Summary
SearchTap, founded by Lakshdeep Rajput, is a SaaS product offering advanced search solutions to e-commerce stores. It enhances customer engagement and conversions through fast, relevant, and user-friendly search experiences. Initially catering to Magento-based stores, it now offers solutions across various e-commerce platforms like Shopify and WooCommerce.

Unique Aspect
SearchTap's specialization lies in its customizable search user experience that minimizes the need for extensive tech team involvement, making it unique in the e-commerce search solution market.

Approach to kick off
The product was developed from the founders' real-world experience in IT consulting, specifically addressing the lack of efficient search solutions in e-commerce. This hands-on approach led to a product finely tuned to the actual needs of online stores.

Scoop

Business Model Viability
The business model is viable, addressing a specific pain point in the e-commerce sector with a scalable SaaS solution. The focus on improving search functionality directly impacts customer engagement and sales, making it attractive to e-commerce platforms.

Future Projections
Plans include expanding the product's capabilities, doubling search processing capacity, and reaching more e-commerce sectors. The aim is to become a key player in enhancing online shopping experiences.

Startup Stats

📊 ARR: $120,000

📈 MRR: $10,000

🚀 Startup Costs: $1,300

👥 Team Size: 30

🌍 Market: Primarily targeting e-commerce platforms requiring optimized search functionality

👨‍💻 Users: Over 400 e-commerce stores globally, across various sectors

💰 Funding: Bootstrapped

👨‍💼 Founders: Lakshdeep Rajput