Prediction Not checkable as stated
Cropin hits $2.4M ARR and projects $4.5M by March 2019
“So we are at 2.4, and our visibility is to close it at 4.5 million a hour.”
Prediction Not checkable as stated
Cropin expects pipeline customers to sign contracts exceeding $1M ARR
“So there are two, three, five, six customers we are talking to, two, three customers will convert, and the ticket size are going to be a north of a million dollar.”
Assertion Supported
Kumar: Cropin counts McCain, ITC, Philip Morris, and Syngenta as enterprise clients
“For example, we work with companies who are into farm farm production, like McCain, ITC Philip Morris, Syngenta.”
Assertion Partly supported
McCain uses Cropin to manage 100,000 global potato growers
“For example, if you look at McCain, McCain does potato growing for their chips making. They engage in the background, a lot of farmers to grow the potato. So, but the company will pay our pay to us, but they will use our platform to manage their 100,000 grower…”
Assertion Not checkable as stated
Cropin international customers pay an average of $50k per year
“So if you look at our international, international customers pay us on an average you know, 50,000 dollars, some customers have a hundred K, 200 K dollars also.”
Assertion Not checkable as stated
Cropin Indian enterprise customers pay an average of around $13k annually
“And if you look at Indian businesses, they are somewhere around 13,000 dollars on an average. But again, there are customers who are at the enterprise level paying more, more than that.”
Assertion Not checkable as stated
Kumar: Revenue from banks accounts for close to 10% of Cropin's total
“Close to 10%.”
Assertion Not checkable as stated
Kumar: Cropin closed fiscal 2018 at $1.5 million ARR
“So we closed at 2018. We closed March 31st. We closed at 1.5.”
Assertion Not checkable as stated
Kumar: Cropin has enterprise customers paying $300,000 in annual recurring revenue
“There are customers who are paying 300 K as well in our as a error. I mean on the yearly basis.”
Assertion Supported
Kumar: Syngenta deploys Cropin software across 20 countries
“Syngenta is a multi-million dollar company. They are using our product in 20 countries.”
Disclosure
Cropin: Enterprise pilots start at $10k-$40k and expand to $100k-$200k
“There are customers who have signed up pilots of, let's say, 30 K, 40 K grants, and 10 K grants also. But they have a potential to, they are enterprise client, they are validating the product, and they will scale up to a hundred K, 200 K, depending on number o…”
Disclosure
Cropin bills per enterprise farm manager, not per individual farmer
“User is a, you know, farm farm manager who is managing, say, a hundred, hundred farmers under his portfolio.”
Assertion Not checkable as stated
Cropin manages 3.2M acres and 2.1M farmers across 29 countries
“So you guys so far have digitized nearly 3.2 million acres of farmland, enriching the lives of nearly 2.1 million farmers. So those are all the farmers managed by the managers at McCain or your other enterprise customers, in addition to creating a footprint in…”
Disclosure
Cropin Raises $8M Series B, Reaching $12M Total Capital Raised
“So this round we raised eight million dollars total. We have raised for twelve million dollars.”
Assertion Not checkable as stated
Cropin Develops AI Models to Predict Crop Yields in Nigeria
“We are building those models to detect and predict. So we can predict crops in Nigeria, 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 base…”
Assertion Not checkable as stated
Kumar: Cropin maintains a 1% monthly revenue churn rate
“So, you know, if you look at our value churn is one percent... I think it's monthly.”
Disclosure
Kumar: Cropin customer acquisition cost is $5,000 to $6,000
“CAC will be somewhere around, you know close to 5000 dollar 5000 dollar to 6000 dollar.”
Disclosure
Kumar: Cropin achieves eight-month CAC payback period
“Eight months.”
Assertion Not checkable as stated
Cropin Reaches 150 Full-Time Employees
“A 150 people.”
