A SaaSBOOMi Initiative
COVID-19 has brought the global economy to a standstill to an extent which even the Great Depression did not. The resulting impact on businesses particularly in terms of cash flows from customers and venture funding is significant.
As a community, we are stepping forward to support, mentor, and guide SaaS startups through these challenging times. Access to working capital is a key element of this support and we have come together to offer just that to the startups at SaaSBOOMi that need it the most.
Our Plan
We’re looking at augmenting your existing cash on books and Accounts Receivables with a working capital loan that can help you extend your runway to up to 12 months. This will be a debt fund which will help you survive this trying period and march towards sustainable growth .
This will be structured as revenue financing, where you’ll repay the borrowed funds out of your revenue, on a monthly basis. we are partnering with Financial Partners who will offer you standard terms and fast turnaround (approx 10 days).
Beyond this financing, the SaaSBOOMi team will further help you optimise your business and bring efficiency in Capital Management.
Who Can Apply?
Some of the parameters that we’ll be looking at are:
- Minimum 24 months in operation, with 12 months of recurring revenue proof and at least 6 months of revenue stability
- No services revenue contribution to this MRR
- Minimum ARR – $250K
The Application Process
Application Process
Step 1
Once you submit the form mentioned below, the SaaSBOOMi team will review your application and get back to you if you qualify.
Step 2
We will then connect you with the financial partners, who might require a few more details from your side. This will be a non-dilutive financing.
Step 3
Once you have furnished all the necessary information, expect a quick turnaround from our partners.
Applications are closed
Financial Partners
The SaaSBOOMi Team
The SaaSBOOMi Team
Pallav
Nadhani
Founder & CEO
Ex-FusionCharts
Manav
Garg
Co-Founder & CEO
Eka Software
Vinod
Muthukrishnan
Chief Growth Officer
Cisco
Avinash
Raghava
Community Platform Evangelist
Accel
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Recurring Report
(MRR)
To read stunning SaaS stories, to stay up-to-date with your Indian SaaS ecosystem, and to learn from the best of the best SaaS minds!
We are a community of founders and product builders shaping India’s SaaS industry. Our mission is to help SaaS founders learn from each others’ journeys across different life stages of their companies -from ARR of $0 to $100 million and beyond.
