(Founding Team of dox2U)
An exclusive interview with Sumeet Goel, Co-founder & CEO, dox2U by Privet Ventures
The way documents are managed at workplaces needs a phenomenal change. When everything is going digital, why not the documentation. In our conversation with Sumeet Goel, Co-founder & CEO, dox2U, we understand the disruptive platform that intends to bring a change in documentation management system across workplaces, be it small teams or large enterprises of any sort of businesses.
What is dox2U all about? What does it intend to serve?
dox2U is a subscription-based SaaS document management system (DMS) democratizing Document Management for teams by creating a single source for all documented information. A cloud-based and ready-to-use solution, dox2U was engineered using some of the best-defined practices in the industry to ensure a high level of information security along with a robust user-friendly experience.
With a monthly post-paid subscription on a pay-as-you-go policy, dox2U makes document management affordable, efficient and is ideally positioned to break silos of information instead of creating another one. The platform intends to bring all your information under one unified repository, making everything available digitally anytime and anywhere. Managing documents through dox2U makes compilation easier, accessible and hassle-free.
How is dox2U different from its competitors?
dox2U is a subscription based SaaS Document Management System based on pay as you go model, the first of its kind. It’s a ready to use product that requires no Capex and Opex for deployment, making it much more accessible to teams everywhere regardless of their size or industry! dox2U’s target is to make document management accessible to the SME market, an almost untappd space due to the extremely high costs associated with deploying and maintaining legacy DMSs. Powered by unique features like an integrated ICR engine for text extraction from images and a Smart Cabinet that uses dynamic filtering to help speed up the document retrieval process, dox2U was designed to create an unsiloed connected information warehouse, bringing an organization’s documented information into a single source of truth.
When did the company come into existence?
The first version of dox2U was launched in late 2020 however after multiple pilot runs, it went full swing in August 2022.
How many employees do you have?
dox2U is currently a team of 20 people creating the future of smart document management!
How do you get an idea to start this venture?
The disruptive idea behind dox2U germinated from an internal need of Sumeet Goel, the CEO & Co-Founder of dox2U. While they were moving offices from one location to another, the need for digitization of files and paper debt surfaced. Information was scattered everywhere and stuffed within thick cobra files; a very inefficient way of managing documented information in the 21st century. On initial scoping, there was no right-fit solution that could meet the requirements both in terms of ease of deployment and cost. This led to a more detailed analysis of the Document Management Systems (DMS) landscape and a niche was established for creating a do-it yourself (DIY) DMS: dox2U.
Is the company funded?
Not yet! The company is bootstrapped and looking to raise its first external funding round in the coming future to further enhance the technology and market the product prudently.
What’s your revenue?
dox2U is pre-revenue at this stage with a few Early Adopters on their 6 month Free Early Adopters Plan, which would eventually convert as paying customers. Their projected ARR over the next 1 year is USD 1.2M.
How fast are you growing?
dox2U aims at onboarding 1000 SME Customers over the next 12 months.
What’s your background? Did you have the skills you needed to start the business?
dox2U's founding team has both technology & management depth to drive dox2U's vision forward. "Software Product" has always been in our DNA. Sumeet Goel, dox2U's CEO and Co-Founder, has been a serial tech founder for the past 25 years. Having learnt well from his first Software Product initiative way back in 2000, he's now driving dox2U to reach its full potential.
Apart from a deep understanding of customer pain-points, it is equally important to address these pains using the simplest solution possible. With a well balanced depth of technology & strong management skillsets, the team is truly set up for success to drive dox2U to its vision.
Who’s on your leadership team and what’s their background?
dox2U's founding team has an extremely rich experience in the technology space with over 50 years of collective work experience in technology!
Sumeet Goel, Co-Founder and CEO, has been a serial tech founder for the past 25 years, starting his first stint in software way back in 2000!
Kunal Soni, Co-Founder and CTO, is a seasoned tech professional with over 18 years of experience in technology and delivery management, having worked at industry leaders like Talentedge, Srijan and Times. Vikash Marwal, dox2U's Head of Engineering, has been in the tech industry for more than 16 years with previous roles as a Co-Founder and stints at tech institutions like Sopra Steria Raaghav Goel, Principal Product Manager, is a graduate from the prestigious EECS program at UC Berkeley with previous work experience as a Product Manager at various fast-growing startups and Microsoft.
With their diverse and well-experienced skillset spanning from technology and management to product development and sales, the team is truly set up for success to take dox2U to the market and create a new way for managing documented information.
What is the future Plan?
dox2U envisions to “redefine how information is handled”. The start-up plans to address this opportunity with a disruptive solution using new-age technologies. dox2U eventually aims to sit at the core of any business’ ecosystem, creating a central source for all documented information and making document management easy, accessible and intelligent. With dox2U, a future for document management is being created!
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