People often say experience is of utmost importance and to some extent even essential for being successful. But the founder of inFeedo has been proving such people wrong with his hard work and success. Being just a 21-year-old engineering student he has been able to roll out inFeedo, an HR-Tech in enterprise Saas startup, and has worked hard enough to make it a profitable company.
THE IDEA
Founded in May 2013, inFeedo is a niche enterprise collaboration platform for companies to crowdsource ideas and solve problems. Apart from this you can also form teams across cities and in-house as well using their platform. It was launched in 2013. inFeedo connects every single employee in your company and allows them to share ideas and solve problems, together. (Anonymously, anytime, anywhere). It is those quarterly surveys, suggestion boxes, corridor conversations, unstructured town-halls and half-built unused in-house tools that they wish to replace.
"My mission was to help CEOs grow their companies without losing their culture and make their employees feel heard with an internal feedback platform,” says a determined Tanmaya.
MEET THE MAKER
Tanmaya Jain : He is the 21-year old engineering student. He has been brought up in Gurgaon, where he has been running the profitable B2B SaaS company inFeedo. He took this leap into the startup world 3 years ago while he was very young. He is currently studying computer science at Shiv Nadar University. He runs this company with his college roommate Varun Puri.
STORY SO FAR
With a 53% QoQ growth in paid users, they've now touched 7 figures in annual recurring revenue. inFeedo's revenue streams have been promising because of the compounding effect involved in recurring SaaS subscription models. Although it’s been launched 100% free, commercials kick in only when tangible ROI of 30 ideas is noticed in a pilot that’s not bound by time.
Companies pay us using the standard pay per user per month approach where our pricing ranges from ₹80 to $3 per user per month depending on the country and package chosen on inFeedo’s pricing page.
How inFeedo is Different
Two of the major competitors to inFeedo are Yammer and Slack.
Even though Microsoft’s Billion-Dollar Yammer has been out there for quite some time, it still needs to add some important features here and there. It has been seen to have a lack of continuous and actionable employee feedback, which is a big yet highly specific problem in the market which is still waiting to be solved. While Slack is a superb “internal communication platform" and Yammer is an "enterprise social network", these platforms are getting outdated, and need to keep changing and updating with time. Here is where inFeedo sweeps in.
“If you’re a musician and are making a new album, you don’t go look at all the other albums that are out today and see how you can make yours better relative to that. You have some songs that you wrote and they have some software that they wrote.” says the founder.
Infeedo is an “enterprise employee feedback platform" with only 1 niche focus area. That is to have 1 dedicated platform to help organisations act on "Real time employee feedback and suggestions to continuously improve the work culture.” With anonymity as a USP, it does not involve chat, gossip or social elements and
Anonymity is one thing that sets them apart from the rest and is their USP. Though it does not involve chat, gossip or social elements as of now, it will, in fact, integrate with both Slack/Yammer very soon.
FUNDING MILESTONES
He received seed funding for inFeedo from former Google India Operations Head, Palash Jain (who is also Tanmaya's father).
MILESTONES
inFeedo's revenue streams have been quite promising. This is because of the compounding effect involved in recurring SaaS subscription models. They have seen a 53% QoQ growth in paid users and have now touched 7 figures in annual recurring revenue.Although it’s been launched 100% free, commercials kick in only when tangible ROI of 30 ideas is noticed in a pilot that’s not bound by time.
Companies pay them using the standard pay per user per month approach whereas their pricing ranges from ₹80 to $3 per user per month depending on the country and package chosen on inFeedo’s pricing page.
PLAN OF ACTION
Their 2016 growth plan has a single point agenda. They want to touch 10000+ paid users in the international market, with an integration heavy platform that's almost invisible in terms of its adoption/fitment into the people-oriented companies out there. Their ultimate goal is that, when an idea strikes anybody, anytime, anywhere it should always land up in inFeedo as a habit for it to be channelised effectively.
Being product guys at heart, they're actively (almost desperately) looking to partner with B2B HR companies having a multi-national presence to help them with the same.
THE IDEA
Founded in May 2013, inFeedo is a niche enterprise collaboration platform for companies to crowdsource ideas and solve problems. Apart from this you can also form teams across cities and in-house as well using their platform. It was launched in 2013. inFeedo connects every single employee in your company and allows them to share ideas and solve problems, together. (Anonymously, anytime, anywhere). It is those quarterly surveys, suggestion boxes, corridor conversations, unstructured town-halls and half-built unused in-house tools that they wish to replace.
"My mission was to help CEOs grow their companies without losing their culture and make their employees feel heard with an internal feedback platform,” says a determined Tanmaya.
MEET THE MAKER
Tanmaya Jain : He is the 21-year old engineering student. He has been brought up in Gurgaon, where he has been running the profitable B2B SaaS company inFeedo. He took this leap into the startup world 3 years ago while he was very young. He is currently studying computer science at Shiv Nadar University. He runs this company with his college roommate Varun Puri.
STORY SO FAR
With a 53% QoQ growth in paid users, they've now touched 7 figures in annual recurring revenue. inFeedo's revenue streams have been promising because of the compounding effect involved in recurring SaaS subscription models. Although it’s been launched 100% free, commercials kick in only when tangible ROI of 30 ideas is noticed in a pilot that’s not bound by time.
Companies pay us using the standard pay per user per month approach where our pricing ranges from ₹80 to $3 per user per month depending on the country and package chosen on inFeedo’s pricing page.
How inFeedo is Different
Two of the major competitors to inFeedo are Yammer and Slack.
Even though Microsoft’s Billion-Dollar Yammer has been out there for quite some time, it still needs to add some important features here and there. It has been seen to have a lack of continuous and actionable employee feedback, which is a big yet highly specific problem in the market which is still waiting to be solved. While Slack is a superb “internal communication platform" and Yammer is an "enterprise social network", these platforms are getting outdated, and need to keep changing and updating with time. Here is where inFeedo sweeps in.
“If you’re a musician and are making a new album, you don’t go look at all the other albums that are out today and see how you can make yours better relative to that. You have some songs that you wrote and they have some software that they wrote.” says the founder.
Infeedo is an “enterprise employee feedback platform" with only 1 niche focus area. That is to have 1 dedicated platform to help organisations act on "Real time employee feedback and suggestions to continuously improve the work culture.” With anonymity as a USP, it does not involve chat, gossip or social elements and
Anonymity is one thing that sets them apart from the rest and is their USP. Though it does not involve chat, gossip or social elements as of now, it will, in fact, integrate with both Slack/Yammer very soon.
FUNDING MILESTONES
He received seed funding for inFeedo from former Google India Operations Head, Palash Jain (who is also Tanmaya's father).
MILESTONES
inFeedo's revenue streams have been quite promising. This is because of the compounding effect involved in recurring SaaS subscription models. They have seen a 53% QoQ growth in paid users and have now touched 7 figures in annual recurring revenue.Although it’s been launched 100% free, commercials kick in only when tangible ROI of 30 ideas is noticed in a pilot that’s not bound by time.
Companies pay them using the standard pay per user per month approach whereas their pricing ranges from ₹80 to $3 per user per month depending on the country and package chosen on inFeedo’s pricing page.
PLAN OF ACTION
Their 2016 growth plan has a single point agenda. They want to touch 10000+ paid users in the international market, with an integration heavy platform that's almost invisible in terms of its adoption/fitment into the people-oriented companies out there. Their ultimate goal is that, when an idea strikes anybody, anytime, anywhere it should always land up in inFeedo as a habit for it to be channelised effectively.
Being product guys at heart, they're actively (almost desperately) looking to partner with B2B HR companies having a multi-national presence to help them with the same.
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