Speaking of geography, we’re at the moment specializing in increasing our companies within the US and a few areas of Europe. With that being mentioned, India stays a significant marketplace for us,” Rahul Nanwani, Co-founder and CEO, ImageKit discloses
We (Rahul Nanwani and his co-founders Manu Chaudhary and Somesh Khatkar) labored at Gurugram-based on-line journey platform, Ixigo. While engaged on an inner venture, we realized that only a few ready-made picture optimization merchandise available in the market have been simply integrable at scale and did a lot of the optimizations robotically, out of the field, with minimal setup. Additionally, many didn’t have a pricing mannequin that supported optimization at scale. Thereby, beginning in October 2016, we took three months to construct the MVP and launched ImageKit.io in January 2017.
What are the options that ImageKit at the moment gives?
ImageKit is an entire answer that gives instruments to handle, collaborate on, and ship the suitable pictures and movies to customers throughout all on-line channels. Our software implements real-time picture and video optimization and transformations to permit companies to ship high-quality media with out compromising efficiency on the net and apps. In addition to this, now we have a digital asset administration software for our characteristic set. ImageKit is economical and straightforward to combine, whatever the buyer’s scale and present infrastructure. With workplaces in Delhi-NCR (India) and Delaware (USA), as we speak we cater to over 800 corporations and 70,000 builders and companies, backed by a group of 19 zealous members. Some of the notable manufacturers working with us are BigBasket, Nykaa, TravelOka, Noon, and Weltbild.
Can you clarify the necessity for such options and why model advertising and marketing groups ought to have it?
With the pandemic kicking in, web sites turned the forefront of companies and inventive groups are beneath immense stress to ship a consumer expertise that not solely will catch a person’s consideration but additionally maintain their consideration lengthy sufficient to result in conversions. ImageKit helps these groups to ship a clean consumer expertise by optimizing the pictures and movies on the web sites and apps which interprets right into a lowered web page load velocity. This discount in bandwidth consumption moreover helps in attaining higher search engine optimization scores. ImageKit gives seamless integrations which makes it simpler for the builders and inner groups which might be concerned. We additionally provide digital asset administration companies which assist groups arrange their belongings higher and discover them sooner with their very own taxonomy. On the enterprise entrance, this software assist cut back infrastructure prices by multi-folds.
Could you share a short rationalization about the way you helped Nykaa scale up its advertising and marketing through the use of your instruments?
ImageKit helped Nykaa obtain an over 84% discount in picture measurement with no compromise within the perceived picture high quality. This additionally helped in enhancing the PageSpeed rating for Nykaa. The group saved quite a lot of manhours by leveraging real-time picture resizing and computerized optimization. Nykaa additionally appreciated the seamless integration with current CDN and storage.
Who are your rivals? And what’s your USP?
We are in direct competitors with corporations like Cloudinary, Gumlet, Sirv imgix and many others. What makes us stand out is we deal with pictures and movies finish to finish. Right from DAM (Digital Asset Management), optimization, actual life transformation to supply. We promote our clients to be self-reliant with documentation for every little thing and straightforward to make use of options. We additionally focus extra on the developer group with our integrations with Frameworks, languages and APIs to manage every little thing in DAM. Coming to pricing, now we have a low place to begin and particular person elements are charged individually not like quite a lot of pricing plans supplied by rivals.
What is the expansion that you’ve achieved thus far?
We launched ImageKit in January 2017 and 6 months later we achieved gross profitability. Starting June 2017 we began withdrawing small salaries and cease doing small tasks. The firm began with an preliminary funding of 1.5 lakhs, and now stands at an ARR within the vary of $3-4 million. We have doubled our enterprise each 12 months.
Currently, we’re serving over 800 paying clients in over 60 international locations. In addition to this, we’re additionally serving to over 70,000 small companies and builders in over 100 international locations.
Which market is of prime significance to your goal?
We primarily goal the media-heavy industries like ecommerce, journey, content material/information media, journey and ed-tech and many others.
Speaking of geography, we’re at the moment specializing in increasing our companies within the US and a few areas of Europe. With that being mentioned, India stays a significant marketplace for us.
What are the brand new instruments and methods you’d be offering to your clients? How will it assist to strengthen their advertising and marketing outreach?
We have just lately launched Video API which can assist clients enhance the visible expertise on their web sites and apps. In addition to this, now we have additionally launched digital asset administration developments. Our clients will now be capable of arrange their belongings higher, discover them sooner, edit pictures and movies with ease, and enhance the workflow.