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Pipeline ₹12 Cr. Revenue ₹90 lakh. Where did the deals die?

Rohan Goel Rohan Goel·February 3, 2026·4 min read
Founder

Target ₹5 Cr. Pipeline ₹12 Cr. Revenue ₹90 lakh.

Me

That looks like a padded pipeline.

The planning math looked simple: last year's conversion was 33%, so three times coverage should hit target. But ₹12 Cr of pipeline producing ₹90 lakh is a 7.5% conversion rate, not 33%. The pipeline is broken.

Most founders know two numbers

Another founder: "Pipeline has ₹3 Cr in it. Why did we close only ₹40 lakh?" I asked for stage-wise numbers. "What do you mean, stage-wise?" That is the problem. Most founders know how much is in the pipeline and how much closed. They do not know where the deals died.

The Three Leaks

1

Qualification

Leads that should never have entered the funnel — no criteria, or criteria nobody follows.

2

Discovery

Salespeople pitching before diagnosing, and proposals going to prospects who are not ready.

3

Follow-up

Two emails, then silence. Deals dying because nobody chased them.

Each leak has a completely different fix. If you cannot see which stage is leaking, you do what most founders do: blame the team, hire more salespeople, push for more leads — and the leak stays exactly where it was.

Your team does not need more activity. It needs a system that shows where every deal is, why it is stuck, and what to do next

Related: ₹22 Cr pipeline, 12 of 47 with the decision-maker — a qualification leak, measured.

Quick Answers

Quick answers

Because deals leak at specific stages — qualification, discovery or follow-up. A ₹12 Cr pipeline closing ₹90 lakh is a 7.5% conversion rate, which means coverage ratios based on past conversion will overstate the forecast.

Track conversion between each stage rather than only total pipeline and closed revenue. The stage with the biggest drop-off shows whether the problem is qualification, discovery or follow-up.

Only if your real stage-by-stage conversion supports it. Coverage ratios assume a conversion rate; if actual conversion is far lower, three times coverage can still miss badly.

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