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SaaS Interviews with CEOs, Startups, Founders

1530 How Monday.com Competitor Hit $3m in ARR Using Resellers

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 2 October 2019

⏱️ 14 minutes

🧾️ Download transcript

Summary

Yash did his Mechanical Engineering and then worked as an Investment Banker before founding Gridle. He is a CNBC TV 18 Young Turk, Kairos fellow and MITx bootcamper. Currently, he serves as Co-founder & Chief Executive at Gridle where he looks after Finance, Resource Mgmt & Business Strategy.

Transcript

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0:00.0

Team Productivity Company Gridle launched back in 2014, just past 250 grand per month in revenue.

0:06.4

That's them from 40 grand a month back in a year ago in October of 2017.

0:11.0

They've got about 500 customers paying, call it 500 bucks per month.

0:15.7

They've done that by just raising $1.1 million, so fairly capital efficient.

0:19.1

2.5% revenue per month today, spending about $300 to get a customer,

0:23.9

3.5 month payback period, team of 32 people based in India.

0:27.2

Number one, growth channel, resellers.

0:30.1

Hello, everyone.

0:30.7

My guest today is Yash Shah.

0:32.6

He did his mechanical engineering and then worked as an investment banker

0:35.9

before founding his current company griddle.

0:38.2

He's a CNBC TV 18 Young Turk, Kyrus fellow, an MITX boot camper.

0:42.9

Currently he serves as co-founder and chief executive at Griddle, where he looks after finance,

0:47.0

resource management, and business strategy.

0:49.4

Yasha, you ready to take us to the top?

0:51.4

Yep, absolutely.

0:52.5

All right, break down your background real quick before we talk about Gridal. So what does the CNBC TV 18 Young Turk mean? So CNBC basically runs a program

1:00.7

where it honors 12 entrepreneurs every year who build phenomenal companies or phenomenal startups.

1:08.1

And so the award is called Young Turk. And CNBC is one of the television channels that we

1:12.1

have over here. And so that was the award that we got in 2016, which was CNBC TV8 in Young

1:18.5

Turk. Yeah. Oh, very cool. Okay. What's the company doing? What's your business model? How do you make

1:22.2

money? So company essentially offers a cloud-based solution for teams and enterprises to collaborate and communicate internally.

...

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