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Open Source ERP
Last updated
In 2024, Erpnext's revenue reached $3.9M. The company previously reported $3.3M in 2023. Since its launch in 2008, Erpnext has shown consistent revenue growth.
Erpnext is a bootstrapped ERP Systems startup. Founded in 2008, Erpnext has grown to $3.9M in revenue without raising any venture capital or outside funding.
As a self-funded ERP Systems SaaS company, Erpnext has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|
CEO
Founder and CEO of Frappe Technologies, the publisher of ERPNext, the world's #1 100% Open Source ERP
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Erpnext serves 5K customers.
Erpnext employs approximately 33 people as of 2026, including 1 sales reps that carry a quota. It serves 5K customers that rely on its solutions.
Erpnext generates an estimated $3.9M in annual revenue.
Erpnext was founded by Rushabh Mehta.
The CEO of Erpnext is Rushabh Mehta.
Erpnext is bootstrapped and has not raised outside funding.
Erpnext has 33 employees.
Erpnext is headquartered in Mumbai, Maharashtra, India.
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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2024 Revenue
$3.9M(Est.)
Customers
5K
Funding
$0
Avg ACV
$782
Team
33
Founded
2008
| Year | Milestone | Source |
|---|---|---|
| 2024 | Erpnext Hit $3.9m revenue in October 2024 | Estimated |
| 2023 | Erpnext Hit $3.3m revenue in December 2023 | Estimated |
| 2008 | Launched with $0 revenue |
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 33 employees (October 2024) | |
| 2023 | Reached 33 employees (December 2023) | |
| 2022 | Reached 33 employees (December 2022) | |
| 2021 | Reached 31 employees (December 2021) | |
| 2020 | Reached 25 employees (June 2020) | |
| 2019 | Reached 26 employees (December 2019) | |
| 2018 | Reached 27 employees (December 2018) |
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