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Founder Thesis

From Coffee Trader To $250M+ VC | Manav Garg (Together Fund)

Founder Thesis · 2025-05-16 · 1h 41m

Episode notes

"SaaS as we know it is DEAD." This might sound controversial, but as Manav Garg explains, the old model of simple workflow automation is being rapidly superseded. AI agents are now capable of executing complex tasks based on simple commands, fundamentally changing how businesses operate and what they expect from technology. Manav Garg is the Co-founder and Managing Partner of Together Fund, an operator-led VC firm managing over $250M AUM and backing ambitious early-stage Indian SaaS and AI startups. Before this, he founded Eka Software Solutions in 2004, building it over nearly two decades into a global leader in commodity management software. He scaled Eka to $34 million in revenue with $9 million in profit by 2014, raised over $55 million, navigated a complex pivot to the cloud, and ultimately exited the company. He is also a co-founder of SaaSBOOMi, Asia's largest SaaS community, and is passionate about building India as a Product Nation. Key Insights from the Conversation: The challenging journey of pivoting an already profitable company (Eka) to the cloud. Learnings from bootstrapping, fundraising, M&A, and scaling enterprise SaaS globally.

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