Seymur Rasulov
- CEO at Whelp
GetLatka interview
How Whelp Hit $59K MRR Across 16 Countries with On-Premise AI Customer Support (Interview with CEO Seymur Rasulov)
Seymur Rasulov (CEO of Whelp) spoke to Nathan Latka on September 16, 2021.
Whelp figures from the interview
- MRR (Sep 2021)
- $59K
- Prior Funding Valuation
- $3,000,000
- Total Funding Raised (2021)
- $500,000
- Team Size (2021)
- 32
- Gross Churn (cumulative, 2 years through 2021)
- 4%
“We use artificial intelligence and machine learning specifically to provide customer support across 100 languages so that we want to close the gap between the countries and the language. Even if you are a small and medium business based in Siberia or in South Korea, Now you can actually, using our solutions, you can sell to English speaking or vice versa.”
“So currently, we're this month, actually, we hit the $59,000 monthly recurring revenue. This is the second month this is repeating.”
“Setup fee, one time fee is about $45,000, and then on a monthly basis, they pay about $2,500 to $4,500 on a monthly basis to support and maintain. Then we also build new integrations for them on a monthly basis and that helps us to have this lump sum stream of revenue and then continuously supporting these customers.”
Bio
UIUC Graduate, one previous exit in Baku, Azerbaijan where I am originally from. Bootstrapped company for 6 months, pivoted in 2021 and tripled the MRR. Techstars alumni as well as 500 Startups.