2014 has been an eventful year at PriceBaba. We served more than 10x the no. of users compared to 2013 and saw a high of 4.4 million users / month. Given what is cooking, we are confident of a great 2015 ahead of us. As we get started with 2015, we have set ambitious goals for our team and here we take this opportunity of putting it out in public!
Our goal for 2015 is simple. We are currently at an annual run-rate of serving ~INR 250cr worth of inquiries to retailers. We want to take this number to INR 6,000cr in 2015.
Not to say that this is the only thing we would do, we put the consumer first and build solutions that empowers him/her. So our goal is to align our user focus to reach a business traction of $1B.
There are several hits & misses we had in 2014. We launched new cities, went deeper into existing cities, grew our team to over 25 distributed across India and have successfully demonstrated how young leaders can be created within a tough startup atmosphere. However, we failed at achieving our expansion target of 20 cities, saw some embarrassing breakdowns and missed our last quarter revenue target.
Over the past 3 years, we have seen some turbulent times, the startup community has been a great support and fellow entrepreneurs are a blessing. We continued to receive great support from our angel investors & mentors. Thank you for sticking with us and pushing us to do better.
Wishing all of you a great 2015! Product announcements & news from PriceBaba soon 🙂
Postcards from Team PriceBaba (J Combinator)