Biju Ashokan
- Founder at Radius Agent
GetLatka interview
How Radius Agent Reached a $2.4M Revenue Run Rate and a $50M Valuation with 200 Agents (Interview with Founder Biju Ashokan)
Biju Ashokan (Founder of Radius Agent) spoke to Nathan Latka on January 26, 2022.
Radius Agent figures from the interview
- Annual Revenue Run Rate (2022)
- $2.4M
- Valuation (Post-Money) (2022)
- $50M
- Paying Agents (2022)
- 200
- Series A Raised (2022)
- $13.1M
- ARPU (2022)
- $12,000
“It's primarily real estate agents and real estate team leads. So the goal of the company is to kind of create an operating system for real estate agents and teams. For lack of a better comparison, it's kind of like a Shopify for real estate agents, right, Where we help agents with everything that they need, both in terms of tech, in terms of services, in terms of benefits, everything. Everything that can make an agent independent or an agent team independent, that's what we provide.”
“Yeah, about $250 a month is the subscription, but more importantly, whenever they close a deal, they pay us a flat fee for the transaction as well.”
“It's a flat fee. It's a thousand dollars per transaction.”
Bio
I graduated from Carnegie Mellon University back in 2008 and have founded 2 startups in proptech. My vision in Real estate is to build a software suite aka a 'Shopify' for real estate agents from across the world to make property buying and selling easier for consumers.
Company
Radius Agent
San Francisco, United States · Founded 2015
- Revenue
- $3.1M
- Funding
- $19.6M
- Team size
- 223
- Customers
- 200