress has generated positive profit after tax for years

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