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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

So user is a farm manager who's managing, say, 100 farmers under his portfolio.

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

Correct.

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

So we have raised capital.

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

So we recently closed our Series B in end of November.

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

So this round, we raised $8 million.

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

Total, we have raised $12 million.

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

I think because we consciously made a decision to expand in the international market.

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

And once you expand in the international market, you require, you know, put on the ground also for the enterprise client.

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

And that's the cost.

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

The second conscious decision we made to invest more on the AI and ML, that's also take a cost because now...

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

you know, we are building those models to detect and predict.

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

So we can predict crops in Nigeria that which plots are on which crop and then what is the health, what is the yield and helping the supply chain manager, commodity traders, banking and insurance industry based on that.

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

So that that's because a huge investment.

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

Bangalore is headquartered and 90% team will be here.

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

So, you know, if you look at our value churn is 1%.

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

I think it's monthly.

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

Expansion is there, also addition of new clients are there.

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

So, yeah.

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

Oh, so I can give you an example.