Summary
Founded by Akhil Suresh Nair, Xena Intelligence is an AI-driven platform that automates and optimizes ecommerce operations on platforms like Amazon and Walmart. The idea originated from Nair’s consulting work with small and mid-sized companies, where he recognized a gap in ecommerce sales support. Xena Intelligence, which began as a simple dashboard showing key performance indicators, has evolved into a sophisticated tool leveraging deep learning for full-scale automation. The company has achieved a monthly recurring revenue of $15,550 and has contracts with Fortune 500 consumer goods companies.

Unique Aspect
Xena Intelligence stands out for its use of AI to fully automate ecommerce sales processes, offering a competitive edge through advanced data intelligence and machine learning.

Approach to kick off
The initial product development focused on proving the concept through a basic version, which then evolved with additional features and deep learning capabilities. Nair utilized platforms like Upwork and Fiverr to build a skilled team, including finding a CTO.

Scoop

Business Model Viability
Xena’s business model, leveraging AI to enhance ecommerce sales, shows great viability, especially given the increasing reliance on ecommerce platforms.

Future Projections
The company aims to reach an MRR of over $250,000 by the end of 2022, scaling up from its current MRR of $15,000. The focus on AI and automation positions Xena for significant growth in the ecommerce sector.

Startup Stats

📊 ARR: $306,000

📈 MRR: $25,500

🚀 Startup Costs: $10,000

👥 Team Size: 3

🌍 Market: Targeting ecommerce platforms, especially those on Amazon and Walmart

👨‍💻 Users: Small and mid-sized businesses, with contracts from large Fortune 500 consumer goods companies

💰 Funding: Pre-seed funding of $115,000 from a VC fund and an angel investor

👨‍💼 Founders: Akhil Nair