Understood. What is your revenue model? How will revenue scale with size of customer rather than only number of customers? #Babapitch— Ritesh Banglani (@banglani) March 19, 2017
@banglani we charge per transaction 0.2% with cap of Rs 20, for a Rs 1000 order it translates to Rs 2 #Babapitch— ThirdWatch (@thirdwatchai) March 19, 2017
Sounds like a good model, but pricing may dramatically reduce with scale. For an ecom co making 4% gross margin, 0.2% is massive #Babapitch— Ritesh Banglani (@banglani) March 19, 2017
@banglani on the net side we want companies to give us Rs 10-20 of the Rs 100 they saved using us by avoiding fraud #Babapitch— ThirdWatch (@thirdwatchai) March 19, 2017
@banglani we are open to feedback here, out server cost per transaction is quite low we will still make good money with volume #Babapitch— ThirdWatch (@thirdwatchai) March 19, 2017