Praneet Chandra
- Co-Founder at Qressy
GetLatka interview
How Qressy Reached 260 Customers and $30,000 Monthly GMV with a Bootstrapped Web3 Commerce Platform (Interview with Co-Founder Praneet Chandra)
Praneet Chandra (Co-Founder of Qressy) spoke to Nathan Latka on April 7, 2022.
Qressy figures from the interview
- Customers (April 2022)
- 260
- Monthly GMV (April 2022)
- $30,000
- Monthly Burn (April 2022)
- $5,000
- Team Size (April 2022)
- 9
- Engineers (April 2022)
- 4
“So we have got several top d two c brands in India using us. Somebody like Naario, they are India's first woman led food brand, and they use us to sell through a decentralized network with over 80 plus people, 80 plus sellers across India selling their products.”
“So the monthly cost for unlimited is roughly $400. That's what we sell that. And then starter is free. Right? People come in, look at the network. Okay. I want to do something. And then basic comes somewhere like 200, $250 a month kind of thing.”
“So most of it is, as I said, right, we use Instagram as our channel, right? We send out DMs and really try to figure out, oh, these brands have got good following and everything. They must be selling more, and that's how we qualify them. So it's more of a personal fee as compared to putting on any ads or anything.”
Bio
Praneet has spent 12+ years building and scaling SaaS & Commerce startups, right from 0 to IPO. Intrigued by Web 3.0 and new avenues it can open for commerce, he has plunged into building Web 3.0 based Decentralised Commerce system with Qressy.