Sramana Mitra: Can you talk about what those bottlenecks are that can be tackled with IT? When you say AgTech, I take it that you are talking about information technology as it applies to agriculture?
Francisco Jardim: When we say AgTech, we mean the entire agribusiness value chain, which represents approximately 22% to 24% of our GDP. This includes all technologies or improved methodologies to increase yields from planting and soil fertility, all the way to how we deliver food products to end consumers.
>>>Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Francisco Jardim was recorded in November 2019.
Francisco Jardim is Founding Partner at SP Ventures, a Brazilian firm focused on AgTech in Latin America. We learned a lot about what’s happening in the sector and the region.
>>>Sramana Mitra: One question that arises from this discussion that I would like to explore is, how do you view long sales cycle enterprise deals? It sounds like the kind of technology that you like the most are these deep technologies catering to large enterprise customers where there is typically a long sales cycle.
If you’re doing little deals, you can get into some amount of recurring revenue quickly. You can start showing MRR.
>>>Sramana Mitra: What sized checks do you write?
Karthee Madasamy: Right now, we write between $1 million and $3 million. We may go up to $4 million. We keep about one-to-one reserve for follow-on. We can lead a round. For larger Series A’s, we follow.
Sramana Mitra: If it’s a $1 million check, you can do that yourself?
>>>Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Karthee Madasamy was recorded in December 2019.
Karthee Madasamy is Founder and Managing Partner at Mobile Foundation Ventures. He discusses issues related to startups selling deep tech to enterprises.
>>>Karthee Madasamy is Founder and Managing Partner at Mobile Foundation Ventures. He discusses issues related to startups selling deeptech to enterprises.
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In case you missed it, you can listen to the recording here:
During this week’s roundtable, we had as our guest Karthee Madasamy, Founder and Managing Partner at Mobile Foundation Ventures. Karthee and I discussed issues related to startups selling deeptech to enterprises.
Find Me Parking
As for pitches, first up today was Prashant Patil from Pune, India, pitching a concept-stage app for real time parking availability.
Cyber2bee Technologies
Next, Prem Kumar from Tamil Nadu, India, pitched Cyber2bee Technologies, an attempt to go against players like BigBasket in e-commerce.