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robosoft
Best of Bootstrapping: Bootstrapped, Raised Money, and Exited from Karnataka, India
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Robosoft Founder Rohith Bhat started a services company in his hometown – a small town on the west coast of Karnataka, India. When we spoke in 2017, fifteen years later, the company was generating $18 million in revenue and had raised two sizable rounds of VC
Best of Bootstrapping: Bootstrapped First, Raised Money Later from Udupi, Karnataka
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Robosoft Founder Rohith Bhat started a services company in his hometown – a small town on the west coast of Karnataka, India. When we spoke in 2017, fifteen years later, the company was generating $18 million in revenue and had raised two sizable rounds of VC
Bootstrap First, Raise Money Later from Udupi, Karnataka: Rohith Bhat’s Exhilarating Journey with Robosoft (Part 6)
Sramana Mitra: Fantastic. That’s your big hit from the product company. You’ve built about $18 million worth of revenue across these three businesses. I believe you have raised some financing. Can you tell me a bit about the financing history about the company? Rohith Bhat: We raised our first round in 2013 from Kalaari Capital.
Bootstrap First, Raise Money Later from Udupi, Karnataka: Rohith Bhat’s Exhilarating Journey with Robosoft (Part 5)
Sramana Mitra: Both of them were structured as subsidiaries of Robosoft? Rohith Bhat: Yes. Sramana Mitra: You continued Robosoft with the regular format of doing services projects? Rohith Bhat: Yes. Sramana Mitra: What was the revenue level of Robosoft at this point when you launched these two companies?
Bootstrap First, Raise Money Later from Udupi, Karnataka: Rohith Bhat’s Exhilarating Journey with Robosoft (Part 4)
Sramana Mitra: These were projects that Apple gave you to build these apps? Rohith Bhat: We had customers of our own. We built it for them. Apple gave us the SDK. Sramana Mitra: This was very early. My question is how did you find clients to build products for the Apple App Store? Rohith Bhat:
Bootstrap First, Raise Money Later from Udupi, Karnataka: Rohith Bhat’s Exhilarating Journey with Robosoft (Part 3)
Sramana Mitra: What kind of revenue levels were you operating at? Rohith Bhat: We were still at a million dollars. Sramana Mitra: You were steady at a million dollars from 1998 to about 2002. Rohith Bhat: In 1998, we were much smaller. By 2002 to 2003, we hit a million dollars in revenue. We were steady
Bootstrap First, Raise Money Later from Udupi, Karnataka: Rohith Bhat’s Exhilarating Journey with Robosoft (Part 2)
Sramana Mitra: Chronologically, we are in the 1996 to 1997 timeframe? Rohith Bhat: Yes. From 1996 to 1998, we worked for, at least, five to six companies. I have not met any of these folks from the United States. I was in Bombay. Getting talent for my startup was now becoming a little bit difficult
Bootstrap First, Raise Money Later from Udupi, Karnataka: Rohith Bhat’s Exhilarating Journey with Robosoft (Part 1)
If you haven’t already, please study our Bootstrapping Course and Investor Introductions page. Rohith started a services company in his hometown – a small town on the west coast of Karnataka, India. Fifteen years later, the company is generating $18 million in revenue and has raised two sizable rounds of VC funding. I found the story exhilarating! Sramana Mitra:
