Aditya Bhamidipaty
- Co-Founder and CEO at FirstHive
GetLatka interview
How FirstHive Reached 29 Enterprise Customers on Less Than $500K Raised (Interview with CEO Aditya Bhamidipaty)
Aditya Bhamidipaty (Co-Founder and CEO of FirstHive) spoke to Nathan Latka on May 21, 2019.
FirstHive figures from the interview
- Paying Customers (2019)
- 29
- Total Funding Raised
- Less than $500,000
- Net Revenue Retention (2019)
- 137%, up to 140%
- Gross Churn (2019)
- Less than 3% per year
- CAC Payback Period (2019)
- 4.5 months
“We are a pure play SaaS company. FirstHive is a product that we launched in 2016. It's about thirty months since we launched and we're very, very excited about what we're doing. It's essentially a customer data platform.”
“We've done a really, really tight ship here, and then we hit cash flow positive within eighteen months of launch of the product.”
“We've seen very, very little churn. We've seen less than 3% churn in the last two years.”
Bio
Aditya Bhamidipaty is the CEO and Co-founder, FirstHive, the company he co-founded with Srikanth Chanduri in 2009. Aditya acquired his engineering bachelors from JNTU and Post Graduate Diploma in Management from IIM-Ahmedabad. He began his career with Proctor and Gamble (P&G) and soon moved into a leadership role where he was responsible for the southern region. He turned around a loss making region into a profitable one in record time and also the highest growth area for P&G. He also worked with iGate in London before moving back to India to set up Emart Solutions.