Slack Tool Karma bot Doubles to $400k ARR, Turns Down $1m Offer

David Kravitz and Stas Kulesh
Founder, Karma
$35K
revenue/mo
2
Founders
Karma
from Auckland, New Zealand
started January 2016
$35,000
revenue/mo
2
Founders
365K
alexa rank
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Slack Tool Karma bot Doubles to $400k ARR, Turns Down $1m Offer

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Karma is an analytical tool designed for Slack, a remote team-building application, to track team performance & offer rewards.

Stas Kulesh and David Kravitz are the founders of this slack tool and have equal shares in the company.

Karma bot enables team members to celebrate the accomplishments of their colleagues by using Slack actions and included instructions.

In January 2020, they were bringing in $14k/month. As of late, they are now making $35K/month.

Here's how:

  • Karma bot gets 500 new trials every month from Microsoft & Slack
  • There are approx 7-10 demos each week. Out of that, 10% or almost one new customer a week, converts to a free trial.
  • Monthly profits are $25,000
  • Churn Rate is About 3% Monthly

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Read the full story on blog.getlatka.com ➜

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David Kravitz and Stas Kulesh, Founder of Karma
Pat Walls,  Founder of Starter Story
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