Slack Tool Karma bot Doubles to $400k ARR, Turns Down $1m Offer
At Starter Story, we find and catalogue business case studies from all over the internet, for you! This case study was not conducted by Starter Story, but it has been verified by our team. You can check out the full story here.
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.
- 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
Read the full story on blog.getlatka.com ➜
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
Get our 5-minute email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.