How Vroozi leveraged two internal hackathons last year to achieve $1M new ARR?

Shaz Khan

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Updated: November 19th, 2023

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Shaz Khan is the co-founder and Chief Executive Officer at Vroozi, a leading cloud-based business purchasing platform.

Vroozi provides an autonomous spend management and invoice payments platform that allows companies to go digital within weeks without friction or disruption to the existing ERP solutions.

You cannot be complacent when you have a company. You must be competitive in your core market and prove you can win in new domains.

To continuously innovate as a company, Vroozi depends on the following:

Client business reviews
Product owners
Competition
Focus groups
White papers
User groups
Founder-led ideas

Vroozi hackathons are fast-paced, and team members complete them in 72 hours or less. Judges look for a cool, clever, and innovative product. Their scoring criteria are based on innovation, pitch, value, and execution.

Vroozi success indicators:

55+ customers
30K+ Users
$6Billion annual throughput
$5M+ Revenue
Present in 15+ countries