Sanjay, tell us about Saya Life!
At Saya Life, we have built a unique vertically integrated solution that both enables multi-unit residences to bill individual water users, while predicting and preventing catastrophic damage from common leaks. It’s a revolutionary new approach to water management for enterprise property owners – and you are invited to join us in our early stages.
With a simple business model and our current offering, we are already generating $500,000 in revenue a year. Now, with a unique proposition, a huge service obtainable market of $3 billion, and the capital to take us to the next step, we are set to grow to a multi-million-dollar company in just a few years.
My goal is to innovate and transform the world’s water data collection infrastructure specifically for multi-dwelling properties where economics are tied to water risks.
Can you give a bit of background on yourself?
I am the Founder and CEO of Saya Life, with more than 18 years of experience leading and increasing growth in small, medium, and large enterprise businesses. Under my leadership, Saya Life was developed into the award-winning platform it is today.
What problems in the industry were you seeing and what trends are you most excited about?
Here in America, we waste 1 trillion gallons of water each year. That is enough to fill 40 million swimming pools. Yet it’s not deliberate. Millions of gallons of this water wastage come from leaks – many of which go undetected, and many of which are entirely preventable. Slow leaks typically waste 30 gallons of water a day and are difficult to detect. Medium leaks typically waste 250 gallons a day (around $3). Large leaks can waste as much as 4,000 gallons a day (around $40). The average cost of these leaks can range from $20,000 for small leaks, to more than $150,000 for larger leaks.
Sadly, by the time the leak is detected, and mitigation is put in place, the damage has been done. Meanwhile, property owners are confronted by unhappy tenants, who feel they have been charged unfairly for water use, which sours relations.
The sub-metering & predictive analytics market size is projected reach $21.5 billion by 2025 and that is exciting for our technology.
What has been the most rewarding part about being an entrepreneur?
Being an entrepreneur has taught me several life lessons. Building a company from ground up requires self-discipline, communication skills, passion, optimism, patience, and a thick skin to accept and learn from frequent failures.
There are several parts of this journey that are rewarding. Interacting and learning from so many creative and successful industry leaders, founders and advisors through incubators and accelerators, building a team of extremely talented individuals who are motivated for success everyday despite the daily struggle as a startup employee.
The journey has new lessons every day and more to come.
What have you found to be the biggest benefit of joining the EvoNexus incubator?
The biggest advantage of joining EvoNexus is getting access and advice from a top-notch advisory team and access to their network of industry contacts.
Learn more about Saya Life here: https://saya.life/
Sanjay Poojary’s LinkedIn: https://www.linkedin.com/in/sanjay-poojary-3850632/