SaaS
listed by broker
Primarily Market Research and Education
Description
Konch is an automated transcription platform. We offer two products; draft and precision. Draft is a fully AI generated transcript, typically around 80% accuracy depending on audio quality. Precision goes through human review to ensure 100% accuracy. Besides the user interface we also have a set of APIs that allow customers to create fully customisable integrations.
SaaS with $250,000 in TTM revenue and $150,000 in TTM profit that is an automated transcription tool for students and researchers. Supporting more than 30 languages, this platform is powering some of the most ambitious universities in the world.
See more: Konch.ai
✅ $250,000 in TTM revenue
✅ $150,000 in TTM profit
✅ Competitors: Rev, Sonix, Trint
$250k revenue across two clients. No overhead.
Up to 70% profit margin.
No effort on marketing/sales so far.
Featured metrics
$250k revenue across two clients. No overhead.
Up to 70% profit margin.
No effort on marketing/sales so far.
Selling details
Type of shares
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Reason for selling
My cofounder and I are engineers. We have grown the become a marketing/sales case more than a product play.
Preferred acquirer
Multiple interesting profiles. However, a few comes to mind:
1. Competitors in the transcription space
2. Companies looking bring our tech in-house.
3. Marketeers/sales folks that can take a finished product and scale it.
Aspirations & growth opportunities
Massive opportunity on B2C side that we have not explored yet. About ~$1.000 MRR from B2C. Today 99% of revenue from large enterprise deals.
Business details
Business model
Large B2B enterprise contracts and monthly SaaS subscription revenue..
Customers
Competition
Operational details
Technology stack
React.js, Node.js, Serverless, AWS, GCP
Marketing spend
Performance tracking tools
Financial details
Ownership structure
Last month's revenue
Last month's profit
Financial records
Annual P&L summary reports
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