Grain

“It takes about nine calories worth of grain to produce one calorie worth of chicken meat, and when it comes to cows, which are, you know, much less efficient, dairy is even worse, and beef, it's extraordinary. It can be 30, 50, some people would say a hundred …”

“It's basically 20, 30 basis points, you know, above my cost of hedging, which is actually very, very competitive.”

“Actually, now we're serving, we are more of an embedded finance, so we are providing hedging, yeah, to travel platforms in the travel industry, ok?”

“No, I'm saying exponential, then in twenty-twenty-four, yeah, we will have probably between five to seven billion dollars of hedging, and then it's going in, in exponential way. So 24, 25, probably we're going to be like 15,000.”

“In twenty-twenty, it turned into a structural importer of grains. That means that the world's sort of largest economy went from being self-sufficient in some of these core grains to being insufficient.”

“So it's been about seven million dollars total that we raised. And our team is about 15 people.”

“So it's one at the beginning and then three in a price round, that four was announced and we raised an additional three that has not yet been announced.”

“Substantially higher.”

“The average team is about three people right now.”

“Our self-serve model, we don't have a sales team yet. We're just kind of you sign up for grain, you start using it and you can grow and expand that, that usage.”

“So we have we have several hundred paying accounts and then across that, you know, we have a lot of users per account. And so we right now are we have well over 10,000 that have signed up for the product.”

“So on an account basis, we have it, you, it ends up being at about a three percent conversion rate on the new companies that come in and that are getting into a paid account.”

“We're about 50, 50 between people who are on unlimited and people who are on pro.”

“Oh, absolutely. I mean, for us, the growth rate is continuing to grow and increase. We've just been, just begun to tap the market. And so we're absolutely on track for that, that being our goal this year.”

“So once you've established that there's a core use case for Grape, we found a less than a 10% churn rate there across time. And we've had those teams for well over a year now.”

“So grain, once you harvest it and store it, never improves in quality. It goes downhill.”

“The Indian government is not active in all aspects of agriculture. They are primarily active in, in grains, much more so than in horticulture. They are Active in fertilizer and sugar. And then when you move away from that and you move towards you know, when yo…”

“It took me three years to find out the right use case in IOT, Internet of Things. And grain seemed to be the right place with A very easy, competitive landscape.”