Its been a while! Silence either means that nothing is happening or maybe a lot is :) In APIs case it was the latter.
A lot has been written and a lot said about us. We generally dont respond and believe in just doing what is right for the team, the shareholders and the company and just out-execute. Its easier to write about companies as they are 'entities at the end'. We tend to forget that at the end these entities are made by real people with real sweat, blood, tears and a lot more! Cheers to what the team did in the last one year > achieved the seemingly impossible.
So yes - here we are with facts. We decided in November 2022 that we should be profitable in april 2023. Not move 'towards' profitability / not 'try to be profitable' - Just be 'profitable'. And the power of a common vision, team work, people coming together and moving towards a common goal and just outExecuting was proved !
Not for a month / not for a quarter but for all months of H1 put together - (the 1st 6 months april to sept 2023) we clocked a cumulative 60cr of EBIDTA at API.
We also launched a rights issue of INR 3500cr and we are glad to announce that we are oversubscribed !!
Every single shareholder stood up and supported us, believed in our vision and saw value in what the team at API is building. Big heartfelt thank you to the entire cap table for supporting us and a big warm hug to the entire rockstar team @API for making this possible. What would we do without you !!!
Just upwards and onwards from here 🚀
As they say - Never write someone off, as by lowering expectations you just make it easier for them to fight back.
Lets get going :)
CEO and founder of Treblle
4moGo Ado go 👏🏻👏🏻👏🏻 Safe travels back to 🇺🇸