Our little startup has reached a great milestone
Our startup Edofox, which began as a way to help educational institutes take online mock exams, has now passed a new milestone.
We have validated our product thoroughly and there is clearly a demand and need of our product. We already have many paying customers who are helping us improve our system with their valuable feedback.
We are at a stage where we need funding only for accelerating our growth and optimizing our systems. The business is set. I am happy to say that investors don’t have to wait for us to build a MVP and validate the market. We are already generating revenue which has always been the need for us: to survive.
We have become a great deal for the investors who want to put money in startups and our progress has bought us some huge leverage for negotiations.