Gradi, Inc. Q3 + October & November 2024 Investor Update

Hello everyone,

Below are the updates for Q3 + October & November 2024,

General:

• Signed a $10M seed round term sheet valuing the company at $40M. We are actively moving forward with the next steps. Further details will be shared soon.

• Before the seed round term sheet was signed, we also raised an additional $50K through convertible notes.

Gradi Consumer App:

• Gradi (Consumer App) Rebuild/Relaunch (Development):

  • Completed menu item upload process

  • Completed personal account profile

  • Completed menu item grading process

  • Explore page (In Progress) 

  • Menu item details page (In Progress) 

  • Search engine, filters, and sorting (In Progress) 

  • Menu item submissions/moderation admin panel (In Progress)

• Gradi (Consumer App) Rebuild/Relaunch (UI/UX Design):

  • Search Page Options:

• Menu Item Page:

• Uploader (Other User Profile):

• Location Profile:

• My Profile:

• Saved Menu Items:

• Sign Up (In Progress):

Gradi Menus:

• All-Time Menu Visits: 980,000+ (5% Growth)

• Currently being maintained as we double down on launching the next update for the Gradi consumer app.

Team:

• Engineering:

  • We have brought on Shubh, who will lead all AI initiatives while reporting to Bharath, our CTO. He has agreed to be compensated with equity for now, with the intention of transitioning to a full-time salary as soon as possible.

    • Shubh (Lead AI Engineer):

      • Has a dual degree in Mathematics and Computing from the Indian Institute of Technology (IIT), widely considered India's equivalent to MIT

      • Lives in Houston, Texas

      • Has startup experience

      • Has worked at Microsoft

• Product & Design:

  • We have brought on Jackie, who will lead Product & Design while reporting to Zachary, our CEO. She has agreed to be compensated with equity for now, with the intention of transitioning to a full-time salary as soon as possible.

    • Jackie (Director of Product & Design):

      • Has a B.S. in Human Systems Engineering from Arizona State University

      • Multidisciplinary UX/UI designer with 7+ years of experience leading product design teams and driving product strategy

      • Lives in Los Angeles, California

      • Has startup experience

• Business Development:

  • Unfortunately, Ryan, our sales manager, did not work out. As a result, we have chosen to double down on launching the next update for the Gradi consumer app.

• Org Chart (Updated):

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. (In the works, NEW Estimated Target Launch Date: February 14th)

• 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

Please reach out if you have any questions or concerns.

Thank you.

Sincerely,

Zachary Dowthitt

Chief Executive Officer

(C) 713.854.1627