CyberKnight has announced that despite COVID-19’s unprecedented global impact, in its first year of operation the company achieved more than US$10 million in revenue bookings and is on track for exponential growth in 2021.
“During Dubai’s real estate boom in the 2000s there was a billboard which stated: ‘It takes generations to build a world-class city; we did it in less than one.’ Deriving inspiration from these wise words, while being headquartered in the same city, we observed other Value Added Distributors (VADs) take up to ten years to reach US$10 million; we are privileged to have been able to do it in one. Although our competitors tried hard to slow us down, we went from start-up to scale-up in 2020,” said Avinash Advani, Founder and CEO at CyberKnight.
“There was nothing easy about operating a new business in 2020. With the uncertainty created by COVID-19, we struggled to achieve monthly and quarterly linearity, which made forecasting difficult. Although we had set higher targets for ourselves before the pandemic struck, we unfortunately realised that they were stretched goals as markets were devastated in Q2 and Q3,” added Vivek Gupta, Co-Founder and COO at CyberKnight.
