Practus’ assisted the IT product company in improving enterprise valuation by 730% and reducing TAT for monthly MIS to investors from 16 days to 5 days.

Client NameIndustryOwnershipManagementNo. of EmployeesSizeProject Duration
IT Product CompanyIT ServicesPrivate, PE BackedPromoter Driven~100$2 million5 Years

About The Company

HTP Tech is a SaaS-based/ IT products company catering to brokerages, financial institutions, mutual funds, hedge funds, and private equity funds. HTP provides real-time financial news, updates and price data analytics to help stock dealers make informed buy and sell decisions. Practus was invited to play a CFO role after Series A funding.​

Practus’ Role

  • Full time CFO.
  • Handheld HTP Tech through 4 rounds of fund raise, supporting all due diligence required.
  • Transition from pre-product development stage to cash break even.
  • Monitored cash burn and provided rolling 12 week cash forecast.
  • Built scenario modelling to access impact of alternative sales monetization strategies.
  • Created end-to-end ESOP for KMP and employees.
  • Track cash burn against funds received in the 4th round of fund raise.

Impact Delivered

  • Reduced TAT for monthly MIS to investors from 16 days to 5 days.
  • Achieved cash break in 36 months (Budget: 44 months) through tight monitoring of productivity  of product development costs.
  • Assisted in improving enterprise valuation by 730% in 3 years and in providing full/partial exits to the early stage investor.
  • Saved $450k in costs through effective vendor negotiations and the efficient management of the transfer pricing tax exposure.
  • Reduced dilution to founders and Series A/B Investors by ~6% through active involvement in obtaining  competing sheets from prospective Series C investors.
  • Vendor negotiations for cost cutting, reduced costs by 40%.