Agile Data rakes in P27 million in revenue, marks the age of financially sustainable startups in PH
26 July 2023, Manila, Philippines - In the technology start-up landscape, characterized by rapid expansion often at the expense of burning capital and where profitability is commonly deferred, market insights start-up Agile Data Solutions Inc., distinctively positions itself against the prevailing trend. Notably, this unconventional strategy is proving not only feasible but also successful.
The bootstrapped Philippine tech start-up has announced an annual net revenue of PHP 27 million for 2023, with Cost of Goods Sold (COGS) conservatively sitting at 37%. Co-founder and Chairman Jason Gaguan attributes the revenue growth to their sustained clientele of international FMCG, telecommunications, and technology companies.
“It is our loyal base of customers, local and international companies, who want their consumer and market data fast and reliable that fuels our growth. Their continued trust and reliance on our services is what inspires us to continue to evolve quicker and better”, said Gaguan.
Agile Data gathers the insights they provide their clients through their data collection app, Hustle PH. The company boasts an active base of 50,000 users acquired organically without any social media marketing spend.
“Our thousands of Hustlers, as we call our Hustle PH app users, continue to grow mainly through word of mouth and some kind-hearted influencers who share our story for free. We just suddenly see spikes in our users and find out a day or two after a famous content creator made a video about us. It just makes us very happy that people organically discover and grow to love our data-sharing and collection app”, Gaguan exclaimed.
The company started in 2021 and went into full operation in 2022, immediately going head to head with the giants of the market research field, leveraging their data gathering and data organization technology to deliver results faster, more accurately, and largely more cost-efficient.
Asked what makes Agile Data thrive in the ultra-competitive startup environment, Jason Gaguan answers that it is their product-first mentality and fiscal discipline that powers them.
“We just follow 2 very basic business principles: always improve the product daily and always earn much more than what we spend. With those at the forefront of every decision we make, we are ensured that we can continue to delight our clients and thrive in any economic or business environment. We continue to find ways to scale our business through our technology rather than by spending massive amounts of cash. From my point of view, that is real sustainable growth,” Gaguan mentions.
About Agile Data Solutions Inc.
Data-driven decisions at every turn.
The Agile Data Solutions Inc. team comprises industry experts in market research, data science, software development, communications research, and field operations. The group banded together in 2020 trying to make sense of the chaotic consumer market brought about by the Covid-19 pandemic - creating consumer behavior models, and has not stopped since. Their endless curiosity has been the glue of the ever-growing Agile Data family as they continue their mission to be storytellers of the ever-evolving market conditions.
About Hustle PH Democratizing market intelligence. Hustle PH is revolutionizing the market research landscape by making insights accessible to businesses of all sizes. With a combination of speed, hyper-targeting, and efficient pricing, they cater to Fortune 500 companies, MSMEs, and start-ups. Leveraging the power of the crowd, Hustle PH taps into a vast network of hustlers across the country to provide real-time data for agile and timely decision-making. From trade checks and brand health tracking to answering specific market queries, Hustle PH offers a flexible, scalable, and cost-effective solution for gathering essential market insights. Some of their high-level clients include Unilever, Smart Communications, Globe, PayMaya, Allianz PNB Life Insurance, Japan Tobacco International, Fonterra, and Unilab. For more information, visit https://hustle-ph.com/ or contact firstname.lastname@example.org.