The Ledger
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Gaurav Seth owns 100% of WorkforceNext despite having a technical co-founder
“Right now I have a hundred percent of equity.”
WorkforceNext splits all earnings 50/50 with its non-equity technical co-founder
“So yeah, but we have the equal salary model. So whatever we are earning, we are splitting that in equal amount.”
Gaurav Seth: WorkforceNext maintains approximately a 70% profit margin
“Yeah, approximately we have a 70% profit in our total account.”
Gaurav Seth says LG uses the WorkforceNext platform
“LG is using our platform and there are some production.”
Gaurav Seth plans to offer his co-founder equity upon raising funds
“I mean, I have particular plan that as soon as we start raising the fund, I will offer him some equity as well.”
Gaurav Seth: WorkforceNext has lost only one or two customers since launch
“So we have quite low churn rate right now. So since we started we have one or two customer only drop.”
Gaurav Seth: WorkforceNext charges $3 to $4 per user monthly
“So that's a quite nominal charges on the, that's the SaaS platform and we charge only for three to four dollars per user per month in order to use that platform.”
Seth: Average WorkforceNext customer has 90 to 100 employees
“Yeah, every, every customer the average size of company we are handling is people are having 90 to a hundred employees in their organization.”
Seth: WorkforceNext serves approximately 50 company customers
“Right now we have approximate 50 companies.”
Seth: WorkforceNext expects to reach 100 customers this financial year
“So in this financial year, we are expecting to double it down. So approximately we will have a hundred customer in this financial year.”