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Krishna Kumar

๐Ÿ‘ค Speaker
132 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

And I thought there is no such platform which is actually bringing this whole ecosystem closer.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

where you can remove the information as symmetry and provide all the right advisory to the farmer, right from the advisory and also financial product to them so that they can expect more and become a bit of farmer.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

have enough cash flow to do experiments and help their family as well.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

So our strategy is not only to help them to grow better, but also we are helping banks and insurance companies to reach out to this farmer, provide data insights to them that you can actually go and lend this farmer because he has been a very good farmer for the last three years, opening up the black box for them, and help them to underwrite a loan.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

And also bringing down the cost of monitoring and underwriting for the bank so that it becomes a viable business for them.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

Correct.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

So it's basically, it's mostly a machine learning and AI based system, which when the banks try to lend to a farmer.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

Close to 10%.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

We have worked with close to 185 companies across the globe.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

So we are in 29 countries.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

Mostly our target customers are enterprise.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

And once we acquire them, we go to multiple countries where they are working with the farmers and they onboard the farmers on the platform.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

So, uh, the strategy is to go to the enterprise first and then to the midsize market.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

So you can call it as a 4.5 million error.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

We are targeting because some customers will be on the pilot stage and then they scale up over to what are you at now though?

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

So we closed at 2018, we closed March 31st, we closed at 1.5.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

So we are at 2.4 and our visibility is to close it at 4.5 million a year.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

Yeah, because all the hard work of a few months are going to close in this one.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

So we are in a negotiation and all that stuff.

SaaS Interviews with CEOs, Startups, Founders
1710 Crop Optimization Software Hits $2.4m in ARR, $12m Raised

Yeah, so that has been always a heavy year for us in terms of the ARR.