Construction Software
Jugl is a B2B employee and client success management platform founded in 2020 and headquartered with operations across India, Central America, and Southeast Asia. The company targets non-tech business owners in Asia, the Middle East, and Central America who rely on consumer messaging tools such as WhatsApp and Telegram to manage their workforces. Jugl replaces those tools with a purpose-built workspace for task assignment, employee communication, and productivity tracking.
As of July 2023, Jugl reported $100,000 in monthly recurring revenue, up from effectively zero a year earlier, across 400 paying customer organizations. The company closed the first tranche of a $3,000,000 seed round, receiving $2,300,000 in wires at a $15,000,000 post-money valuation, implying a 15x revenue multiple on annualized revenue of roughly $1,200,000.
Founder Arun Kumar, who also runs CapDigisoft, a 400-person technology services firm operating in four countries, bootstrapped Jugl with $250,000 of personal and co-founder capital before investing approximately $800,000 in total prior to landing the first paying customer. Jugl is the fifth product venture Kumar has pursued through a disciplined annual exploration budget of $250,000 at CapDigisoft.
