Gradi, Inc. December 2024 - Q1 + April 2025 Investor Update:

Hello everyone,

Below are the updates for December 2024 - Q1 + April 2025:

General:

With a heavy heart, we were unable to secure a definitive agreement after signing the $10M seed-round term sheet.
The iOS/Android consumer app has been halted due to immigration restrictions affecting a few of our team members.

Team:

Bharath, Shubh, and Preveen (all on H-1B visas) can no longer continue working with us due to immigration restrictions.
Luat is no longer involved due to a lack of motivation and passion for the product and recent team changes.
Jackie has left the team; she was unwilling to continue on equity alone after the seed round fell through.
Manfred has joined our team as Interim CFO to drive revenue, steer strategic growth, and support fundraising efforts.
- Experience:
  - Over 15 years of experience in financial management, strategic planning, and operations across startups and high-growth organizations.

In the Works:

Exploring legal options and associated costs to enable team members impacted by immigration restrictions to resume contributing.
Evaluating outsourcing partners to continue development while keeping costs low.
Researching AI-driven tools to build a consumer-app MVP capable of menu-item photo uploads.
Praveen is in the process of getting his green card.

Gradi Menus:

Goals for 2025:

Launch Gradi Consumer Apps for iOS and Android, introducing consumer profiles that allow users to take and upload pictures of their menu items. (Exploring MVP route to launch)
Implement Google Ads on the Gradi Consumer App for Android
(NEW) Implement 1st party ads on the Gradi Consumer App for iOS & Android
(NEW) Launch Gradi Partner app
Begin paying users for the content (menu item photos) that they contribute
Scale Gradi Consumer App to users nationwide (No QR Code Menus Needed)
Increase Revenue & Profitability
(NEW) Grow toward acquisition

While our goals for 2025 remain unchanged, we are adapting our strategies to continue working toward achieving them.

Please reach out if you have any questions or concerns.

Thank you.

Sincerely,

Zachary Dowthitt

Chief Executive Officer

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