[Quick update] : We have reviewed all our materials, audited accesses, and released a new data room to ensure everything is updated, providing our supporters with the best and fastest access to all necessary information. Additionally, we committed a subscription with one more customer and closed another angel investor. It's been a productive few days—let's keep going! We also updated the links on this update below. Please help us with any feedback you have!
https://darshana.ai/dataroom.html
Darshana is a platform that verifies professional credentials and integrates them into digital identities, leveraging blockchain for transparency and AI (based in credentials, trusted data) for smarter hiring suggestions.
We have an exciting lineup of activities for August and September. Please let us know if you can support or plan to attend any of them.
- August - November 2024: Two groups of students from Universidad Nacional San Augustin de Arequipa, Peru and Break Through Tech AI @MIT Schwarzman College of Computing will be assisting with challenges related to our B2B AI-based product research and development.
- Sept 17-18, 2024: MIT Digital Technology and Strategy Conference. Our CEO will be presenting as part of the MIT Startup Exchange Initiative
Stay tuned for more!
We are raising $2.8MM USD at a $12MM pre-money valuation. Our preferred method is a SAFE. Please contact us if you are interested in investing, either as an Angel Investor or as part of the fund you lead.
Introductions: We are seeking connections with potential enterprise clients in the tech recruitment sector, particularly SaaS job marketplaces and HR platforms. Universities and educational organizations looking to position their students globally are also excellent sources of records and recurring revenue for us, supporting our mission to expand the global talent pool.
Partnerships: We are exploring partnerships with job marketplaces to expand our API integration.
You can use this material to share:
[Data Room] [Demo Talent] [Demo B2B] [Book a meeting] or reply to this email to [email protected] for more info.
Leverage a dual-sided approach, targeting both the supply and demand for verifiable work credentials.
Product Overview
Credentials Verification Platform
Functionality: Verifies professional credentials and integrates them into a digital identity using blockchain technology.
Benefits: Ensures transparency and trust. Allows candidates to share verifiable credentials, and companies can query these credentials for a more reliable and efficient hiring process.
AI-Powered Hiring Tools
Functionality: Offers smarter, unbiased hiring suggestions by utilizing trusted data.
Benefits: Enhances recruitment processes, helping companies efficiently identify and hire top talent while minimizing biases.
Strategy
Two Sided Market
Supply Side: Credential Providers
Target Audience: Universities, educational institutions, and companies.
Value Proposition:
- For Institutions: Encourages students and alumni to obtain verified credentials, increasing their employability on a global scale.
- For Candidates: Offers a secure platform to store and share verified credentials, adding credibility to their professional profiles.
Revenue Stream: Institutions pay for credential verification and integration into digital identity profiles, contributing to a $2.4B global market for identities, credentials, and verifications.
Demand Side: Credential Consumers
Target Audience: Companies and organizations within the hiring sector.
Value Proposition:
- For Companies: Access to a reliable database of verified credentials improves hiring efficiency and trustworthiness.
- For Hiring Managers: AI-driven tools provide unbiased candidate recommendations, supporting efficient and equitable recruitment processes.
Revenue Stream: Companies pay to query the credential database, tapping into a $12B global market for AI-based hiring tools trained with better data.
Ecosystem Development
Data Collection: Continuous data inflow from credential providers helps in building a comprehensive and reliable database.
Revenue Streams: Recurrent revenue from both credential providers and credential consumers ensures financial stability and growth.
Credential Adoption: Promoting the adoption of verifiable credentials as a standard in the industry, enhancing the overall value of the ecosystem.
Trusted Data Flow
Blockchain Technology: Ensures the integrity, security, and transparency of the credential verification process.
AI Integration: Enhances data utilization for unbiased hiring decisions, improving the recruitment process.
By targeting both sides of the market, your platform not only secures a continuous flow of data and revenue but also fosters the adoption of verifiable credentials as a standard, thereby creating a sustainable and scalable ecosystem.
Leveraging the ecosystem will let us become the global standard for verifiable credentials and AI-powered hiring, serving both end customers and other platforms while enabling AI use cases based on trusted data.
Customer Acquisition: It's crucial to continuously update our strategy to effectively engage and retain our target B2B customers, with a focus on subscription models to strengthen our recurring revenue flow and drive high transaction volumes.
Community Members: 5000+
Companies Engaged: 20
Customer Acquisition Cost (CAC): $200 per company - B2B
Monthly Active Users (MAU): 400 (talent)
Revenue 2023: $20K
Letters of Intent (LOIs): 5/5
Pilots: 5/5
Bookings: $1.2M
API and end-user platform launch: 01/24
Release AI New Tools via API: 10/24
Current round commit/close: 07/24 / 09/24
$100K MRR: By 11/24
1MM Transactions: 12/24
10MM Records: 12/24
Thanks to our Mentors, Angel Investors, Investors and everyone who helped share our message, reach investors, and support us along the way.
See our previous updates here: https://www.paperstreet.vc/darshana-inc