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Thursday, February 22, 2024

Philippine startup rakes in P27 million in net revenue

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Bootstrapped Philippine tech start-up Agile Data Solutions Inc. announced net revenue of P27 million in 2023 so far.

Agile Data co-founder and chairman Jason Gaguan attributed the start-up’s financial performance to sustained clientele of international FMCG, telecommunications and technology companies.

Agile Data Solutions Inc.’s team

“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 clients through data collection app Hustle PH. The company boasts of 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 said.

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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, Gaguan said it is their product-first mentality and fiscal discipline that power them.

 “We just follow two 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 said.

The Agile Data team includes industry experts in market research, data science, software development, communications research and field operations.

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