Nisheeth Pathak
- CEO at WeSoar
GetLatka interviews
How WeSoar Grew SaaS MRR from $1K to $21K in 12 Months with 4 Enterprise Customers (Interview with CEO Nisheeth Pathak)
Nisheeth Pathak (CEO of WeSoar) spoke to Nathan Latka on June 1, 2023.
WeSoar figures from the interview
- Total MRR (June 2023)
- $23,000
- SaaS MRR (June 2023)
- $21,000
- Enterprise Customers (2023)
- 4
- Team Size (2023)
- 7
- Cash in Bank (2023)
- $100,000
“We've gone to about 23,000 in revenue, but the split has changed quite substantially. So last time we spoke, I think we were doing about 1,000 on SaaS and about 14,000 on consulting. We are now about $20 to $21k on SaaS and 2 or 3 ks on consulting.”
“So we are actually moving upscale. A lot of customers that we did refer to in the last kind of meeting about a year ago, we don't work with them anymore because initially when the product was new, had no choice but to work in the SMB space. We no longer work in the SMB space.”
“So what we are now kind of working on is the internal target of at least 100 ks ARR per client.”
How WeSoar Reached About $15K a Month, Mostly From Consulting, with 11 Customers in 2022 (Interview with CEO Nisheeth Pathak)
Nisheeth Pathak (CEO and Co-Founder of WeSoar) spoke to Nathan Latka on May 25, 2022.
WeSoar figures from the interview
- Monthly Revenue incl. Consulting (2022)
- About $15K
- SaaS MRR (2022)
- $1K
- Paying Customers (2022)
- 11
- Total Funding Raised
- $205K
- Monthly Burn (2022)
- $25K
“We are a performance management platform and employee engagement platform. We have 11 paying customers so far.”
“External funding is 205 k. The founders put together contributed 310 k.”
“14 plus one. Let's put it that way. You know, we've done everything a bootstrapped founder has to do in order to keep the lights on.”
Bio
Nisheeth is on a mission to elevate employee experience and bring fulfilment to a billion lives. He is painstakingly and lovingly crafting WeSoar, a next-generation platform that uses Conversational AI to seamlessly integrate HR into the flow of work and create a positive, engaging employee experiences.