Hubbler plans to grow in North America and Europe and reach $4 million in sales by 2025
- ByStartupStory | November 14, 2022
Aiming to grow its presence in North America and Europe by 2025, IT startup Hubbler plans to increase its revenues to USD 4 million, buoyed by healthy business opportunities around the world, according to Vinay Agrrawal, founder and CEO of the company.
The 2016-founded business offers a platform that enables non-engineers to create customised software without writing code.
“India will continue to be one of our primary focus markets because it is a sizable and underserved market for no-code technologies. However, we believe that no-code has limitless growth potential, and we want to take advantage of that. Due to their greater maturity in embracing new technologies, North America and Europe are where we intend to expand “said Agrrawal.
He claimed that these two areas are the top locations for no-code and that the company is prepared for an international debut in the last quarter of this fiscal year, citing industry data.
By the end of 2023, the company hopes to have 250 enterprise customers, up from more than 50 at the moment.
“The goal is to increase the number of transactions from 1 million per month to 10 million per month over the course of the next 12 months. We will be able to meet the lofty objectives we have set for ourselves in the upcoming 12 months thanks to our international launch and a strong India presence. Additionally, this will help us reach our envisioned revenue goal of USD $4 million by 2025”, Agrrawal said.
Industry forecasts predict that the global no-code market will reach USD 65 billion by 2027, with North America and Europe accounting for the lion’s share of this growth. By 2025, India alone would increase ten times to reach USD 4 billion.
Regarding the hiring plans, he stated that the company would grow its workforce by 20% over the course of the following year, “but we would not hire indiscriminately.”
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