Billion-dollar status may seem like a distant dream for most startups, but growth agency Upgrade’s ground-breaking strategy is bringing it into clear focus for its clients.
The Dubai-based growth specialists have worked with businesses across more than 25 industries in UAE and KSA to develop a clear pathway to the $100-million-a-year revenue.
Using a bespoke three-step growth strategy, Upgrade assists startup founders with marketing, sales, recruitment, and financial responsibilities which frees up time for founders to focus on what they do best: perfecting their product.
Upgrade’s growth formula has proved to deliver extraordinary results for its clients:
● It took Urent, a vehicle rental app, from zero users to 150,000 users generating $4 million in revenue, increasing their valuation to $25 million – all within the space of 18 months.
● Yalla Market, a grocery delivery app, has experienced a boost of 2300% in daily purchases in just under 30 weeks, and its valuation jumped to $50 million.
● Jumlaty, a KSA based brand, has doubled its user base and tripled their monthly revenue in less than 26 weeks.
● Klaim, a B2B fintech, received thousands of qualified leads leading to 500+ meetings with decision makers which boosted their monthly revenue to $300,000. Klaim’s valuation grew from $3M to $50M in less than 24 months.
Via this tried-and-tested growth blueprint, Upgrade has made results its core capability, one that has helped a diverse portfolio of MENA businesses hit bold valuations years ahead of schedule.
Upgrade’s strategies have also helped startups like Huspy, Penny, Taker, MamoPay, YelyPay, Barakah, Halliday, and Bankiom. Today, Upgrade is generating $1.5 million revenue, 10,000 leads, and 1,000 B2B meetings per month for its diverse client base.
Because of these results, Vladislav Chernyaev, the CEO of Upgrade, believes that “startups, armed with the right mindset and strategies, need not be intimidated by the difficulties of setting high growth goals. Instead, they should aim to become market leaders through a heavy focus on creating the right product, getting the right team, accessing relevant financing, and using tested and trusted marketing and sales strategies.”
Upgrade plays a key role in the fertile UAE and KSA private sectors, where a potent ecosystem of ambitious accelerators and VCs is helping push the economy to new heights. 85% of the country’s jobs are here, while nine out of 10 private companies are now startups.