4.6 • 683 Ratings
🗓️ 30 March 2020
⏱️ 19 minutes
🧾️ Download transcript
Krishna Kumar, Founder and CEO of CropIn Technology Solutions, has made it possible to enable data-driven farming by connecting all the stakeholders in the agri ecosystem. CropIn is a leading global full-stack ag-tech organization that provides SaaS solutions thus enabling businesses to utilize technology to effectively drive their initiatives around Digitization, Predictability, Risk Management, Compliance, Sustainability and Traceability. With robust solutions that are crop and region agnostic, CropIn has so far digitized nearly 3.2 million acres of farmland, enriching the lives of nearly 2.1 million farmers in addition to creating a footprint in 29 countries globally. Krishna is also a 'BusinessWorld 40 Under 40 Achiever 2018'.
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0:00.0 | He's now helping farmers be more productive, serving about 185 companies that manage millions and millions of farmers. |
0:06.3 | He's doing about $200,000 per month right now, our $2.4 million run rate. |
0:10.0 | Just raised an $8 million around $12 million in the company to date, 150 people in Bangalore and other remote locations. |
0:14.8 | 1% revenue churn per month. |
0:16.7 | They make that back up with expansion. |
0:18.0 | So north of 100% net revenue retention each year, spending five grand to get a new company like McCain. Again, that's managing all these |
0:24.5 | farmers with an eight-month payback period. Hello, everyone. My guest today is Krishna Kumar. He's |
0:29.4 | the founder and CEO of Cropin Technology Solutions. He's made it possible to enable data-driven |
0:33.6 | farming by connecting all the stakeholders in the agri ecosystem. Cropin is a leading global full stack ag tech organization that provides SaaS solutions, |
0:40.7 | thus enabling businesses to utilize technology to effectively drive their initiatives around |
0:44.1 | digitization, predictability, risk management, compliance, sustainability, and traceability. |
0:48.7 | All right. |
0:49.5 | Christian, are you ready to take us to the top? |
0:51.4 | Sure. |
0:52.2 | All right, very good. |
0:52.9 | So tell us specifically what the company does and what's your revenue model. How do you make top? Sure. All right, very good. So tell us specifically what the company does and |
0:55.9 | what's your revenue model. How do you make money? Yeah, so, you know, Gropin is a full stack |
1:00.9 | active company and we work with B2B. We are SaaS B2B company and we work with all the |
1:07.0 | businesses who are interacting with the farmer for their business. |
1:18.5 | For example, we work with companies who are into farm production like McCain, ITC, |
1:20.5 | Philip Morris, Singenta. |
1:25.5 | We also work the input side of the businesses who are trying to sell chemicals and fertilizers to the farmer where they want to manage the farmer from the |
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