abhi ramesh net worth 2021

In 2020, Misfits Market shipped 77 million pounds of food to more than 400,000 households across the US. Altair Prep provides a data-driven platform to learn about technology, analyze new technological trends, and produce a personalized and dynamic testing curriculum for its students. I reassured get a kick out of opening the box too. "We're not cheaper because we're lower quality. Abhi honeybee estimated Net Worth is $100K to $300K USD. Signing on for every shift, 6 a.m., 3 p.m., and midnight, Ramesh checked in and gave Covid safety updates. Ramesh Ramakrishnan. By providing your email address, you agree to our Terms of Service and Privacy Policy. We want to service the entire country in every single zip code in every single state and get food to people who dont have access today. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. FTEAS is a national practice preparing fiduciary/court accountings for banks, law firms, family offices, and professional and individual trustees and executors across the country. Clubhouse, saying 'cheugy' and everything else we should leave in 2021. Insights you need, delivered. Abhi was Co-Founder at StoreTok, and Co-Founder at Altair Prep. Tiene 58 aos (en 2021). Leveraging our proprietary methodologies and using our holistic approach to protect, grow and improve your family enterprise, we can work with you to develop and implement a plan for growth, capital strategy, generational transition and shareholder liquidity. I live in Northern Westchester county and am surrounded by apple farms- if you ever need someone to work with you up this way. More from Forbes 30 Under 30 - Social Entrepreneurs 2020 List. Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Hence, Abhi Ramesh believes that sustainability is not only admirable but it also has a great deal of profit. Cookie Notice For example, he said the company recently purchased 50,000 bottles of perfectly good olive oil where the labeling was just angled the wrong way.. Net worth - taken from the Forbes billionaires list, assets, revenues, and other financial metrics. In less than three years, the company has provided a revenue stream of more than $155 million to the 60 farms it works witharound the U.S. DynoSafe Net Worth, Founder, Shark Tank Deal, Current Status (Updated), Tavon Austin Net Worth, Biography, Wiki, Career (Updated), Jose Torres El Ray De Alto Mando Net Worth, Biography, Wiki, YouTube Channel (Updated), Ashley Almanza Net Worth, Biography, Wiki, Career (Updated), Ashley Snowden Net Worth, Biography, Wiki, Career (Updated), Balenciaga Net Worth, History, Founder, Current Status (Updated), Hermes Net Worth, History, Clients, Growth (Updated). Abhi Ramesh Founder, Misfits Market Philadelphia, Pennsylvania About Abhi Ramesh Misfits Market is a subscription service for "ugly" organic produce and is designed to break the cycle of. "Despite the country's economic hiccups, the combined net worth of India's 100 wealthiest stood at a whopping $479 billion, a rise of 26 percent from $374 billion in 2016," Forbes said in a statement on its website. Its crazy because these rules have existed for the past 70-90 years, ever since the modern grocery store popped up. For more information about our organization, please visit ey.com. Abhi honeybee is a social media personality, content creator, and YouTuber. There, he led a team that included students from the Wharton School. It operates from two warehouses and is in the process of launching a third one soon, offering almost half a million square feet of refrigerated square space across the country. Ramesh Babu - Barber Net Worth 2023. For us, we just have to scale our fulfillment centers, which is easier said than done.. "It was chaotic on the demand side.". Grocery store buyers work off of pieces of paper passed down from grocery chains that say, When youre buying gala apples, heres the diameter and coloring were looking for. They send these sheets to farms, and the farmers look at a set of two to three rules on size, color, and shape. How a Day of Apple-Picking Led to a $2 Billion Startup on a Mission to Feed the Hungry. Pueblo natal. Net Worth in 2021: $1 Million - $5 Million . We consider ourselves to be an affordable online grocery store, starting with produce. Meet the Serbian journalist who knows the 'noble' side of Novak Djokovic, Dubai Duty Free Tennis: Daniil Medvedev wins third title in three weeks, UN nuclear chief says Iran visit could produce 'important agreements', F1 Bahrain Grand Prix: Verstappen on pole ahead of teammate Perez, Look: Bollywood stars Kiara Advani and Kriti Sanon open Women's Premier League cricket, From Mexico with love: Dubai Duty Free Tennis is No.1 says Alicia Silva, Watch: Bollywood star Sushmita Sen talks about how she survived major heart attack, Banks in Mena should do more on climate risk data, new reportsays. His net worth has been growing significantly in 2020-2021. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate. This Indian business tycoon's net worth is around $2 billion. I think this is the most common misconception that people have about our business. 2023 Forbes Media LLC. Abhi Ramesh is the CEO and founder of Misfits Market, a direct-to-consumer online grocery marketplace focused on sustainability, affordability and accessibility. Abhi Ramesh co-founded Altair Prep, which is an educational technology company. VP & CFO at Federal Agricultural Mortgage. Im waiting everyday until you come to our state! Abhi Ramesh is an Indian technology entrepreneur and businessman, who then moved to Atlanta. In 1999, she finished her studies and started focusing on her career. Until it could grow its staff, Misfits Market wasn't equipped to meet the unprecedented demand. But its actually a very healthy source of complex carbohydrates with enough protein. A: Romanesco is one that I didnt even know itexistedas a real vegetable. Its really important that farmers are paid for the hard work they do. The reasons why stores wont accept that produce on their shelves are often very irrational, Ramesh, founder and CEO, says. Net worth. So it didn't meet it: During the first wave of the pandemic, the company shut down its website checkout page so that new customers couldn't sign up. Would it have gone to food banks? Here, he explains more about the Misfits mission, why we put down roots in Philadelphia, and the one veggie that absolutely blows his mind. According to the company,it diverted 128 million pounds of food from the trash heap in 2021 alone. On The Web. Ramesh says that Misfits Market now has two fulfillment centers and more than 900 employees who work to serve about 250,000 customers across the . Mr. Ramesh holds a B.S. Abhi Ramesh is currently Founder and Chief Executive Officer at Misfits Market - View - Misfits Market org chart. They also chooseapreferred delivery day and a weekly or every-other-week subscription. Instead of focusing only on their end customer, theyve managed to create a dynamic solution that also supports food suppliers at every level.. Misfits Market's Facebook Page. Even if you went to a grocery store, you could feed a small family for a week on that amount of money. Delanco, New Jersey. Q: Whats the most surprising thing youve learned about ugly produce? Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Abhi Ramesh is CEO/Founder at Misfits Market Inc. See Abhi Ramesh's compensation, career history, education, & memberships. The way we ship is also dramatically different. Ramesh Babu's net worth, height, age, weight, affair, relationship, family, movie update, and more are highlighted below. Why do we look at apples based on their size as opposed to whether theyre fresh or taste good? I want to work with you, I want to get this veggies to every single household. As a longtime Philadelphia resident, he had beenincreasingly interested in the issue of food deserts--areas where groceries, particularly fresh produce, are not widely available for purchase. At the same time, Misfits Market had to figure out how to meet that demand logistically--and how to ensure that its warehouse workers stayed safe amid the spread of Covid. The business has grown substantially since then. "So that's when the flywheel really starts to work." Here, he explains more about the Misfits mission, why we put down roots in Philadelphia, and the one veggie that absolutely blows his mind. The way Misfits Market operates is by sending weekly refrigerated trucks to farmers to pick up food which the farmers know wouldnt be acceptable to grocery stores, which gets brought to the Misfits Market warehouse where it gets sorted. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. Were going into the food supply chain, finding all of these massive issues that are resulting in waste across different parts of the food system, and turning them into opportunities for affordability and accessibility for any household across the country. Sometimes when Im lazy, Ill just bake a sweet potato and take some avocado and stir it into a mash. This is how Misfits Marketsworks: Customers select organic, non-GMO produce and add-on items from such brands asBob's Red Mill, Kashi, and Amy'sto reach a $30 order minimum. We have estimated Abhi Talwalkar's net worth, money, salary, income, and assets. What can I do? All Rights Reserved. By Kellie Walker. "It took the better part of the past three years and a lot of capital," he says. Get in touch to learn more. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets. The operational side of things wasn't any less challenging. A:For me, the per-person static is most alarming: On average, each individual American wastes $3000-5000 annually by buying food that goes uneaten. A successful initial public offering (IPO) involves intensive planning and effort, both before and after the IPO date. Q: What inspired you to start Misfits? Bloomberg reports its valuation tops $1 billion putting it into unicorn territory. Melody. If there is anything I can do to assist you please let me know. indio. Share it in a comment below and your question could be featured in a future blog post! COVID-19 has upended customer demand and supply chains, as well as historical forecasting methods. I love this concept, and I would be a loyal customer if youd deliver to suburban Atlanta! I love my boxes! you should recycle the boxes.. someway to send it back>>> seems a waste of material. The startup, based in Philadelphia, is valued at $2 billion after a $225 million round led by SoftBank Vision Fund 2, the company said. Abhi Talwalkar's income source is mostly from being a successful . Thats another reason why I cared so much about starting something in the food world that was also health-related. in international studies from The Wharton School at the University of Pennsylvania. Ajinkya deo. EY Family Enterprise Business Services support enterprising families in their quest to grow larger, more valuable businesses that will last. A connected, responsive and insightful approach to private clients. img source: thebetterindia.com. "We had to build a [customer] waitlist, and for a while, it was a manual file that we'd have to export into our database," Ramesh says. How Chinese tech companies took over the world in 2021. The new round was led by Accel and D1 Capital, with participation from Valor Equity Partners, Greenoaks Capital, Sound Ventures, Third Kind Ventures and others. Gary Gensler's top moments on crypto in 2021. This 20-something Atlanta native sat down (briefly, he's always on the go!) Category: Richest Celebrities Actors Net Worth: $30 Million Date of Birth: Feb 5, 1976 (47 years old) Place of Birth: Mumbai Gender: Male Height: 6 ft (1.85 m) Profession: Mr. Ramesh founded Misfits Market in 2018, building a new food value supply chain that solves the many inefficiencies across the food system. Do Not Sell or Share My Personal Information. Shipping for both companies costs around $5 per box. First up is our CEO and founder, Abhi Ramesh. Direct-to-consumer models arent anything new in the food industry, but the approach Misfits Market has taken is, Sweeney said in a statement. Abhi Ramesh was the consultant at Operation HOPE. Abhi Ramesh. Unlike many food banks, the company has sophisticatednetworks and logistics that help it easily deliver food to charitable foundations. Our hands-on private equity value creation leaders work at pace to help private equity firms and sponsors deliver their investment case by accelerating cash and profit improvements from ideation to results. A business accelerating program for Black and Latino founders, designed to scale their businesses by equalizing access to resources, connections and capital. I am glad that people think about it this way, though, because it shows that we have customers that care. in International Studies. Hinduja and Lakshmi Mittal (left to right). Misfits Market founder and CEO Misfits Market Online grocery platform Misfits Market, founded in 2018 by Under 30 honoree Abhi Ramesh, announced today that it has raised a $200M Series C, thus. Were aggregating all of the supply between hundreds of different farms so we can provide that pipeline and donate a portion to food banks. The server encountered an error and could not complete your request. With our decades of experience helping companies go public, we can help you get ready for the big day and beyond. Will His AI Plans Be Any Different? money. The company says this brings its total funding to $301.5 million and moves its valuation into unicorn territory (i.e. Bakers Edge Net Worth; What Happened After Shark Tank Deal? Which is ridiculous, because that waste could feed multiple people over the course of a year. Its amazig that you started this! Abhi Ramesh is an Indian native who moved to Atlanta. Q: If you were a Misfit veggie, what would you be? Dave Mortach Net Worth How Much Retirement Expert Earns. document.write(new Date().getFullYear()); Looking at his career, Abhi honeybee first uploaded a video titled Indian Alladin picks up Jasmine on OMEGLE on Jan 26, 2022. A. Founder and CEO Abhi Ramesh told me that the Delanco, New Jersey-based startup has expanded beyond produce into a variety of grocery categories. All rights reserved. In 2020, the company grew by five times in active customers and order volume, as more people started to embrace online grocery delivery. No one is really thinking through why these outdated rules exist. glad we have a small part of it. I am a pretty terrible cook, but I try my best! But Misfits Market wasn't an obvious success. Misfits Market is a direct-to-consumer e-commerce platform which buys produce from farmers that couldnt be sold to stores for a bunch of very aesthetic reasons (produce that is too big, too small, shaped a little bit weird or has discolorations) and sells it to subscribers on its platform at a discounted price. The company was founded in June 2018, and it sells and delivers organic fruits and vegetables, considered ugly by farmers, at a cheap rate. "I saw just firsthand how much food goes to waste at the farm level. I guess there is no question here, just a great company, quality produce at an amazing price!! This was my first grower experience and it was just crazy to me that all this waste happens at a single small farm. Know. A: A lot of the time we think of ugly produce as something weird or misshapen. The rollout of vaccines in 2021 eased some of the operational hardships, but challenges linger. Online grocery platform Misfits Market, founded in 2018 by Under 30 honoree Abhi Ramesh, announced today that it has raised a $200M Series C, thus becoming a unicorn (the company didnt disclose the post-round valuation). There, he studied the economic effects on a house-level of a rain insurance program which was introduced by the ICIC of India and the World Bank. When I was apple picking, I got really bored and saw that a bunch of the apples that had fallen from the tree, were a little misshapen, or had some spots on them. While the company's business model is focused on getting that food to paying customers, Ramesh is also dedicated to addressing systemic issues of food access and affordability. Since launching in 2018 , . "It costs us the same amount to ship a box to you no matter what's in it," Ramesh says. A little later on, I asked the farmer about what happens to the apples that he stored in the coolerthere were thousands of them! Romanesco, celery root ( my favorite), , the list goes on. Save my name, email, and website in this browser for the next time I comment. "We set out with a lofty goal of saying we want to eradicate food deserts by 2025," Rameshsays. Founded just two and a half years ago by Penn grad Ramesh, the company has passed the 9-digit in annual revenue threshold, grew 5x YoY from 2019 to 2020, and it serves 400,000 customers every month over 37 states. Abhi Rameshs net worth is estimated to be around $1 billion. His most famous organization, Misfits Market, was founded in 2018, and it delivers ugly but edible fruits and vegetables at cheap rates. But what surprised me is that, for each piece of produce youve ever seen, eaten, or bought, there are very stringent size and even color constraints. "While the Indian billionaire factory continued to churn out new names from diverse sectors, the price of entry rose to a record high. Shamlal Ahamed. EY helps clients create long-term value for all stakeholders. The funding round was co-led by Accel and D1 Capital, with participation by existing investors including Valor Equity Partners, Greenoaks Capital, Sound Ventures, and Third Kind Ventures. Here's how it took on the pandemic moment. Bloomberg's Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. To maximize investor returns at exit, begin with an Initial Public Offering (IPO) exit readiness strategy. The temptation to expand into other product categoriesled to some backtracking in the company's early days. Balwani served as COO and president of Theranos, the disgraced blood testing company. remember settings), Performance cookies to measure the website's performance and improve your experience, Marketing/Targeting cookies which are set by third parties with whom we execute marketing campaigns and allow us to provide you with content relevant to you. If the problem persists, please report your problem and mention the error message. In the first four months of. One day, at an orchard, he noticed that some misshapen apples were set aside to be discarded rather than . What was your favorite way to cook Romanesco? Returning to his career, Abhi honeybee joined YouTube on Dec 28, 2021, and his first video was uploaded on Jan 26, 2022, titled Indian Alladin picks up Jasmine on OMEGLE. The latest quarter tends to have missing data since not all companies may have reported their shareholding data till now. Cant wait to have something similar in south east Virginia ! Misfits Market, a startup known for selling ugly fruits and vegetables at discount prices, announced this morning that it has raised $200 million in Series C funding. . His lofe story teaches us . I hope Misfits Market succeeds in every way. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. Net Worth in 2021: $1 Million - $5 Million: Salary . We bring together extraordinary people, like you, to build a better working world. I have always hated the idea of these foods being wasted. Misfits Market Imperfect CEO to eventually step down Online grocery orders shot up in 2020 at the onset of the pandemic. Signo de zodiaco. Its so crazy to look at the fact that its real is mind boggling to me. China's nationalistic cancel culture was out of control in 2021. As per corporate shareholdings filed for March 31, 2021, Ramesh Damani publicly holds 1 stocks with a net worth of over Rs. Ramesh thinks so. A Division of NBC Universal, How Abhi Ramesh built a $1 billion start-up called Misfits Market. The pettiest tech moments of 2021. In addition, she makes $1,059,382 as Exec. Nacionalidad / Ciudadana. Q: Whats the most shocking fact about food waste youve come across? Tom Rosenbauer Net Worth, Biography, Wiki, Orvis (Updated), Adenike Ogunlesi Net Worth, Biography, Ruff n Tumble (Updated), Aaron Tredwell Net Worth, Biography, Wiki, Career (Updated), Aarron Lambo Net Worth, Biography, Wiki, Career (Updated). But he also brought homea business idea. EY has been the global IPO leader for the last 10 years, and EY transaction teams work with 60% of the global PEI 300 and 18 of the 20 largest PE funds in North America. Packaging prices are up, andwarehouse space is near impossible to come by. That means residents dont have access to fresh food and healthy eating options so its a meaningful place of us to start this. Abhi Ramesh also attended the Huntsman Program in International Studies and Business at the University of Pennsylvania. He is from . Paras Shahdadpuri. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Please let me Inthe next six months, the company expects to double its product offerings. Nombre de nacimiento / nombre real. Abhi Ramesh Founder & CEO at Misfits Market Published Feb 27, 2023 + Follow In April 2021 Jeff Bezos wrote his last annual shareholder letter before stepping down from the CEO role at Amazon,. He focussed on increasing financial literacy and raising economic awareness among the students in various high schools in West Philadelphia. in Economics and B.A. Side note: Aside from veggies, Iloveice cream. Ms Ramesh owns over 1,845 units of Federal Agricultural Mortgage stock worth over $1,066,376 and over the last 3 years she sold AGM stock worth over $0. Your ambition is the beating heart of your business. This is a BETA experience. Abhi Ramesh - Incoming Investment Banking Analyst - Lazard | LinkedIn Join now Sign in Abhi Ramesh Student at the University of Michigan Columbus, Ohio Metropolitan Area 601 followers 500+. to answer some of your questions. EYs unique talent, technology and ecosystem meets the needs of private companies to tackle challenges and power progress. Seeking the ambitious entrepreneurs building a more equitable, sustainable and prosperous world for all. Image Credits: Misfits Market, Fortunately, because we operate our own fulfillment centers and we have our own internal tech built around this, we were not constrained by the same constraints that physical grocery stores have, where we have to close at 9 p.m. every day, where we have to make room for regular foot traffic and Instacart shoppers, he said. And then there's the big question: With vaccines widely available, will customers still want to order their groceries online? First, our growers are benefiting because were getting things off of their hands that they usually wouldnt be able to get rid of at a fair price. Something tells us you would appreciate our newsletter: dinner ideas, pics of funny fruit, and a bunch of other useful stuff. We work with a variety of farms and try to focus on small- and medium-sized farms, not massive commercial farms and growers. They just dont do it. I get a box every other week and it forces me to get creative and cook. Dow Jones & Company, Inc. All Rights Reserved. Its more meaningful when you break it down to a single household or customer. In fact, it was just one of many businesses started by its 29 year old founder Abhi Ramesh. "We had to master produce first," Ramesh says. All Rights Reserved. In addition to that, Abhi Ramesh worked as a research assistant at Wharton Business and Public Policy. All rights reserved. Posted on 2021-02-19. A:No. Founder & CEO. A:The original inspiration came from a funny apple picking experience with some friends at a farm in Pennsylvania that Misfits actually works with now. Identifying ambitious women entrepreneurs and provides them with the advice, resources and access they need to unlock their full potential. Misfits Market. Misfits Market is an online grocery delivery service that sells "ugly" organic produce for cheap. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. The biggest tech Twitter trends of 2021. So, how much is Ramesh Ranganathan worth at the age of 43 years old? Cybersecurity, strategy, risk, compliance and resilience, Value creation, preservation and recovery, Explore Transactions and corporate finance, Climate change and sustainability services, Strategy, transaction and transformation consulting, Real estate, hospitality and construction, How blockchain helped a gaming platform become a game changer, How to use IoT and data to transform the economics of a sport, M&A strategy helped a leading Nordic SaaS business grow. A: One of the gigantic six-pound misfit sweet potatoes. Abhi Ramesh is the founder and Chief Executive Officer of Misfits Market, founder of Altair Prep, and co-founder of Horizons School of Technology. EY | Assurance | Consulting | Strategy and Transactions | Tax. Elizabeth Holmes Business Partner Sunny Balwani Sentenced To 13 Years In Prison, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. I look forward every week to to see what Im getting! How could we make this a better place? Most produce doesn't make it from farms to grocery-store shelves because of logistics. The company buys its inventory at a discount from farmers andsellsto customers with price cuts up to 40 percent less than what they'd pay at a traditional grocery store. Didnt you have to have interested customers or did you have to have the product first? Have you wondered about the people behind the boxes of funny fruits and veggies youre getting? 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Please refer to your advisors for specific advice. Misfits Market raises $85 million Series B to send you ugly fruits and veggies. Thats when I noticed someone actually coming along, grabbing those apples, and putting them in this separate giant bin, to be stored in a cooler. Accels Ryan Sweeney is joining Misfits board of directors. EY Family Office Advisory Services provide a holistic approach to your legacy preservation. to answer some of your questions. If their crop doesnt meet those constraints at the farm level, theyll basically just toss it in a separate bin and wont even bother sending it to the grocery store. I am sharing this with everyone I know. Top Indian Business Leaders In The Middle East 2021 Ahsan Shabbir 2021-01-26T07:36:09+00:00. In addition to cookies that are strictly necessary to operate this website, we use the following types of cookies to improve your experience and our services: Functional cookies to enhance your experience (e.g. Venture capital can accelerate a companys path to hyper growth. How Abhi Ramesh built a $1 billion start-up called Misfits Market Misfits Market is an online grocery delivery service that sells "ugly" organic produce for cheap. 2023 Galadari Printing and Publishing LLC. Through working directly with farmers and producers to rescue food that might otherwise go to waste, the company has saved over 228 million pounds of food and has delivered $155 million as a new stream of rescue revenue to farmers and producers. A:By building Misfits, we can create a win-win situation for everyone involved. Apples, for example, may be discarded simplybecausethey're too small or too big to meet standardmeasurements. Perhaps out of all his business ventures, Misfits Market is the most famous business venture founded and owned by Abhi Ramesh. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. For example, its taking its first orders from Oregon and Washington today, and Ramesh said his goal is to be shipping to 100% of ZIP codes in the 48 lower states in the next 12 months. In the first four months of 2021 alone, Misfits Market has rescued the same amount of food as it saved in 2020 as a whole. For Abhi Ramesh, value is found in what others have cast aside as waste, and sustainability is profitable rather than merely admirable. "Then, all the existing forces in the grocery space push you in the direction of standardization, which is what drove the inefficiency in the first place.". The revenue model is such that the company charges a weekly subscription fee (as low as $22 per week small box and $34 for a large box), and the customers additionally pay for however much produce they decide to order (according to Ramesh, they are 20%-50% cheaper than a brick and mortar store). Virtual reality and sports seem like polar opposites. How To Get A First Job If You Arent LinkedIn, By The Numbers: Meet The Forbes Under 30 Class Of 2023, This College Dropouts $200 Million Company Is Changing How Gen Z Buys Underwear, How This Under 30 Lister Is Helping Patients And Big Pharma Find The Right Doctors, Charli And Dixie DAmelio Turned TikTok Fame Into A Billionaire-Backed Personal Brand That Hinges On Their Personal Lives, From Charli DAmelio To XQC: Meet The Forbes Top Creators, The Company Transforming Seeweed Into Yarn And Other Upcyclers.

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