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Home > 100x Entrepreneur > Building a SaaS enabled marketplace for Indian Manufactures ft Divyaanshu Makkar, Co-Founder, Sourcewiz


	Podcast:		100x Entrepreneur
	Episode:		Building a SaaS enabled marketplace for Indian Manufactures ft Divyaanshu Makkar, Co-Founder, Sourcewiz
	Category:		Business
	Duration:		01:12:07
	Publish Date:		2022-08-23 05:30:00
	Description:		How can an experience being a VC come handy while starting up? To answer this today we’ve with us Divyaanshu Makkar, Co-Founder, Sourcewiz. Prior to starting Sourcewiz, Divyaanshu had already tasted entrepreneurship with his first venture in EdTech space, Connect2Teach in London. Post that after working with EY-Parthenon for a brief period of time, he joined Bessemer Venture Partners in California, United States. At Bessemer he focused on EdTech, Consumer Tech for India/SEA and Enterprise/SMB SaaS being built from India/SEA for the world. In today’s episode, we talk with Divyaanshu understanding his journey from being a Entrepreneur to becoming a VC and then going back for Entrepreneurship, his learnings and networks from his VC-period which came handy while starting Sourcewiz and more. Notes - 02:24 - Intro 03:53 - Early Career and background in Venture Capital prior to Sourcewiz 07:35 - After VC what made him come back as an entrepreneur? 09:38 - Learnings from Mistakes from his previous venture 13:02 - Mistakes he observed other founders make while being a VC 15:04 - Key criterias for him while selecting a market from a VC’s lens 20:03 - Zoho Sponsored – Prashant Ganti on Where do founders struggle with Payroll and how can they fix it? 21:58 - Quitting at Bessemer Venture Partners to starting up Sourcewiz 31:10 - Connecting with Sajith Pai from Blume Ventures 35:02 - Identifying and Focusing on the problem statement within SaaS 41:08 - Getting their first paying customer 44:45 - Figuring out a scalable GTM for Tier-II customers 47:34 - Acquiring 400+ Paid customers in within first year 49:20 - Building a marketplace and its current traction 53:59 - His path to a $1Mn ARR and then for $10Mn ARR 56:16 - Building mechanism for scale 1:00:34 - Unknowns in the market they are still figuring out 1:02:12 - Closing their second round of Seed funding with Matrix Partners India 1:05:02 - Selection criteria for Angel Investors 1:06:44 - Key pointers of Do’s and Don’ts for new founders Also, try out a 30-day free trial of Zoho Payroll, and simplify your Payroll journey as an entrepreneur! https://zoho.to/zoho-payroll
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