The Weekend Leader – Vanan Online Services Offers 20% Stake in Company on $10M Investment
Vanan Online Services, a 12-year-old company providing translation, transcription, voiceover, captioning and captioning services with offices in Chennai and Virginia, USA, is offering a 20 % in the company on a $10 million investment.
“We are a debt-free company and our revenue rate over the past three years has exceeded the $1 million mark,” said Saravanan Nagaraj, 38, founder of Vanan Online Service. The boss of the weekend.
|Vanan Online Services is offering a 20% stake in the company on a $10 million investment (Photos: special arrangement)|
“In 2020 we closed at $1.9 million and in 2021 revenue was $1 million. There was a decline in revenue due to the pandemic. But for the year in course, our revenue goal is $2 million and by 2024 we hope to hit $4-5 million.
Hailing from the small town of Virudhachalam in Tamil Nadu, Saravanan worked his way up after failing grade 12 and started working from the age of 18.
Just like “Vanan”, Saravanan had the humble beginning of his career as an IT tutor at NIIT Chennai. (Read his full story)
His voracity for business learning and knowledge management developed through stints as an executive at Airtel and later as a sales coach at Sutherland Global Services for a total of eight years before founding the Vanan brand in 2010.
Saravanan explains on what basis he made his assessment and talks about Vanan’s strengths.
The potential the industry has long held is perennial with indications that the billions the industry brings in will remain on an upward trend.
|Our strategy is centered on agility and agility to keep up with SEO updates and changes|
Google projections and the latest industry simulations point to a current valuation of over $100 million per year with captioning and captioning alone.
The average translation, transcription and typing order figures show astonishing return scenarios totaling over $1.58 billion as the clientele includes both individuals and businesses as any entity with a language requirement is a perspective to capitalize on. We already have a bunch of well-known customers like Netflix, Amazon, Google, Intel, NASA, General Electric, (US) Internal Revenue Service for customized services.
Every service in our kitty comes with a slew of competitors of every scale imaginable, from translation-focused to transcription-focused businesses based primarily on the American subcontinent and to some extent the world.
But based on our assessment over the years, the real competition has always been the ever-changing marketplace and AI software, and we’re gearing up to embrace the changes.
So far, our SEO business model has been internally driven through self-optimizing web resources to stay immersed in our verticals. Additionally, we have ensured that we have carte blanche when it comes to making strategic decisions within the company based on the latest and greatest Google algorithm changes.
|Vanan Online Services is a debt-free company|
Our strategy is all about nimbleness and agility to keep up with SEO updates and changes. We are also taking steps to have a physical presence in many locations across the United States by partnering with small businesses to leverage Google searches which now show nearby places for all business-related searches.
Our customer acquisition has been exclusively Google-led, Google-based, and Google-driven so far with notable success. Now our marketing team is also reaching out directly to customers.
Success of the decade is the result of website optimization, increased traffic and self-earned leads, because SEO involves optimizing your site to rank higher in search engine results. research. Considering that 75% of people do not go past the first page of results, it is crucial that you optimize your page to get to the first page quickly.
Our company is certainly debt free despite our recent relative financial setbacks, largely due to the pandemic and also due to the evolution of Google’s SEO algorithms. The funding we seek is only intended to stimulate infrastructure and revenue generation.
|Our team is our strength, we believe in our team as it’s not a question of how but when we will get there|
The core of our team represents unity through thick and thin, as our success despite our limitations can be attributed to the expertise of our leadership and management team.
So yes, we believe in our team in that it’s not a question of how but when we will get there. Our first step towards the new business model involves expanding our current SEO team (US-based digital marketing experts), which will make us leaders of the pack.
Our ultimate goal is to become Amazon’s version of language services and the current slice of the pie in terms of revenue as well as market share is tiny compared to the final version of Vanan that we intend to see once we will have raised the bar in the days to come. .
|Vanan Online Services expects revenue of approximately $5-10 million over the next few years|
Our scalability is on par with any form of market competition in terms of expertise (in India and USA) and once technology limitations due to lack of funding are removed, Vanan will enter a period of revenue realization ranging from 5 to 10 million dollars.
Our 5-year projections have been formulated based on extensive research simulations and in-depth studies with the sole purpose of transforming Vanan into a pillar of the global language services industry. – TWL office
Up For Grabs features companies that offer equity to investors. To be introduced, write to [email protected] with the subject: To be won