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Contify uses a hybrid human-AI model because humans grasp context better
“Technology can do certain things really well, which is processing large amount of data and a human mind can very easily can get the context much easier than an algorithm can do. So we have built in hybrid system, and that's why we call it a curated market inte…”
Mohit Bhakuni bootstrapped Contify with an initial investment of just $1,500
“So we put it 1500 dollar to start the company.”
Contify generates $75,000 in monthly recurring revenue
“It's around 70. It's 75 grand a month we are doing. So I think the mean is is around a thousand dollars, but we are doing 75 grand a month.”
Contify acquires customers through referrals and former users changing jobs
“We have been getting customers, mostly from our references, people who have used them, used us and moved to the next company”
Contify has maintained 95% annual customer retention over eight years
“We have overall is eight years 95% retention of our customers.”
Contify's customers stay for more than four years on average
“We have seen customers for more than four years on average.”
Contify hires graduates in a smaller Indian town to lower labor costs
“So we have two offices. New Delhi is expensive. We have another office, which is in a smaller town in India, and we are getting graduates in, in, in that town.”
Contify's platform customers pay between $300 and $2,000 per month
“Now on average, our platform customers are paying in the range of 300 dollars a month to 2000 dollars a month. So it ranges from that depending upon what all they need to track.”
Contify's API and data feed customers pay $2,000 to $5,000 monthly
“And the data feeds, which are our API customers are paying between 2000 to 5000 dollar a month.”