It had earlier enabled a firm to automate the process of keeping records of the customer database and helped another technical learning entity teach students through its cloud-based lab. From delivering easier access to cloud service providers, the start-up offers control over a firm’s costs and policies. Among those it has aided in saving time by omitting manual labour and reducing errors are Mindtree, Newtek, Triple C and Talentedge.
The company has kept its revenue model subscription-based, where customers need to start paying from the first month itself. The method of purchase can be based on the number of cloud environments subscribed to or a customer may choose to pay a percentage of the monthly cloud usage as fee. For instance, firms may opt for services starting at $1.5 for an account per month or select or give 1.5 per cent of cloud usage every month for acquiring a cloud provider’s services.
Nuvepro pegs the market size, for itself and other start-ups, at $3-4 billion, a tenth of the cloud infrastructure market. It stands at the intersection of a cloud management platform and a generic cloud solutions marketplace, expanding expeditiously. Hence, faces stiff competition from peers such as Cloud Health Technologies, Cloud Checkr and Bitnami.
“We need to eat as much (only) as we can digest and keep a narrow focus,” the company said, adding it would keep its focus on service providers and the education sector for the coming year. Presently handling a little over 30 customers from five areas (India, Europe, America, West Asia and the Asia-Pacific region), the start-up plans to cross the three-digit customer mark in 2018-2019 and achieve break-even in 18 months.