Bootstrapped Email Marketing SaaS From India Hits $23K MRR
SendX grew from a 2017 public beta into a profitable, bootstrapped email marketing platform doing over $23K in monthly recurring revenue by pairing fast product iteration with SEO-driven acquisition.
Co-founder · X
Part of Indian SaaS builders
Business snapshot
Monthly revenue
≈₹21.8 lakh/mo
$23,000/mo · reported Dec 2019
- Business model
- SaaS
- Started
- Jan 2017
- Team
- 3 founders + 7 staff
- Based in
- Bengaluru, Karnataka, India
- Monthly recurring revenue
- $23K+
- Founded (public beta)
- January 2017
- Team size
- 7
- MQL to paid conversion
- 25-30%
- Month-on-month growth
- 8-10%
Channels
Tools
- AWS
- Golang
- Ansible
- Webflow
- Intercom
- Slack
- Stripe
- Heap
- Airtable
- SmartLook
- Zoom
- Calendly
Founder-reported figures, not independently verified. ₹ amounts use the ECB reference rate rate of Oct 2026 (₹94.82/$).
Who built it, and what they built
Varun Jain is the founder of SendX, an email marketing company based in Bengaluru, Karnataka, India. The platform lets businesses send newsletters, drip sequences, and automations such as cart abandonment and post-purchase follow-ups, plus popups and landing pages for lead generation.
The company launched its first public beta in January 2017 and reports more than $23K in monthly recurring revenue. It has been bootstrapped and profitable for its entire journey, with a team of 7 and 3 cofounders.
Where the idea came from
Varun trained as an engineer and spent his early career at tech startups in an engineering role. His first employer was acquired for $25million within 12 months, giving him an early view of the full startup cycle from build to exit.
While working on a side project called ArtCurry, a creative marketplace for traditional artists and craftsmen, he had to stitch together tools like MailChimp, SumoMe, and LeadPages. The complexity and cost of combining those products pushed him to build something better himself, and SendX began in 2016.
After an initial prototype, he brought on Mayank and Agni as co-founders. All three were technical and had built software handling billions of events, so they were confident they could build the product.
The team worked from co-working spaces, and neighboring startups became their first customers and testing bed, giving rapid, high-quality feedback. He admits their "best product wins" bias meant marketing and sales skills came much later, and distribution remains their bottleneck.
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