The Ledger
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Low-code software requires users to articulately define their business processes
“Because if you can't define business processes articulately, there's no way you can go and build an application on a low code software.”
Orgzit co-founders work part-time external jobs to bootstrap the company
“My brother sort of works as a part-time CTO and I work as a part-time consultant with World Bank.”
Orgzit is actively raising $500,000 to $1,000,000 in seed capital
“We're actually doing a fundraise right now to raise about a half a million to maybe a million dollars to take us to the next level.”
Orgzit expanded an Amazon India division account from $100 to $1,200 monthly
“And it started off as a small POC for about 10 users, and now it's expanded to about 120 users. And we are doing so we started with less than, I think, 500 dollars sorry, we started with less than a hundred dollars a month, approximately. It was just a small P…”
Orgzit grew monthly revenue from under $1,000 to $5,500 since early 2019
“So in 2019, we did that in January 2019, and at that time, our total revenue was less than a thousand dollars. Now it's about, like, 5500 dollars a month.”
Orgzit lost $1,000 to $1,500 in MRR to churn over two years
“So I mean, in terms of MRR, not in ARR, about 1015 hundred dollars in revenue churn that, I mean, that is what we have lost in the last two years.”
Orgzit acquires $250-a-month customers for $1,000 to $1,250 without paid marketing
“It's anywhere about a thousand dollars to about 12 50 dollars, including so we don't do any paid marketing right now. So primarily the cost of customer acquisition is through lead gen.”
Orgzit burns zero capital and funds all salaries from company revenue
“We don't burn anything right now. So all our salaries, so that's the benefit of being in India. So all the salaries that we're paying right now are taken care of by the revenue that we are making.”
Orgzit customers rarely churn if they remain past the first three months
“Because one of the things I forgot to mention is like the first three months is the most crucial. If a customer stays with us for three months, then we have seen that there is a very little chance of them to churn after three months.”