Teqtivity
👤 Hiren Hasmukh (A web/multimedia designer turned hardware founder; he'd run two agencies, so rewriting the locker backend into SaaS was doable.)🌐 siteLinkedIn
Hasmukh sank $400K into smart lockers. COVID ended demand, so he kept the tracking code and relaunched it as ITAM.
Will it work? · our read
Quietly profitable. A failed hardware startup's leftover code became a bootstrapped ITAM tool selling to Uber and Revolut. The ARR is small, but there are zero investors and real enterprise logos.
01How the money moves
Company deploys laptops, phones and gear across a distributed workforce
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Teqtivity tracks each asset: onboarding, audits, offboarding, disposal
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Company pays a per-IT-user subscription, all features included
02The numbers
$1-2M ARREstimateARR, founder-stated 2025
2025source:
"between $1 and $2 million"
ARR is founder-stated (pulse2). The pain stats come from Teqtivity's own 2025 Ghost Asset report; treat them as vendor-sourced.
About $1-2M ARR, founder-stated 2025. Bootstrapped, zero outside funding.
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See a full teardown, free → ImportYetiSourcesSources last checked 2 September 2026
Pulse 2.0 interview (2025) — founder states "between $1 and $2 million" ARR and bootstrapped.SaaS Club podcast #428 — low-seven-figure ARR, 22-person team, the smart-locker pivot.IBTimes profile — founder background, bootstrapped, team of 22.Teqtivity Ghost Asset report (2025) — "$5M Annually" ghost-asset cost, 71% lost a device.teqtivity.com — product and customer logos (Uber, Revolut, AutoTrader, GoCardless, Delivery Hero).
Revenue is FIRST-PARTY but a range the founder gave verbally: "between $1 and $2 million" ARR (Pulse 2.0, June 2025; echoed as 'low seven figures' on SaaS Club #428). No filing exists — Teqtivity is a private bootstrapped company — so this is STATED, not FILED, and unaudited. Team size (22) and the $400K self-funded start come from the same interviews (SaaS Club raw HTML is a JS shell, so those live in the transcript, not the page bytes). Founding year is fuzzy: bios say 2016, while SaaS Club dates the hardware company (smart lockers) to ~2018 with the ITAM software pivot in 2020; I use 2016 for the company and flag the 2020 product pivot. The $5M ghost-asset and 71% figures are from Teqtivity's OWN 2025 report — vendor-sourced marketing, not independent research. Customer logos (Uber, Revolut, AutoTrader, GoCardless, Delivery Hero) are displayed on teqtivity.com; contract details not independently confirmed. Founder LinkedIn (in/hiren-teq) matches name and LA location but is inferred. verified:true on the basis of first-party founder-stated ARR. We never score you.