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Anup Naik

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How Zeliot Connected Services Reached Just Under $1M ARR with 100 Enterprise Customers in 2022 (Interview with CEO Anup Naik)

Anup Naik (Co-Founder and CEO of Zeliot Connected Services Pvt Ltd) spoke to Nathan Latka on April 5, 2022.

Zeliot Connected Services Pvt Ltd figures from the interview

Annual Revenue (fiscal year ending March 2022)
Just under $1M
Vehicles on Platform (2022)
100,000
Enterprise Customers (2022)
100
Valuation (2022)
$4.5M
Year-over-Year Growth (2022)
100%
“So Nathan, as I mean, you already read out, connected mobility platform is something which vehicles use, right? It could be any kind of vehicles. It could be a car or a bus or a truck or a two wheeler, whatever it is, right? So the typical OEMs who pay for us are the ones who manufacture this.”
“Typical SaaS costing is somewhere around a dollar or so, but you can't really hold on to that.”
“Absolutely. The subscription starts the day the vehicle goes to the customer. Right? And they pay for the life of the vehicle.”

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Bio

I along Sudeep Nayak & Sugam Sharma co founded Zeliot in April 2018. I come with experience of working with a Founder very closely in my previous stint at an IoT startup called Kooki. I have being fairly successful in embedding my philosophy of running a startup with the hybrid thought process, i.e. bring in revenue from customers by delivering value from day 1 and also look to raise money from a good investor but the money raised should be mainly used in bringing out a innovative product.

Company

Zeliot Connected Services Pvt Ltd

Bengaluru, India · Founded 2018

Revenue
$3.9M
Funding
$500K
Team size
101
Customers
100

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