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Lalit Bhise

  • Co-Founder and CEO at Bizom
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How Bizom Reached 307 Customers and $4M Raised Helping Multinationals Get Distribution in India (Interview with Lalit Bhise)

Lalit Bhise (Co-Founder and CEO of Bizom) spoke to Nathan Latka on July 18, 2018.

Bizom figures from the interview

Customers (2018)
307
Avg Revenue per Customer (2018)
$2,000/month
Gross Logo Churn (2018)
1.3%
Total Funding Raised
$4M
Gross Margin (2018)
88%
“An average customer for me pays me about $2,000 a month.”
“It's a pure play SaaS model. So it's a pay per use per month and paid in annual or quarterly cycles.”
“Actually, the right number is somewhere around three zero seven. So yeah, about three zero seven odd customers.”

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Bio

Lalit is a mobility veteran and invented hybrid mobile programming. He has a patent in visual merchandising using image recognition. He has built more than 150 products over 17 years and knows the FMCG/CPG industry in and out by working with market leaders for 5 years. Lalit is, quite simply put, the heart of Mobisy. "Billion Dollar Bhise", as he is fondly called, is the epitome of hustle! A rare combination of geek and salesman!

Company

Bizom

Bengaluru, India · Founded 2008

Revenue
$56.9M
Funding
$4M
Team size
517
Customers
307

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Also at Bizom