u/Laughing-Buddha-2020

Startup finally turning profitable

I am the founder of a startup and have been building for the past 6 years. Have seen multiple ups and downs. COVID brought a tailwind for our business in 2020-21. Then, all of a sudden, demand completely disappeared, and we were in a zone where we were getting shut down. We pivoted hard to a completely different domain in 2023. Since then, it has also been a struggle because we didn’t know the domain well. 2024-25 was shaping to be a great year, but then one of the biggest channel with 80% volume got shut down. We needed to rebuild our channels again. In the last 6 months, we started making serious progress in both growth and profitability. Now our business is at an ARR of Rs 40 cr, and in June we were profitable for the first time. In this entire journey, we raised and burned about 40 cr. But now it seems that we will be on a different trajectory. Hope there are no more surprises in the journey.

reddit.com
u/Laughing-Buddha-2020 — 5 days ago
▲ 57 r/BusinessHub+1 crossposts

Startup finally turning profitable

I am the founder of a startup and have been building for the past 6 years. Have seen multiple ups and downs. COVID brought a tailwind for our business in 2020-21. Then, all of a sudden, demand completely disappeared, and we were in a zone where we were getting shut down. We pivoted hard to a completely different domain in 2023. Since then, it has also been a struggle because we didn’t know the domain well. 2024-25 was shaping to be a great year, but then one of the biggest channel with 80% volume got shut down. We needed to rebuild our channels again. In the last 6 months, we started making serious progress in both growth and profitability. Now our business is at an ARR of Rs 40 cr, and in June we were profitable for the first time. In this entire journey, we raised and burned about 40 cr. But now it seems that we will be on a different trajectory. Hope there are no more surprises in the journey.

reddit.com
u/Laughing-Buddha-2020 — 5 days ago