425

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 19, 2022

KludeIn I Acquisition Corp.

(Exact name of registrant as specified in its charter)

Delaware	001-39843	85-3187857
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1096 Keeler Avenue

Berkeley, California 94708

(Address of principal executive offices, including zip code)

Registrant’s telephone number, including area code: (650) 246-9907

Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☒ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Units, each consisting of one share of Class A Common Stock and one-half of one Redeemable Warrant	INKAU	The Nasdaq Stock Market LLC
Class A Common Stock, par value $0.0001 per share	INKA	The Nasdaq Stock Market LLC
Warrants, each exercisable for one share of Class A Common Stock for $11.50 per share, subject to adjustment	INKAW	The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

KludeIn I Acquisition Corp., a Delaware corporation (“KludeIn”), intends to file with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4 (as may be amended from time to time, the “Registration Statement”) in the coming weeks, which will include a preliminary proxy statement of KludeIn and a prospectus in connection with the proposed business combination transaction involving KludeIn and Near Intelligence Holdings, Inc., a Delaware corporation (“Near”). The definitive proxy statement and other relevant documents will be mailed to stockholders of KludeIn as of a record date to be established for voting on the Business Combination. Stockholders of KludeIn and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus, and amendments thereto, and the definitive proxy statement/prospectus in connection with KludeIn’s solicitation of proxies for the special meeting of stockholders to be held to approve the Business Combination because these documents will contain important information about KludeIn, Near and the Business Combination. KludeIn stockholders and other interested persons will also be able to obtain copies of the Registration Statement and the proxy statement/prospectus, without charge, once available, on the SEC’s website at www.sec.gov or by directing a request to KludeIn by contacting its Chief Financial Officer, Mini Krishnamoorthy, c/o KludeIn I Acquisition Corp., 1096 Keeler Avenue, Berkeley, California, telephone (650) 246-9907.

Item 7.01 Regulation FD Disclosure.

As previously disclosed, on May 18, 2022, KludeIn entered into an Agreement and Plan of Merger (as may be amended or supplemented from time to time, the “Merger Agreement”) with Near, Paas Merger Sub 1 Inc., a Delaware corporation and wholly owned subsidiary of KludeIn (“Merger Sub 1”), and Paas Merger Sub 2 LLC, a Delaware limited liability company and wholly owned subsidiary of KludeIn (“Merger Sub 2” and, together with Merger Sub 1, the “Merger Subs”). Unless otherwise defined herein, the capitalized terms used below have the meanings given to them in the Merger Agreement (the “Business Combination”).

On May 19, 2022, Near and KludeIn issued a corrected press release announcing the execution of a Merger Agreement, including certain terms relating to the proposed Business Combination, certain of which are set forth below. A copy of the corrected press release is furnished as Exhibit 99.1 hereto.

● Near would have a post-transaction pro forma market capitalization of nearly $1 billion, assuming there are no redemptions by KludeIn’s public stockholders and a successful private placement of $95 million of KludeIn common stock prior to the consummation of the transaction.

● The transaction is expected to generate approximately $268 million of gross proceeds, assuming there are no redemptions by KludeIn’s public stockholders and a successful private placement of $95 million of KludeIn common stock prior to the transactoin.

KludeIn has also secured a $100 million committed equity financing facility from CF Principal Investments LLC.

● Merger consideration is $675 million subject to adjustment for debt, working capital and certain transaction expenses. Near’s existing equity holders, including Sequoia Capital, Telstra Ventures, J.P. Morgan, and Greater Pacific Capital, have agreed to convert 100 percent of their ownership stakes into equity of the post-closing company. The current Near shareholders are expected to own approximately 68 percent of the post-closing company, assuming there are no redemptions by KludeIn’s public stockholders and a successful private placement of $95 million of common stock prior to consummation of the transaction.

Attached as Exhibit 99.2 is a news article concerning the Business Combination.

Attached as Exhibit 99.3 is the corrected investor presentation (the “Investor Presentation”) that will be used by KludeIn and Near, in connection with the Business Combination.

Attached as Exhibit 99.4 is the script to the Investor Presentation (the “Script”) that will be used by KludeIn and Near in conference calls to discuss the Business Combination.

The foregoing information (including the exhibits hereto) is being furnished pursuant to Item 7.01 and will not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise be subject to the liabilities of that section, nor will it be deemed to be incorporated by reference in any filing under the Securities Act or the Exchange Act.

Additional Information and Where to Find It

KludeIn and Near will file relevant materials with the SEC including the Registration Statement on Form S-4 to be filed by KludeIn (the “Registration Statement”), which will include a prospectus with respect to KludeIn’s securities to be issued in connection with the Business Combination, and a proxy statement of KludeIn (the “Proxy Statement”), to be used at the meeting of KludeIn’s stockholders to approve the proposed mergers and related matters. INVESTORS AND SECURITY HOLDERS OF KLUDEIN ARE URGED TO READ THE REGISTRATION STATEMENT, ANY AMENDMENTS THERETO AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT NEAR, KLUDEIN AND THE BUSINESS COMBINATION. When available, the Proxy Statement contained in the Registration Statement and other relevant materials for the Business Combination will be mailed to stockholders of KludeIn as of a record date to be established for voting on the proposed business combination. Investors and security holders will also be able to obtain copies of the Registration Statement, including the Proxy Statement contained therein, and other documents containing important information about each of the companies once such documents are filed with the SEC, without charge, at the SEC’s web site at www.sec.gov.

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Forward-Looking Statements

This report contains, and certain oral statements made by representatives of KludeIn and Near and their respective affiliates, from time to time may contain, “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. KludeIn’s and Near’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “anticipate,” “believe,” “budget,” “continues,” “could,” “expect,” “estimate,” “forecast,” “future,” “intend,” “may,” “might,” “strategy,” “opportunity,” “plan,” “possible,” “potential,” “project,” “will,” “should,” “predicts,” “scales,” “representative of,” “valuation,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, KludeIn’s and Near’s expectations with respect to future performance of Near, anticipated financial impacts of the Business Combination (including future revenue, pro forma enterprise value and cash balance), the anticipated addressable market for Near, the satisfaction of the closing conditions to the Business Combination, the future held by the respective management teams of KludeIn or Near, the pre-money valuation of Near (which is subject to certain inputs that may change prior to the Closing of the Business Combination and is subject to adjustment after the Closing of the Business Combination ), the level of redemptions of KludeIn’s public stockholders and the timing of the Closing of the Business Combination. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside the control of KludeIn and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; (2) the inability of KludeIn to obtain transaction financing between the date of the Merger Agreement and the Closing, or a default by one or more of investors on its commitment in connection with any financing, and KludeIn’s failure to find replacement financing; (3) the inability to consummate the Business Combination in a timely manner or at all, including due to failure to obtain approval of the stockholders of KludeIn or other conditions to the Closing in the Merger Agreement, which may adversely affect the price of KludeIn’s securities; (4) delays in obtaining or the inability to obtain any necessary regulatory approvals required to complete the Business Combination; (5) the risk that the Business Combination may not be completed by KludeIn’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by KludeIn; (6) the ability to maintain the listing of KludeIn’s securities on a national securities exchange; (7) the inability to obtain or maintain the listing of KludeIn’s securities on Nasdaq following the Business Combination; (8) the risk that the Business Combination disrupts current plans and operations as a result of the announcement and consummation of the Business Combination; (9) the ability to recognize the anticipated benefits of the Business Combination and to achieve its commercialization and development plans, and identify and realize additional opportunities, which may be affected by, among other things, competition, the ability of Near to grow and manage growth economically and hire and retain key employees; (10) costs related to the Business Combination; (11) changes in applicable laws or regulations, and Near’s ability to comply with such laws and regulations; (12) the effect of the COVID-19 pandemic on KludeIn or Near and their ability to consummate the Business Combination; (13) the outcome of any legal proceedings that may be instituted against Near or against KludeIn related to the Merger Agreement or the Business Combination; (14) the enforceability of Near’s intellectual property, including its patents and the potential infringement on the intellectual property rights of others; (15) the risk of downturns in the highly competitive industry in which Near operates; (16) the possibility that KludeIn or Near may be adversely affected by other economic, business, and/or competitive factors; and (17) other risks and uncertainties to be identified in the Registration Statement (when available) relating to the Business Combination, including those under “Risk Factors” therein, and in other filings with the SEC made by KludeIn. KludeIn and Near caution that the foregoing list of factors is not exclusive, and caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Readers are referred to the most recent reports filed with the SEC by KludeIn. None of KludeIn or Near undertakes or accepts any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based, subject to applicable law.

Participants in the Solicitation

KludeIn, KludeIn Prime LLC and Near and their respective directors and officers and other members of management and employees may be deemed participants in the solicitation of proxies in connection with the proposed Business Combination. KludeIn stockholders and other interested persons may obtain, without charge, more detailed information regarding directors and officers of KludeIn in the final prospectus of KludeIn filed with the SEC on January 8, 2021, the Registration Statement and other relevant materials filed with the SEC in connection with the proposed Business Combination when they become available. These documents can be obtained free of charge from the sources indicated above.

No Offer or Solicitation

This communication shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination. This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the proposed transactions or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act, or a valid exemption from registration thereunder.

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Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Corrected Press Release, dated May 19, 2022.
99.2	News Article, “Data intelligence firm Near to go public via $1 billion SPAC deal”, dated May 19, 2022.
99.3	Corrected Investor Presentation
99.4	Script to Investor Presentation
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: May 19, 2022

KLUDEIN I ACQUISITION CORP.
By:	/s/ Narayan Ramachandran
	Narayan Ramachandran
	Chief Executive Officer

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EX-99.1

Exhibit 99.1

Near, a Global Leader in Privacy-Led Data Intelligence, to go Public on Nasdaq via a Merger with KludeIn I Acquisition Corp.

● Near is among the largest full-stack intelligence providers of aggregated anonymized data on people’s behavior around places, with 1.6 billion unique user IDs, in over 70 million places across 44 countries.

● Near would have a post-transaction pro forma market capitalization of nearly $1 billion, assuming there are no redemptions by KludeIn’s public stockholders and a successful private placement of $95 million of KludeIn common stock prior to the consummation of the transaction.

● The transaction is expected to generate $268 million of gross proceeds, assuming there are no redemptions by KludeIn’s public stockholders and a successful private placement of $95 million of KludeIn common stock prior to the consummation of the transaction.

● KludeIn has also secured a $100 million committed equity financing facility from CF Principal Investments LLC.

PASADENA, Calif., May 19, 2022 /PRNewswire/ --Near Intelligence Holdings Inc., a global SaaS leader in privacy-led data intelligence on people, places and products (“Near” and, following the completion of the transaction, the “Company”), and KludeIn I Acquisition Corp. (NASDAQ: INKA) (“KludeIn”), a publicly traded special purpose acquisition company, announced today that they have entered into a definitive business combination agreement that will result in Near becoming a publicly listed company with a post-transaction pro forma market capitalization of nearly $1 billion, assuming there are no redemptions by KludeIn’s public stockholders and a successful private placement of $95 million of common stock prior to the consummation of the transaction.

Upon closing, the Company is expected to be named “Near Intelligence, Inc.” and its common stock is expected to trade on The Nasdaq Stock Market under the ticker symbol “NIR”. The Company will be headquartered in Southern California, with global offices and coverage in EMEA, Asia Pacific and Southeast Asia and continue to be led by Anil Mathews, Founder and CEO of Near.

Founded in 2012, Near helps businesses better understand consumer behavior to unlock growth strategies. Near’s data intelligence solutions serve both operational and marketing data leaders whether their consumers are shopping, traveling, dining, visiting places or buying products.

Near’s data universe curates one of the world’s largest sources of intelligence on people, places and products and comprises 1.6 billion unique user IDs, in over 70 million places across 44 countries. Strategic and exclusive data sets and partnerships with customers enables Near to aggregate multiple data sources across data types and use the learnings to better understand consumer behavior using the company’s AI-driven modeling.

“Enterprises around the world have trusted Near to answer their critical questions that help drive and grow their business for more than a decade. The market demand for data around human movement and consumer behavior to understand changing markets and consumers is growing exponentially and now is the time to accelerate the penetration of the large and untapped $23 billion TAM,” stated Anil Mathews, Founder and CEO of Near. “Going public provides us the credibility and currency to double-down on growth and to continue executing on our winning flywheel for enhanced business outcomes over the next decade.”

“I am thrilled to partner with Anil and the entire team at Near as they continue to help global enterprises better understand consumer behavior and derive actionable intelligence from their global, full-stack data intelligence platform,” said Narayan Ramachandran, Chairman and CEO of KludeIn. “We believe this merger is highly compelling based on the diversified global customer base, superior SaaS flywheel and network effects of Near’s business; highlighted by the company’s strong customer net retention.”

Transaction Overview

Merger consideration is $675 million subject to adjustment for debt, working capital and certain transaction expenses.  Near’s existing equity holders, including Sequoia Capital, Telstra Ventures, J.P. Morgan, and Greater Pacific Capital, have agreed to convert 100 percent of their ownership stakes into equity of the Company.  The current Near shareholders are expected to own approximately 68 percent of the Company, assuming there are no redemptions by KludeIn’s public stockholders and a successful private placement of $95 million of common stock prior to consummation of the transaction.  The transaction is expected to generate gross proceeds of approximately $268 million, assuming there are no redemptions and a successful private placement of $95 million of common stock prior to the consummation of the transaction.  In addition, KludeIn has executed a $100 million committed equity financing facility (the “CEF Facility”) with CF Principal Investments LLC (“CFPI”), an affiliate of Cantor Fitzgerald L.P. (“Cantor”). Under the terms of the CEF Facility, CFPI has committed to purchase, after the closing of the transaction, up to an aggregate of $100 million of common stock from time to time at the Company’s request.

Additional information about the proposed transaction, including a copy of the definitive agreement and an investor presentation, has been included in a Current Report on Form 8-K filed by KludeIn with the Securities and Exchange Commission (“SEC”) on May 19, 2022, and available at www.sec.gov.

Investor Webcast Information

Near and KludeIn held a joint investor conference call to discuss the proposed transaction on May 19,2022 at 2:00 PM ET. The conference call, as well as an associated investor presentation, can be accessed on the KludeIn website here: https://www.kludein.com/spac or Near’s website here: http://www.near.com/investors.

Advisors

Kirkland & Ellis LLP is serving as legal advisor to Near. Cantor Fitzgerald & Co. is serving as capital markets advisor to KludeIn and Ellenoff Grossman & Schole LLP is serving as legal advisor to KludeIn. DLA Piper LLP (US) is serving as legal advisor to Cantor. King and Spalding LLP acted as legal counsel to CF Principal Investments LLC in connection with the CEF Facility.

About Near

Near, a global SaaS leader in privacy-led data intelligence, curates one of the world’s largest sources of intelligence on people, places, and products. Near processes data from over 1.6 billion unique user IDs, in over 70 million places across 44 countries to empower marketing and operational data leaders to confidently reach, understand, and market to consumers and optimize their business results. With offices in Los Angeles, Silicon Valley, Paris, Bangalore, Singapore, Sydney and Tokyo, Near serves major enterprises in retail, real estate, restaurants, tourism, technology, marketing, and other industries. For more information, please visit https://near.com

About KludeIn

KludeIn I Acquisition Corp (NASDAQ: INKA) is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with a business. KludeIn is focused on partnering with a high-quality software or technology-enabled growth business serving consumers or enterprises. For more information, please visit http://www.kludein.com

Additional Information and Where to Find It

In connection with the proposed business combination (the “Business Combination”), KludeIn intends to file with the SEC a Registration Statement on Form S-4 (as amended, the “Registration Statement”), which will include a preliminary proxy statement/prospectus of KludeIn, in connection with the Business Combination and related matters. After the Registration Statement is declared effective, KludeIn will mail a definitive proxy statement/prospectus and other relevant documents to its shareholders. KludeIn’s shareholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus, and amendments thereto, and definitive proxy statement/prospectus in connection with KludeIn’s solicitation of proxies for its shareholders’ meeting to be held to approve the Business Combination and related matters because the proxy statement/prospectus will contain important information about KludeIn and Near and the proposed Business Combination.

The definitive proxy statement/prospectus will be mailed to shareholders of KludeIn as of a record date to be established for voting on the proposed Business Combination and related matters. Shareholders may obtain copies of the proxy statement/prospectus, when available, without charge, at the SEC’s website at www.sec.gov or by directing a request to: KludeIn I Acquisition Corp., 1096 Keeler Avenue, Berkeley, CA 94708.

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No Offer or Solicitation

This communication is for informational purposes only and is neither an offer to sell or purchase, nor a solicitation of an offer to sell, buy or subscribe for any securities, nor is it a solicitation of any vote in any jurisdiction pursuant to the Business Combination or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law.

Participants in Solicitation

This communication is not a solicitation of a proxy from any investor or securityholder. KludeIn, KludeIn Prime LLC (KludeIn’s Sponsor), Near and their respective directors, officers and other members of their management and employees may be deemed to be participants in the solicitation of proxies from KludeIn’s shareholders with respect to the proposed Business Combination and related matters. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of the directors and officers of KludeIn or Near in the proxy statement/prospectus relating to the proposed Business Combination when it is filed with the SEC. These documents may be obtained free of charge from the sources indicated below.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements in this communication are “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this report, words such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential” or “continue”, or variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.

These forward-looking statements and factors that may cause actual results to differ materially from current expectations include, but are not limited to: the inability of the parties to complete the transactions contemplated by the definitive agreement relating to the Business Combination in a timely manner or at all; the risk that the Business Combination may not be completed by KludeIn’s initial business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by KludeIn; the outcome of any legal proceedings that may be instituted against KludeIn or Near, the Company or others following the announcement of the Business Combination and any definitive agreements with respect thereto; the inability to satisfy the conditions to the consummation of the Business Combination, including the minimum cash condition and the approval of the Business Combination by the shareholders of KludeIn; the inability to consummate the private placement of $95 million of common stock on terms satisfactory to the parties, or at all; the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive agreement relating to the Business Combination; changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the Business Combination; the ability to meet stock exchange listing standards following the consummation of the Business Combination; the effect of the announcement or pendency of the Business Combination on Near’s business relationships, operating results, current plans and operations of Near; the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things, competition, the ability of the Company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; changes in applicable laws or regulations; the possibility that KludeIn, Near or the Company may be adversely affected by other economic, business, and/or competitive factors; KludeIn’s or  Near’s estimates of expenses and profitability; expectations with respect to future operating and financial performance and growth, including the timing of the completion of the proposed Business Combination; KludeIn and Near’s ability to execute on their business plans and strategy; and other risks and uncertainties described from time to time in filings with the SEC.

The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Registration Statement referenced above and other documents filed by KludeIn from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and KludeIn and Near assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise. Neither KludeIn nor Near gives any assurance that KludeIn or Near, or the Company, will achieve any stated expectations.

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EX-99.2

Exhibit 99.2

Data intelligence firm Near to go public via $1 billion SPAC deal

May 19 (Reuters) - Data intelligence firm Near has agreed to go public through a merger with a blank-check vehicle in a deal valuing it at about $1 billion, the companies said on Thursday.

Near, founded in 2012, offers data insights to companies like Ford Motor Co, Dunkin Donuts, MetLife and others.

The deal with KludeIn I Acquisition Corp will fetch $268 million in gross proceeds for Near, including a private placement of $95 million. The company also said it has secured a $100 million committed equity financing from CF Principal Investments, an affiliate of Cantor Fitzgerald.

The merger comes at a challenging time for the special purpose acquisition company (SPAC) market in the U.S. as regulatory scrutiny tightens and amid high investor redemptions.

Once Wall Street’s hottest ticket, SPACs have also seen souring sentiment due to market volatility and poor stock performance of companies that merged with them. The De-SPAC Index, which tracks some of these companies, is down over 50% so far this year.

“The reason we chose SPAC was because it was the fastest, most cost-effective and the least risky in the current market for us,” Founder and Chief Executive Officer Anil Mathews told Reuters.

The chief executive added he was not too concerned about the impact of waning enthusiasm for SPACs, because Near is a revenue-generating business “that we have built over a decade”, and has also won the backing of investors like Sequoia and JPMorgan.

SPACs are publicly listed companies that are raised with the intention of merging with a private company, which goes public through the merger.

KludeIn I Acquisition is led by Narayan Ramachandran, former chief executive of the Indian operations of Morgan Stanley .

After the deal closes, Pasadena, California-based Near will be named “Near Intelligence Inc” and expects to trade on Nasdaq under the ticker “NIR”.

EX-99.3

Exhibit 99.3

www.near.com

About this Presentation The following presentation (this “ Presentation ”) is for informational purposes only and has been prepared by Near Pte. Ltd. (“ Near ”) and KludeIn I Acquisition Corp. (“ KludeIn ”) to assist interested parties in making their own evaluation with respect to the proposed business combination between Near and KludeIn (the “ Transaction ”) and a planned private placement equity investment into KludeIn / the combined company before closing. This Presentation and the information contained herein are confidential and may not be copied, distributed or disclosed to any other person. The distribution of this Presentation may also be restricted by law and persons into whose possession this Presentation comes should inform themselves about and observe any such restrictions. The recipient acknowledges that it is (i) aware that the U.S. securities laws prohibit any person who has material, non - public information concerning a company from purchasing or selling securities of such company or from communicating such information to any other person under circumstances in which it is reasonably foreseeable that such person is likely to purchase or sell such securities, and (ii) familiar with the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder (collectively, the “ Exchange Act ”), and that the recipient will neither use, nor cause any third party to use, this Presentation or any information contained herein in contravention of the Exchange Act, including, without limitation, Rule 10b - 5 thereunder. None of Near, KludeIn or Cantor Fitzgerald & Co. (the “ Placement Agent ”) makes, and each hereby expressly disclaims, any representation or warranty, express or implied, as to the reasonableness of the assumptions made in this Presentation or the accuracy or completeness or the information, including any projections, contained in or incorporated by reference into this Presentation. None of Near, KludeIn or the Placement Agent will have any liability for any representations or warranties, express or implied, contained in, or omissions from, this Presentation or any other written or oral projections communicated to the recipient in the course of the recipient’s evaluation of Near and KludeIn. The data contained herein is derived from various internal and external sources. None of Near, KludeIn or the Placement Agent assumes any obligation to provide the recipient with access to any additional information or to update the information in this Presentation. Completion of the Transaction is subject to, among other matters, Near and KludeIn entering into a definitive agreement with respect to the Transaction and completing their due diligence investigation of the other party, approval by KludeIn’s stockholders and other closing conditions to be included in a definitive agreement. No assurances can be given that the parties will successfully negotiate and enter into a definitive agreement or that the Transaction will be consummated on the terms or in the timeframe currently contemplated, if at all. This Presentation is subject to update, completion, revision, verification and amendment. No securities regulatory authority has expressed an opinion about the securities discussed in this Presentation and it is an offense to represent or claim otherwise. The information contained herein does not purport to be all - inclusive. Nothing herein will be deemed to constitute investment, legal, tax, financial, accounting or other advice. No Offer or Solicitation This Presentation is neither an offer to sell or purchase, nor a solicitation of an offer to sell, buy or subscribe for any securities, nor is it a solicitation of any vote in any jurisdiction pursuant to the proposed Transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. 2 www.near.com Disclaimer

Forward - Looking Statements Certain statements made in this Presentation are “forward - looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995, including statements regarding the anticipated benefits of the Transaction, the anticipated timing of the Transaction, future financial condition and performance of Near and expected financial impacts of the Transaction, the satisfaction of closing conditions to the Transaction, the potential PIPE transaction, the level of redemptions of KludeIn’s public stockholders and the services and markets and expected future performance and market opportunities of Near. When used in this Presentation, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward - looking statements. Many factors could cause actual future events to differ materially from the forward - looking statements in this Presentation. These factors include, but are not limited to, those set forth on pages 46 and 47 of this Presentation, as well as other unknown risks and uncertainties described from time to time in filings by KludeIn or Near with the U.S. Securities and Exchange Commission (the “ SEC ”). KludeIn, Near and the Placement Agent each expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward - looking statements contained herein to reflect any change in KludeIn’s and Near’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. Neither Near nor KludeIn gives any assurance that either party or the combined company can or will achieve its expectations. Actual results, performance or achievements may, and are likely to, differ materially, and potentially adversely, from any projections and forward - looking statements and the assumptions on which those forward - looking statements were based. There can be no assurance that the data contained herein is reflective of future performance to any degree. You are cautioned not to place undue reliance on forward - looking statements as a predictor of future performance, as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond the control of KludeIn or Near. All information set forth herein speaks only as of the date hereof in the case of information about KludeIn and Near or the date of such information in the case of information from persons other than KludeIn or Near, and the parties and the Placement Agent disclaim any intention or obligation to update any forward - looking statements or other information as a result of developments occurring after the date of this Presentation. Projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not, and are likely not to, reflect actual results. Use of Projections This Presentation contains financial forecasts with respect to, among other things, revenue, annual recurring revenue, contribution margin, adjusted gross profit margin, adjusted EBITDA margin, and certain ratios and other metrics derived therefrom primarily for CY 21 - CY 24. These unaudited financial projections have been provided by Near’s management, and Near’s independent auditors have not audited, reviewed, compiled or performed any procedures or any due diligence with respect to the unaudited financial projections for the purpose of their inclusion in this Presentation and, accordingly, do not express an opinion or provide any other form of assurance with respect thereto for the purpose of this Presentation. These unaudited financial projections should not be relied upon as being indicative of future results. The inclusion of the unaudited financial projections in this Presentation is not an admission or representation by Near or KludeIn that such information is material. The assumptions and estimates underlying the unaudited financial projections, including the market for Near’s services and Near’s ability to raise funds if and when required, are inherently uncertain and are subject to a wide variety of significant business, economic and competitive risks and uncertainties that could cause actual results to differ materially from those contained in the unaudited financial projections. There can be no assurance that the prospective results are indicative of the future performance of Near or KludeIn or that actual results will not differ materially from those presented in the unaudited financial projections. Inclusion of the unaudited financial projections in this Presentation should not be regarded as a representation by any person that the results contained in the unaudited financial projections will be achieved. 3 www.near.com Disclaimer (Continued)

Non - GAAP Financial Measures This Presentation also includes certain financial measures not presented in accordance with U.S. generally accepted accounting principles (“ GAAP ”) including, but not limited to adjusted gross profit margin, adjusted EBITDA margin and certain ratios and other metrics derived therefrom. These non - GAAP financial measures are not measures of financial performance in accordance with GAAP and may exclude items that are significant in understanding and assessing Near’s financial results. Therefore, these measures should not be considered in isolation or as an alternative to net income, cash flows from operations or other measures of profitability, liquidity or performance under GAAP. Near’s presentation of these measures may not be comparable to similarly - titled measures used by other companies. These non - GAAP financial measures are subject to inherent limitations, as they reflect the exercise of judgments by management about which expense and income are excluded or included in determining these non - GAAP financial measures. Further, this Presentation does not include any financial statements prepared in accordance with GAAP or financial information derived from financial statements prepared in accordance with GAAP, which means that the Presentation does not show how the non - GAAP information relates to financial statements prepared in accordance with GAAP. Projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not, and are likely not to, reflect actual results. Accordingly, undue reliance should not be given to non - GAAP financial information. Certain monetary amounts, percentages and other figures included in this Presentation have been subject to rounding adjustments. Certain other amounts that appear in this Presentation may not sum due to rounding. Industry and Market Data The information contained in this Presentation also includes information provided by third parties, such as market research firms. None of KludeIn, Near, the Placement Agent or their respective affiliates nor any third parties that provide information to KludeIn or Near, such as market research firms, guarantees the accuracy, completeness, timeliness or availability of any information. None of KludeIn, Near, the Placement Agent or their respective affiliates and any third parties that provide information to KludeIn or Near, such as market research firms, are responsible for any errors or omissions (negligent or otherwise), regardless of the cause, or the results obtained from the use of such content. None of KludeIn, Near, the Placement Agent or their respective affiliates give any express or implied warranties, including, but not limited to, any warranties of merchantability or fitness for a particular purpose or use, and they expressly disclaim any responsibility or liability for direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees or losses (including lost income or profits and opportunity costs) in connection with the use of the information herein. Additional Information and Where to Find It If a definitive agreement is entered into in connection with the proposed Transaction described herein, a copy of the definitive agreement and a brief description of the Transaction will be included in a Current Report on Form 8 - K filed by KludeIn, and a full description of the terms of the Transaction will be provided in a proxy statement/prospectus for KludeIn’s stockholders, to be filed with the SEC. KludeIn urges investors, stockholders and other interested persons to read, when available, the proxy statement/prospectus, as well as other documents filed by KludeIn with the SEC, because these documents will contain important information about KludeIn, Near and the proposed Transaction. The proxy statement/prospectus will be mailed to stockholders of KludeIn as of a record date to be established for voting on the proposed Transaction. Stockholders may obtain copies of the proxy statement/prospectus, when available, without charge, at the SEC’s website at www.sec.gov or by directing a request to: KludeIn I Acquisition Corp., 1096 Keeler Avenue, Berkeley, California 94708. 4 www.near.com Disclaimer (Continued)

Participants in Solicitation KludeIn and its directors, executive officers and other members of their management and employees may be deemed to be participants in the solicitation of proxies of KludeIn stockholders in connection with the potential Transaction described herein under the rules of the SEC. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of KludeIn’s directors and executive officers in the proxy statement/prospectus relating to the proposed Transaction when it is filed with the SEC. These documents may be obtained free of charge from the sources indicated above. Miscellaneous The information contained in this Presentation is the property of Near and KludeIn. This Presentation may not be copied, published, reproduced or distributed in whole or in part at any time without the prior written consent of Near and KludeIn. The trade names, service marks, trademarks and trademark symbols used herein are the properties of their respective owners. The use and presentation of such trade names, service marks, trademarks and trademark symbols is not intended to imply any relationship with Near or KludeIn or any endorsement or sponsorship of Near or KludeIn. References in the Presentation to partnerships refer to strategic agreements and relationships which may or may not come within the legal definition of partnership and which do not necessarily give the parties rights and obligations which partners may have under applicable law. This Presentation is being delivered to you pursuant to a confidentiality agreement. By reading this Presentation, you agree to be bound by the limitations set out herein. Any failure to comply with these restrictions may constitute a violation of applicable laws. At any time upon the request of Near or KludeIn for any reason, recipient shall promptly deliver to Near or KludeIn or securely destroy this Presentation and any other documents furnished to recipient by or on behalf of Near or KludeIn without keeping any copies, in whole or part, thereof. 5 www.near.com Disclaimer (Continued)

The Data Storytellers - Bringing your Data to Life https://near.com/brand - video.mp4 6 www.near.com

Anil Mathews Founder and CEO • Serial 3rd time technology entrepreneur with expertise in enterprise software • Previous CEO at Netkode and Imere Gladys Kong Chief Operating Officer • Serial technology entrepreneur with deep - rooted experience in scaling companies • Previous CEO at UM & Go Interactive Rahul Agarwal Chief Financial Officer • Seasoned financial professional with 10 years of operational and bookkeeping experience • Previous Head of Finance at InMobi 7 www.near.com Narayan Ramachandran Chairman • Three decades of investment experience across multiple industries and asset classes • Previous Managing Director and Vice Chairman at L Catterton Asia • Previous head of Morgan Stanley India Our Presenters Shobhit Shukla Co - Founder and President • Driving technology and delivery for clients • Previously worked with Qualcomm Ventures and Morgan Stanley Sriram Raghavan Co - President • Serial entrepreneur and investor with deep domain experience in technology • Previous Managing Director at L Catterton Asia

Near Investment Highlights $23B total addressable market 1 , largely unpenetrated. Trusted independent provider of aggregated anonymized data on people and places . Marquee enterprise account wins across multiple industries. Proven and global leadership team with demonstrated execution ability. Patented 2 algorithm in stitching, enriching and helping enterprise customers derive intelligence from the Near - verse database. Rapid growth, efficient customer acquisition and margin expansion opportunities. Notes: (1) Statista: Enterprise Software Report 2020; represents 2021E (2) PROXIMA Patent granted by USPTO. Patent Number: 10.979.848 8 www.near.com

Corporate Overview 9 www.near.com

Near is a global, full stack data intelligence SaaS platform. What is Near? 10 www.near.com

Use Machine Learning and AI to make sense of this data. What is Near? The Near platform stitches and enriches data on people and places from which its customers can derive actionable intelligence to help them succeed. 11 www.near.com Bring together data on 1 . 6 B people and 70 M places . STITCH Combine 1st and 3rd party data on people and places. ENRICH MODEL Activate this data across channels and use cases. ACT Visualize and measure the results . MEASURE

Case Studies 12 www.near.com

Outcome 1 • Customer data was residing across multiple web, app and offline properties • Behavior models were built predominantly on browsing and online data • Challenges around market share and margin erosion due to strengthening Walled Gardens 3 13 www.near.com • Deployed Near’s patented technology to stitch disparate data sitting across silos • Leveraged Near’s data enrichment feature to understand customer behavior across various touchpoints e.g. online, visitation, POS, etc. • Used actionable insights to drive customer engagement and improve Lifetime Value 4 Before After 30% Expected increase in data yield for enriched customer profiles 4x+ Quarterly spend growth during 2019 - 2021 2 3000+ Customer cohorts deployed How do our Customers use Near? One of the largest global media companies Notes: (1) Outcome metrics based on customer feedback gathered during annual client review meetings and Near internal data (2) This metric shows an increase in spend from the quarter ending June 30, 2019 to quarter ending June 30, 2021 (3) “Walled Gardens” is an industry term (reference: https:// www.techopedia.com/definition/2541/walled - garden - technology ) (4) “Lifetime Value“ is an industry term (reference: https:// www.qualtrics.com/experience - management/customer/customer - lifetime - value/ )

How do our Customers use Near? One of the largest global commercial real estate companies • Relied on archaic methodologies for footfall analysis and competitor intelligence • Datasets were static over time • Limited ability to wrangle data constrained the insights that could be derived • Deployed Near’s product to understand human mobility across their and competing properties • Use cases expanded to trade area analysis, cross shopping behavior analysis, revenue cannibalization forecast, site development analysis and tenant acquisition • Results were achieved through the software without them having to invest heavily in building their own data science/analytics capabilities Before After 14 www.near.com Outcome 1 10% Expected increase in rental revenues on average for property owners 14 Countries where data is used to provide value to customers 800K+ Places analyzed across 3 continents Notes: (1) Outcome metrics based on customer feedback gathered during annual client review meetings and Near internal data

Market and Product 15 www.near.com

Offline • Demographic • Asset ownership • Family members Transaction • Spend patterns • Online transactions • Lifestyle Online • Social, search behavior • Ride sharing • OTT Mobility • Apps, Wi - Fi • Work, home location • Places visited Geospatial • GPS, telecom networks • Footfall, events • Unique building shapes, weather Mobility • Pathing • Places visited • Catchment areas Point of Sale • In - store transactions • Visitation trends • Dwell times Marketing intelligence Operational intelligence Data Sources – Primarily People data Data Sources - Primarily Places data Key use - cases Customer engagement, segmentation, competitive assessment and targeted marketing 16 www.near.com Typical use - cases and customers Brands/marketers Chief marketing officers of Business - to - Consumer companies and publishers are key customers Industry Primarily consumer focused verticals, such as consumer packaged goods, banking, finance, retail and technology Key use - cases Trade area dynamics, site selection, supply chain optimization and route planning Enterprise CXOs Chief technology officers, chief information officers and chief digital officers Industry Across verticals, including B2B, B2C, such as tourism, real - estate, government (e.g., smart cities) Near Products Designed to Enhance Customer Revenue and Return on Investment

Current TAM of $23B 1 Marketing Intelligence Operational Intelligence Near’s Products Work in a Consolidating and Fast - growing Market Software platform for data enrichment Large repository of place insights Predictive Analytics & Competitor Intelligence 17 www.near.com Actionable intelligence for marketers Audience Curation & ROI Measurement Note: (1) Statista: Enterprise Software Report 2020; represents 2021E. TAM refers to Total Addressable Market

Enterprise Data Stitch 1 Enrich 2 3 Act Demographics Brand Affinity / Purchase Behavior Work Location / Employment Details Search / Social Behavior Stores, Zip Codes and Cities Places PROXIMA • Site Selection • Competitor Intelligence • Trade Area Dynamics • Supply Chain Optimization BI/Visualization Platforms: Carto ESRI Tableau Alteryx Power BI Near’s Full - stack Data - sync, Intelligence, and Activation for Enterprise • 360 Degree Customer Journey • Customer Engagement • Competitor Conquesting • Attribution ROI Activation Platforms: Adobe Salesforce Google The Trade Desk Tealium Visitation / Footfall Trends Pathing – Before and After Trade Area / Home Locations Dwell Time / Distance Travelled Consumers, Segments and Audiences People 18 www.near.com Note: (1) PROXIMA Patent granted by USPTO. Patent Number: 10.979.848

Near’s Customer Base Demonstrates that its Products Deliver 100+ enterprise clients globally, with significant expansion opportunity Tourism and Travel Over 50 major travel destinations globally, including Retail Over 10 Fortune 500 retailers and global brands Restaurants Over 20 global and national chains, including top 50 QSR brands in the US, including Automotive Fortune 500 auto manufacturers, global oil companies, and top US automotive service company International brokerage and Fortune 500 commercial real estate services and investment firms, including Government and Public Services State and local governments, public transportation and universities, including Media and Technology Fortune 500 and global media companies, including International financial services and investment companies, including Real Estate 19 www.near.com Financial Services

$50M ARR 1 60% YoY Growth 2 133% Current NRR 3 70%+ Adjusted Gross Margins 5 81% Net Promoter Score 4 9.4 Customer Satisfaction Rating 4 Near’s Key Business Metrics Indicate a Business on the Move 20 www.near.com Notes: (1) ARR refers to the annualized revenue run rate estimated based on quarter ending December 31, 2021 (2) YoY Growth measured for revenue based on quarter ending June 30, 2021 as compared to quarter ending June 30, 2020 (3) NRR is calculated as the percentage of revenue retained from existing customers, including expansion revenue, downgrades and churn, measured for trailing twelve moths as of September 30, 2021 and compared to September 30, 2020. NRR has been calculated on a 4 - quarter rolling average basis to smooth out the effect of COVID - 19 (4) Net Promoter Score and Customer Satisfaction Rating based on a study conducted by a top three global consulting firm at Near's request (5) Adjusted Gross Margins reflects margin calculated by deducting Cost of Revenues from Total Revenues, without considering any depreciation and amortization for the quarter ending September 30, 2021

Near has Strong Privacy and Compliance Practices Annually audited by Fully secure and isolated data clean room to protect 1P data 21 www.near.com Data flow : Consent based data management process protecting user privacy 1 Continuous monitoring of privacy trends across geographies protecting users from potential privacy losses Ongoing investment and leadership in data privacy and regulation creates a competitive advantage for Near Notes: (1) Data Suppliers aggregate before provision; company captures limited PI. Privacy Compliant Product Solutions

Near’s Expansion Opportunities Retail and CPG BFSI Technology Product use case: Identifying the next product line for retail brands; Targeting customers of rival chains Product use case: Suppressing insurance ads with people - based search Product use case: Measurement and attribution, identity resolution - MarTech vendors; Data enrichment - CDPs Communication Manufacturing and Auto Product use case: Personalizing in - app ads to give subscribers specific recommendations Product use case: Site selection for capacity expansion; Keeping faulty parts recall targeted and low 22 www.near.com

The Winning Flywheel 23 www.near.com

Near’s Data Network Effect - our Winning Flywheel (1/3) HIGH QUALITY DATA AT SCALE • 1.6B unique user IDs, 70M+ places across 44 countries • Strategic/exclusive data - pipes and partnerships with customers (including relationships with top publishers providing access to their 1P data) has enabled Near to aggregate multiple data sources across data types • Patented PROXIMA ID gathers deterministic signals from disparate data sources to build a robust ID graph DATA ACCESS 24 www.near.com BUSINESS OUTCOMES ACQUISITION AND RETENTION

Near’s Data Network Effect - our Winning Flywheel (2/3) IMPROVED CLIENT BUSINESS OUTCOMES • Offers full stack solutions (Allspark, Vista) for marketing and operational use - cases from data stitching to measurement • High degree of customization for specific use - cases with best - in - class UI/UX • Patented IDR solution , PROXIMA delivers consistent accuracy even in the absence of Permanent Identifiers ACQUISITION AND RETENTION 25 www.near.com DATA ACCESS BUSINESS OUTCOMES • Near’s full stack platform provides ~3x higher match rate 1 than point solution providers Note: (1) Match Rate calculations based on a study conducted by a top three global consulting firm at Near's request

Near’s Data Network Effect - our Winning Flywheel (3/3) BETTER CUSTOMER ACQUISITON & RETENTION • Excellent account management capability and deep customer relationships • Offers custom solutions based on data maturity for operational intel • More customers imply more data which improves overall performance , thus creating strong network effects BUSINESS OUTCOMES 26 www.near.com ACQUISITION AND RETENTION • Results in strong ARR & NRR metrics DATA ACCESS

The Team & Org 27 www.near.com

Proven Leadership Team with Cohesive Vision and Diverse Skillsets Anil Mathews Founder and CEO • Responsible for driving overall strategy and growth • Previously served as CEO of Imere and Netkode - both tech - driven organizations 28 www.near.com Shobhit Shukla Co - Founder & President • Driving technology and delivery for clients • Previously worked with Qualcomm Ventures and Morgan Stanley Gladys Kong Chief Operating Officer • Responsible for global operations • Previously served as CEO of UberMedia and Go Interactive Rahul Agarwal Chief Financial Officer • Leads strategic finance, investor relations and corporate development • Previously worked with InMobi and PwC Justin Joseph Chief People Officer • Responsible for fostering culture and growing its talent pool • Previously served with Imere and Netkode - both tech - driven organizations Madhu Therani Global Chief Technology Officer • Responsible for tech, data and product strategy • Previously worked with Autonomy, Reputation.com and Salorix John Faieta Global Finance Controller • Responsible for global accounting • Previously served as CFO of UberMedia and Controller at eSolar

Near’s Talent and Pedigree for Success Engineering & Science ~60% of the team strength Product, Marketing & Customer Success teams: • In LA, SF, NY, Paris, Singapore, Tokyo, Sydney • Alums from from CMU, USC, Caltech, IIMs Bangalore, India • 35 member R&D team led by LSE alum • 9 member AI & Machine Learning team Los Angeles, USA • 29 member Engineering team led by Caltech alum • A lean and solid 4 member Data Science team Note: Numbers included as value above refers to employee counts as on end of Q1 2022 29 www.near.com

Near’s Significant Global Presence New York 7 Bangalore 118 Tokyo 1 Singapore 3 Sydney 8 Paris 22 London 1 Los Angeles 86 2012 Established Year 30 www.near.com USD $134Mn Raised to date Presence Strong presence in USA, EUR, SEA, ANZ, JPN 1.6 Billion Unique User IDs Across 44 Countries 70 Million+ Places Global Data Intelligence Platform Unmatched Scale Marquee Investors Note: Numbers included as value next to above locations on the map refers to employee counts as on end of Q1 2022

Key Financial Metrics 31 www.near.com

Revenue Growth 41% CY20P – CY21E Annual Revenue Run - rate (ARR) Adjusted Gross Margin $50M CY21E 71% CY21E Net Revenue Retention (NRR) Revenue / SaaS Client ~120% CY21E – CY24E 32 www.near.com $353K CY21E Across 122 clients Near’s Financial Highlights Note: (1) E – Estimates ; P – 2020P presents CY2020 on a pro forma basis reflecting the acquisitions in France and the US

Attractive Financial Characteristics Attractive Revenue Mix with High Revenue Retention • 40% revenue CAGR (’20P – ’24E) as a result of new customer wins and existing customer upsells • Majority recurring revenue driven by Near’s highly attractive SaaS - based revenue model Robust Margin Profile and Cash Flow Generation • 70%+ Adjusted Gross Profit Margins expected to grow with further optimization and economies of scale • Adjusted EBITDA Margin expansion as a result of operating leverage $33 $46 $62 $91 $127 $39 $50 $75 $101 $141 2020P 2021E 2022E 2023E 2024E Revenue ARR Adjusted Gross Profit Margin 1 Adjusted EBITDA Margin 2 Revenue and ARR Growth All figures as of CYE ending 12/31; $M $21 $33 $44 $66 $94 66% 71% 72% 72% 73% 2020P 2024E 2021E 2022E Adjusted Gross Profit 2023E % Margin - $12 - $16 - $8 $3 (36%) 2% 2020P 2024E - $21 2021E 2022E Adjusted EBITDA 2023E % Margin 33 www.near.com High Growth Business with Attractive Financial Profile Notes: (1) Adjusted Gross Profit Margin reflects margin calculated by deducting Cost of Revenues from Total Revenues, without considering any depreciation and amortization for the respective quarters (2) Adjusted EBITDA Margin reflects margin calculated by excluding any one - time transaction related expenses for the business combination (3) E – Estimates ; P – 2020P presents CY2020 on a pro forma basis reflecting the acquisitions in France and the US

Strong Contribution Margin leading to high Operating Leverage • Existing business has profitable contribution economics, which supports investing in GTM and sales growth and scaling existing markets • 45% Contribution Margin after deducting Cost of Revenue (COR) and S&M expenses 2 from revenue in CY21E • Every additional topline $ is expected to contribute ~45 cents Attractive Economics Delivering Strong Contribution Margin 1 100% (29%) 71% (26%) 45% Annual Revenue 34 www.near.com Cost of Revenue Gross Profit Margin Sales & Marketing Opex CY21E CM Notes: (1) Contribution Margin (CM) is calculated as quotient of difference of gross profit less total sales and marketing expense, divided by revenue (2) S&M expenses relates to all expenses incurred by the Company on account of sales and marketing activities

Recurring Revenue Split by Geography 51% 65% 70% 66% 68% 20% 15% 14% 17% 16% 29% 19% 17% 17% 16% 2020P 2021E 2024E 2022E 2023E Americas Europe APAC Near’s Focus on Growth has Visibility with Strong Underlying KPIs Revenue Bridge ($M) $46 $15 $1 $62 $27 $2 $91 CY21E Revenue Existing + New Client Project / POC Revenue CY22E Revenue Existing + New Client Project / POC Revenue CY23E Revenue Net Growth Net Growth Net Revenue Retention (Y - o - Y) 35 www.near.com 101% 133% 121% 2020P 2021E 2022E Note: E – Estimates ; P – 2020P presents CY2020 on a pro forma basis reflecting the acquisitions in France and the US

Near’s Key Use of Funds SaaS Flywheel Accelerate the SaaS flywheel and data - network effects to maximize the organic growth trajectory New Use Cases Penetrate large opportunity sectors such as retail, real estate and media Product Expansion Drive customer expansion with new features and products adjacent to the core offerings Inorganic Growth Continue to acquire value accretive assets with differentiated products/data to unlock long - term synergies 36 www.near.com

Transaction Overview 37 www.near.com

Transaction Summary Pro Forma Valuat ion ($M) 1 • Near to merge with KludeIn at a pro forma fully diluted enterprise value of $753M (8.3x CY 2023 Revenue) • Existing Near shareholders are rolling over 100% of their equity and will retain ~68% pro - forma ownership • Transaction will result in approximately $268M of gross proceeds Sources and Uses ($ M) 1 Notes: (1) Assumes no KludeIn stockholders have exercised their redemption rights to receive cash from the trust account. This amount will be reduced by the amount of cash used to satisfy any redemptions. (2) Assumes successful completion of Transaction financing (as defined in the merger agreement) in the amount of $95M, which represents the minimum cash condition (as defined in the merger agreement), in the form of a private placement of common stock of KludeIn prior to the consummation of the Business Combination (3) Assumes a nominal share price of $10.00. Ownership excludes impact of warrants and management performance plan of 8% after transaction close. (4) Assumes the issuance of common stock in any anticipated PIPE financing (1) (2) Source of Capital Amount % Seller Rollover Equity Shares $660 71% SPAC Cash in Trust $173 19% PIPE $95 10% Total Sources $928 100% 68.0% 17.8% 4.4% Pro Forma Ownersh ip 3 9.8% Near Rollover Equity SPAC Public Stockholders Sponsor Promote Anticipated PIPE Proceeds (4) Use of Capital Amount % Cash to Surviving Company Balance Sheet Seller Rollover Equity Shares Transaction Expenses (Estimated) $233 $660 $35 25% 71% 4% Total Uses $928 100% 38 www.near.com Pro Forma Capitalization Shares Outstanding 97 Share Price $10 Post Money Market Cap $971 ( - ) Net proceeds from Transaction $233 (+) Net Debt $15 Post Money Enterprise Value $753

Compelling Valuation Represents an Attractive Entry Point Business Intelligence SaaS Artificial Intelligence SaaS Marketing SaaS High Growth SaaS Notes: (1) These metrics represent the Average EV/Revenue/ and Average EV/Revenue/Growth for each comp category Please refer to Disclaimers for definitions of Non - GAAP and Key Financial Ratio / Metrics details Peers selected based on management’s judgement and may not be fully comparable to Near. Source: Public Market Data from Capital IQ CY 2023 EV/Revenue 1 Average: 8.3 7x CY 2023 EV/Revenue/Growth 1 Average: 0.25 x 8.29x 6.70x 9.29x 6.16x 11.34x 0.18x 39 www.near.com 0.25x 0.22x 0.24x 0.30x Near Business Artificial Intelligence Ma rketing Software High Growth SaaS Near Business Intelligence Artificial Intelligence Ma rketing SaaS High Growth SaaS Intelligence SaaS SaaS SaaS

47% 27% 43% 25% 37% 72% 78% 74% 81% 77% Attractive Financial Model Favors Comparably to Peers CY 2022 Revenue Growth Average: 42% Notes: (1) Near’s Gross Margin refers to Adjusted Gross Profit Margins as highlighted previously in the Key Financial Metrics section Please refer to Disclaimers for definitions of Non - GAAP and Key Financial Ratio / Metrics details Peers selected based on management’s judgement and may not be fully comparable to Near. Source: Public Market Data from Capital IQ Business Intelligence SaaS Artificial Intelligence SaaS Marketing SaaS High Growth SaaS CY 2023 Gross Margin Average: 79% CY 2022 Gross Margin 1 Average: 77% CY 2023 Revenue Growth Average: 33% 34% 31% 58% 34% 48% 73% 40 www.near.com 79% 77% 82% 78% Near Business Intelligence Artificial Intelligence Mark eting High Growth SaaS SaaS Near Business Intelligence Artificial Intelligence Mark eting SaaS High Gr owth Near Business Artificial Intelligence Intelligence Mark eting SaaS High Gr owth Near Business Intelligence Artificial Intelligence Mark eting SaaS High Growth SaaS SaaS SaaS SaaS SaaS SaaS SaaS SaaS SaaS SaaS SaaS

• $23B TAM and growing Near’s Investment Summary Large total addressable market, mostly unpenetrated. • 1.6B Datapoints • 44 Countries Covered 41 www.near.com One of the largest database provider of aggregated anonymized data of people and places. • 9 Patents • Multi - year head start on gathering unique datapoints Patented algorithm in stitching, enriching and helping enterprise customers derive intelligence from the Near - verse database. • 122 Recurring Customers • 120% NRR CY21E - CY24E Marquee enterprise account wins across multiple industries . • 41% CY20P - CY21E revenue growth • Maintain 70%+ Gross Margin Rapid growth, efficient customer acquisition and margin expansion opportunities. • Seasoned Team made up of IIM and Caltech alums. Proven & global leadership team with demonstrated ability in execution. Note: Please refer to Disclaimers for definitions of Non - GAAP and Key Financial Ratio / Metrics details

Appendix 42 www.near.com

www.near.com Comparable Companies – Revenue Growth Benchmarking 43 CY 2022E Revenue Growth CY 2023E Revenue Growth 34% 31% 18% 21% 40% 30% 34% 94% 15% 28% 27% 22% 37% 44% 28% 38% Near ZoomInfo Workiva Domo Amplitude Palantir C3.AI Snowflake Adobe Hubspot SEMrush Holdings Qualtrics DataDog Docusign TradeDesk MongoDB 47% 30% 16% 19% 38% 28% 34% 64% 15% 25% 24% 21% 34% 29% 26% 31% Near ZoomInfo Workiva Domo Amplitude Palantir C3.AI Snowflake Adobe Hubspot SEMrush Holdings Qualtrics DataDog Docusign TradeDesk MongoDB Business Intelligence SaaS Artificial Intelligence SaaS Marketing SaaS High Growth SaaS Note: Source: Public Market Data from Capital IQ

www.near.com 44 CY 2022E Gross Margin 1 Comparable Companies – Gross Margin Benchmarking 72% 88% 77% 74% 29% 78% 62% 89% 82% 78% 78% 57% 78% 82% 70% 72% Near ZoomInfo Workiva Domo Amplitude Palantir C3.AI Snowflake Adobe Hubspot SEMrush Holdings Qualtrics DataDog Docusign TradeDesk MongoDB 73% 88% 78% 78% 29% 78% 71% 89% 83% 78% 80% 37% 80% 82% 73% 72% Near ZoomInfo Workiva Domo Amplitude Palantir C3.AI Snowflake Adobe Hubspot SEMrush Holdings Qualtrics DataDog Docusign TradeDesk MongoDB Note: (1) Near’s Gross Margin refers to Adjusted Gross Profit Margins as highlighted previously in the Key Financial Metrics section | Source: Public Market Data from Capital IQ CY 2023E Gross Margin 1 Business Intelligence SaaS Artificial Intelligence SaaS Marketing SaaS High Growth SaaS

www.near.com 45 CY 2023E EV/Revenue Multiple CY 2023E EV/Revenue /Growth Multiple Comparable Companies – Valuation Multiples Benchmarking 0.18x 0.42x 0.28x 0.15x 0.19x 0.07x 0.30x 0.62x 0.26x 0.14x 0.21x 0.37x 0.34x 0.46x 0.40x 0.75x Near ZoomInfo Workiva Domo Amplitude Palantir C3.AI Snowflake Adobe Hubspot SEMrush Holdings Qualtrics DataDog Docusign TradeDesk MongoDB Business Intelligence SaaS Artificial Intelligence SaaS Marketing SaaS High Growth SaaS Note: Source: Public Market Data from Capital IQ 8.29x 12.89x 5.37x 3.46x 5.07x 5.55x 2.36x 19.96x 9.28x 7.10x 3.48x 4.79x 13.45x 6.04x 11.96x 13.92x Near ZoomInfo Wo rkiva Domo Amplitude Palantir C3.AI Snowflake Adobe Hubspot SEMrush Holdings Qualtrics DataDog Docusign Tra deDesk Mo ngoDB

Risk Factors 46 www.near.com The following Risk Factors are being provided to certain sophisticated institutional investors for potential investment in Near and KludeIn to assist interested parties in the Transaction and the PIPE and for no other purpose. Investors should carefully consider the risks and uncertainties inherent in an investment in Near and in the securities offered in the PIPE, including, without limitation, those described below, before subscribing for the securities. If Near, KludeIn or, following the consummation of the Transaction, the combined company, cannot address any of the following risks and uncertainties effectively, or address any other risks and difficulties that may arise in the future, the combined company’s business, financial condition or results of operations could be materially and adversely affected. Additional risks and uncertainties not presently known to Near or KludeIn or that Near or KludeIn currently deem immaterial may also impair the combined company’s business operations and financial condition. The following list of factors is not exhaustive. Risks Related to the Transaction • KludeIn’s and Near’s inability to enter into a definitive agreement with respect to the proposed Transaction (the “ Transaction Agreement ”) or to complete the proposed Transaction contemplated by the non - binding letter of intent executed by KludeIn and Near. • The inability to recognize the anticipated benefits of the proposed Transaction, which may be affected by, among other things, the amount of cash available following any redemptions by KludeIn’s stockholders. • The ability of the combined company to meet the initial listing standards of The Nasdaq Stock Market or other exchange or market upon which the combined company’s securities are listed or traded upon consummation of the Transaction. • The failure to complete the Transaction by KludeIn’s business combination deadline and KludeIn’s potential failure to obtain an extension of the business combination deadline if sought by KludeIn. • The failure to satisfy the conditions to the consummation of the Transaction, including, without limitation, the approval of the Transaction and the Transaction Agreement by the stockholders of KludeIn and the satisfaction of any minimum cash requirements of the Transaction Agreement following any redemptions by KludeIn’s public stockholders. • The inability to complete the PIPE transaction. • The occurrence of any event, change or other circumstance that could give rise to the termination of the Transaction Agreement. Risks Related to Our Business and Industry • Larger and more well - funded companies with access to significant resources, large amounts of data or data collection methods, and sophisticated technologies may shift their business model to become competitive with us. • Changes in laws, regulations, and public perception concerning data privacy, or changes in the patterns of enforcement of existing laws and regulations, could impact our ability to efficiently gather, process, update and/or provide some or all of the information we currently provide or the ability of our customers and users to use some or all of our products or services. • The ongoing COVID - 19 pandemic or future pandemics, including the resulting global economic uncertainty and measures taken in response to such pandemic, could materially and adversely impact our business and future results of operations and financial condition. • Adverse or weakened general economic and market conditions may reduce spending on sales and marketing technology and information, which could harm our revenue, results of operations and cash flows. • Our customers or unauthorized parties could use our products and services in a manner that is contrary to our values or applicable law, which could harm our relationships with consumers, customers or employees or expose us to litigation or harm our reputation.

Risks Related to Our Business and Industry (continued) • If we fail to protect and maintain our brand, our ability to attract and retain customers will be impaired, our reputation may be harmed and our business, results of operations, and financial condition may suffer. • Our business is subject to substantial competition from a diverse group of competitors. New products and pricing strategies introduced by these competitors could decrease our market share or cause us to lower our prices in a manner that reduces our operating margin. • We experience competition from companies that offer technologies designed to allow companies to better use and extract insights from existing, internal databases, or free information resources and from technologies that are designed to allow companies to gather and aggregate data from online sources. • We may be unable to adequately fund research and development, which could limit introduction of new features, integrations, and enhancements, which may limit our ability to compete effectively. • We may not be able to adequately protect our proprietary and intellectual property rights in our data or technology. • If we fail to offer high - quality customer experience, our business and reputation will suffer. • If we are not able to obtain and maintain accurate, comprehensive, or reliable data, we could experience reduced demand for our products and services. • Our failure to raise additional capital or continue to generate cash flows necessary to expand our operations and invest in new technologies in the future could reduce our ability to compete successfully and harm our results of operations. • Cyber - attacks and security vulnerabilities could result in serious harm to our reputation, business, and financial condition. • Interruptions or delays in services from third parties, including data providers, data center hosting facilities, internet infrastructure, cloud computing platform providers, and other hardware and software vendors, or our inability to adequately plan for and manage service interruptions or infrastructure capacity requirements, could impair the delivery of our services and harm our business, which may result in, for example, reduced customer satisfaction, damage to our reputation, limited growth and reduced revenues. • We are subject to sanctions, anti - corruption, anti - bribery, and similar laws, and non - compliance with such laws can subject us to criminal penalties or significant fines and harm our business and reputation. • If we cannot maintain our company’s culture as we grow, we could lose the innovation, teamwork, passion and focus on execution that we believe contribute to our success and our business may be harmed. • The failure to recruit and retain qualified personnel could hinder our ability to successfully execute our business strategy, which could have a material adverse effect on our financial position and operating results. • Failure to keep up with rapidly changing technologies and marketing practices could cause our products and services to become less competitive or obsolete, which could result in loss of market share and decreased revenues and results of operations. Risks Related to Certain Tax Matters • Unanticipated changes in our effective tax rate and additional tax liabilities may impact our financial results. • Changes in tax laws or regulations in the various tax jurisdictions we are subject to that are applied adversely to us or our paying customers could increase the costs of our products and services and harm our business. • Our results of operations may be harmed if we are required to collect sales or other related taxes for subscriptions to our products and services in jurisdictions where we have not historically done so. 47 www.near.com Risk Factors (Continued)

www.near.com Thank You Connect with us at www.near.com

EX-99.4

Exhibit 99.4

   

Near Merger with KludeIn I Acquisition Corp.

Investor Conference Call Transcript

May 19, 2022

Slides 2 - 5: Disclaimers

Hello Everyone: Thank you for taking the time to listen to this very exciting story. Before I begin, let me ask you to refer you to slides 2 through 5, which contain the disclaimers, including forward looking statements, projections and where you will find additional information.

Slide 6: Near Video

On page six, you will see a short video that describes the firm.

Video: Are consumers flying or driving on vacation? Are they staying in hotels, campgrounds or a friend’s home? Are they shopping online, in store or both? Are they eating in or out? Are they resuming their behavior or have they adopted new behavior? Smart strategic decisions are based on the ability to answer key questions around consumer behavior. That’s where Near comes in. For over 10 years, companies around the world have trusted us to provide insightful answers. We are the data storytellers bringing your data to life. Our platform unites the marketers and operational leaders by providing the most accurate, reliable source of data. We are determined to provide actionable insights as we work relentlessly to shape, build and maintain the world’s largest source of intelligence on people, places and products in both the physical and digital space. Ultimately, our vision is to inspire the world to make better decisions and to inspire ourselves to deliver the most trusted privacy-led source of intelligence on people, places and products. We will not rest until we get there.

Slide 7: Our Presenters

I am Narayan Ramachandran, Chairman & CEO of the KludeIn I Acquisition Corp.

Joining us on the call are the management team of Near, the CFO, Rahul Agarwal, the Chief Operating Officer, Gladys Kong, and co-founder, Shobhit Shukla. The main presenter will be founder & CEO of Near, Anil Mathews, who is a serial entrepreneur now building his third company.

Slide 8: Near Investment Highlights

I am thrilled that KludeIn is partnering with Near in this business combination. Near is a privacy-led, data intelligence SaaS platform, that empowers enterprises to create their own enriched data lakes with a mosaic of information on people and places.

Near’s recipe to do this is unique. The finished product is a platform that synthesizes data from multiple silos, that uses English language queries and presents insights in an easily understandable and convenient way for action. Its secret sauce is patented technology that stitches together data from multiple sources and randomizes and anonymizes this data. If you take away one thing from this presentation, it is that the company has built a truly unique product with patented insights that hands control back to enterprises by enriching and providing deeper insights into their data.

   

It is a company with a real business model, real revenues, a short pathway to profitability and real clients, many of whom are in the Fortune 100.

Near has quietly built a significant presence in North America, with nearly two-thirds of their revenues coming from this region. Yet they remain a global company with significant presence in Asia and Europe, reflecting their birth in Asia. Today, Near is a global company with headquarters in Pasadena and offices in Europe, Asia and Australia.

We have conducted a detailed business, legal, product and operational diligence on the Company. We further engaged with Near's customers, employees and management team and came away impressed.

Let me hand this over to Anil to speak about Near.

Slide 9: Corporate Overview

Thank you, Narayan. Before I get started, let me give you some context, so you can better understand the Near opportunity. Enterprises big and small are sitting on huge amounts of data today. Data on their consumers, on their stores, their products and so on, but they're not able to derive meaningful value out of their data.

We believe that there are three key reasons for that. One, enterprise data is disparate and siloed. It's not unified, it's stored in different places, different formats. Number two, this data is primarily of poor quality. There are gaps in them, missing fields, missing information, and so on. And number three, which we all think is a trivial issue, but it isn't, most enterprises have a significant skills gap, because they're not data companies themselves.

Slide 10: What is Near?

And that's where Near comes into picture, we are a global, full stack data intelligence SaaS platform.

Slide 11: What is Near?

Near is a privacy-led, data intelligence platform that enables these enterprises to stitch disparate, siloed data together using our patented technology, enrich it with deeper understanding of consumers, and derive intelligence, which is actionable and measurable. All on a single hosted platform that we license to these enterprises.

Slide 12: Case Studies

Let me take you through two case studies on slide 13 onwards, so you can understand the near offering better.

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Slide 13: How do our Customers use Near?

First, is one of the largest global media companies in the world. Before Near came into the picture, this customer was dealing with multiple digital properties, which is, large apps and websites. Now, the challenge was, if a consumer visits one of their properties and later visits another property, there was no way to identify this was the same user unless they're logging in. And most of them weren't logging in.

They were also heavily reliant on digital world signals, on what these consumers are watching, what they're liking, and what they're reading, to profile them. Which meant, they were not significantly different in the market when it comes to competing with the behemoths. Since Near came into picture, the first thing we did was that we stitched their siloed properties together, using our patented technology and provided them a unique key for each of their consumers.

Then we were able to provide deeper insights on not only these consumer’s behaviors in the digital world, but also in the physical world; in terms of where they live? Where they work? Which brands they prefer in the real world? Or how much time they spend in a grocery store? And so on. All this, we are able to provide them on a hosted platform.

The result: They were able to create more than 3,000 new customer cohorts using this data. Near’s revenue with this customer grew by more than four times over the last three years. And the most important outcome was that we were able to increase their data yield by around 30%. This means actually we were able to increase their revenues on data without the need of actually increasing the user base itself.

Slide 14: How do Customers use Near?

Now, let me take you through the second case study, which is on slide 14, which is one of the largest global commercial real estate companies out there.

Now this customer relied heavily on archaic methodologies before Near came into the picture because they were using click-trackers and census data to analyze foot traffic to their properties. This meant that they had limited ability to wrangle data, which constrained them from deriving insights across these consumer’s behavior. Since Near came into picture, one of the first things we did was bring in data from our data universe, which is our biggest moat, which comprises of around 1.6 billion monthly active user IDs, across 44 countries. We provided this data to this customer and they were able to now look at real-time footfall traffic, to not only their properties, but to their competitors’ properties. They were also able to use Near’s data to analyze where are these people coming from? Where do they go after? How much time they spend in a property?

And this allowed them to address use cases, which wre not addressable before, including, cross shopping behavior, revenue cannibalization forecast, site development analysis, and so on. All this on a hosted platform. They started with one country with us and today, we are working with them across more than 14 countries. And they're analyzing more than 800,000 places across these three continents.

The most important outcome was we were able to increase the rental revenues on average for property owners by around 10%. Effectively, we were able to increase efficiencies within their organization, using our data and platform.

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Slide 15: Market and Product

Now, let me touch upon how do we go to market and how our products fit into two key market categories.

Slide 16: Customer Revenue & ROI

On slide 16 you'll see that there are two buckets here.

The first one is what we call the marketing intelligence bucket. And the second is the operational intelligence bucket. The first bucket is the first case study I touched upon, wherein we are taking our offering to marketers and CMOs of organizations. Primarily for use cases such as customer engagement, segmentation, competitive assessment and targeted marketing.

As for the operational intelligence bucket, we are taking this to chief technology officers, chief information officers, chief digital officers of these enterprises for use cases such as site selection - that is where to open the next store, supply chain optimization, route planning and so on.

Now, if you clearly look at this, these are two key challenges that enterprises are trying to solve for. The first one being, how do we increase revenues? The second one being, how do we increase efficiencies within an organization?

Slide 17: Near’s Products

All this on slide 17, if you see, are achieved by a suite of products. The first one is what we call Carbon. Carbon allows enterprises to stitch and enrich their data.

So the enterprises are sitting on data, but post Carbon, they’re sitting on rich data. They're sitting on intelligent data. Now once they have this data available, then they can choose one of our products between Allspark and Vista, deciding on how they want to act upon this. What is their end goal and what they want to achieve within the organization. Between these two products, between marketing intelligence and operational intelligence, we are sitting on a TAM (total addressable market) of around $23 billion, which is highly untapped and ours to own.

Slide 18: Activation for the Enterprise

If you look at slide 18, it gives you a better picture of how the data flows from the time it comes from the enterprise to our platform and how it goes out to adjacent platforms. So on step one, enterprises would come to us with two kinds of data primarily. It could be data on their consumers, or it could be data on their places, which is predominantly stores, or if you're a bank it could be branches. If you're an auto maker it could be dealerships and so on.

So as an example, a large retailer will communicate that they have access to data on over 20 million consumers. I know “A, B, C” about them. Can you tell me “D, E, F”? Because the moment they walk out of my property, I lose them. And this could be digital or physical properties. So we could provide them deeper insights, both from the digital and the physical world, whether it is demographics, brand affinity, purchase behavior, work location, home location, employment details, and so on. If it is a place they're looking at, we could give them more properties around this place, which is, let's say, in this case, we could be telling them not only properties across their stores, but their competitor stores in terms of visitation, footfall trends, trade area dynamics, pathing - where they come from and where they're going after, dwell time, and so on.

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All this can be then acted upon and measured using our products. Further, pushed into activation platforms such as, Adobe, Salesforce, Google, and Trade Desk. And also visualization platforms such as Carto, Esri, Tableau, which we are all integrated with.

Slide 19: Near’s Customer Base

This allows us to work with more than a hundred enterprise clients globally. Most of which have significant expansion opportunity.

There are eight key verticals that we touch upon today. Some of them are stronger than the others. For example, in travel and tourism, we work with more than 50 major travel destinations globally. If I take NYC &Company as an example, they're using Near’s data to look at who's coming to New York. How many are coming locally, how many are traveling internationally to New York? Where do they stay when they're in New York? Where do they eat when they're in New York? They're able to get all this near real-time on a dashboard.

If you look at retail, restaurants and real estate, which are very strong verticals for us, most of our customers are using our data to analyze foot traffic to their stores and their competitor stores. And looking at where do we open the next store? How does it compare with the competition? What is the catchment area? Do we open the store on this side of the freeway or the other side, based on human movement data. And, we are able to help them, with all these decisions, using our data and platform.

Slide 20: Near’s Key Business Metrics

The proof is in the pudding. If you look at slide 20, we had more than $50 million in ARR last year. We've been growing 60% year over year. One of the strongest metrics that we measure, is the net retention rate, which is 133% for us in 2021. This is very strong coming out of a COVID year. But typically, on average, it is expected to be around 120%.

We used a global consulting firm to help us derive our net promoter scores and other product metrics, which stands very strong at around 81%.

Adjusted gross margin is around 70% and our customer satisfaction rating is at 9.4 out of 10, where typically, most product companies would have 7.3 to 7.4.

Slide 21: Near has Strong Privacy and Compliance Practices

One challenge that we face, is around privacy. This is because we deal with a lot of enterprise data. Early on in our journey, instead of being reactive about it, we decided to be proactive. And so today, we are compliant in all regions that we are present in, including, in Europe with GDPR and in the U.S. with CCPA.

We are also staying ahead of the curve in regions like Australia and Japan, and are working with local regulators there so that when they come up with their own regulations, we are compliant.

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We are also annually audited by leading firms, who are looking at our data and, helping us decide on how do we bring in data? how do we store it? How do we process it and give it out and still stay compliant in all regions that we're present in?

Slide 22: Near Expansion Opportunities

One thing that I want to touch upon is Near’s expansion opportunities and these are immediate expansion opportunities. On slide 22, there are five verticals where we are working with anchor customers, who are helping us create flavors of our product.

For example, with retail and CPG, we are working with a large global multinational consumer goods company in Asia Pacific. They have been so reliant on the behemoths and the walled gardens that now they want to take control of their data. They have reached out to companies like Near to help them create a data lake. And, and our platform is very well suited to do that. Not only Asia Pacific, but globally for them.

Slide 23: The Winning Flywheel

Moving on slide 23 onwards, I want to outline our winning flywheel.

Slide 24: The Data Network Effect 1

If you look at slide 24, like I touched upon earlier, one of our biggest strengths and the reason what we can do, that nobody else can do, is around our data universe. Our data universe comprises of 1.6 billion monthly active user IDs across 44 countries, whose behavior we are analyzing, across 70 million places.

This data universe is exclusive to us. And over the last decade, it is built with varied streams of data.

Slide 25: The Data Network Effect 2

With each additional customer that we sign up, our data universe is becoming more and more intelligent, which allows us to provide better business outcomes within the ecosystem.

Slide 26: The Data Network Effect 3

And then further allows us to retain those customers and acquire more customers. The more customers we get, the better our data gets, the stronger our data gets. This is our moat. This is a reason nobody else can disrupt us.

Slide 27: The Team & Org

The last thing I want to cover before I hand it over to my colleague, is our team and org.

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Slide 28: The Near Team

If you look at slide 28, I'm very proud of our team, which is comprised of entrepreneurs and those who have created companies before to have come together to create this opportunity. Most of us are spread between Bangalore and California with a strong hub in Paris and Sydney.

Slide 29: Near’s Talent

And if you look at slide 29, we are still a tech company, very strong in engineering and science. 60% of our team comprised of engineering and science between these two hubs.

Slide 30: Near’s Global Presence

Slide 30 gives you a global footprint of how are teams are spread across the world. Also, the investors who supported in us and have invested around $130 million to-date. This includes Sequoia Capital and JP Morgan who continue to remain big believers in Near as we go forward in the next phase of our journey.

Slide 31: Near’s Financial Highlights

With that, I would like to hand it over to my colleague Rahul Agarwal, our CFO, who will walk you through the financials.

Slide 32: Near’s Financial Highlights

Thanks Anil. You all have heard how we have built a business over the last decade. I would love to share the numbers, what it has resulted into and what the future holds for us.

Starting with some key financial highlights, we grew 41% year over year, exiting the year at around $50 million of ARR with a 71% gross margin. The NRR is expected to be around 120%, we'll talk about the NRR on future slides. We managed to secure this revenue across 122 clients with an average revenue per client of $353,000 per year.

Slide 33: Financial Profile

Moving on, a deep dive into the financial profile of the company. In 2021, we closed the year with the billed revenue of $46 million. For this current calendar year, we are expecting $62 million of billed revenue, more than doubling it by 2024, growing at a CAGR of 40% plus. And this is in line with what our historical growth has been, highly attractive SaaS revenue.

On the gross profit margin profile, our margin has improved to 71% for 2021. We expect to further improve this gross profit margin, which will stabilize at around 73% by 2024. The improvement in our gross profit margin, coupled with the increase in revenue will take us to profitability on an EBITDA basis, by 2024.

Slide 34: Attractive Economics

I would like to highlight the contribution margin and strong economics in the business. So these numbers are for 2021. For every dollar of revenue that we are generating, 71 cents is the gross profit margin. And if I take the sales and marketing cost, we are left with a contribution margin of 45 cents, which is expected to improve to around 50 to 53 cents in the outer years.

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And so for every dollar of revenue that we are generating more than half of that will be available for the fixed expenses around G&A, product and technology in years to come.

Slide 35: Strong KPIs

Moving on to slide 35, some key underlying KPIs that we are tracking. Anil spoke about the $23 billion TAM that we operate under. The U.S. is our largest market and our revenues pretty much represent the TAM that we operate under. So the U.S. is two-thirds of our revenue followed by Europe and Asia, which contribute the remaining one-third equally.

On the NRR, 2020 and 2021 were COVID impacted years. So you see a higher number in 2021, and that's because of the COVID tailwind recoveries. In 2022, we expect the NRR to stabilize at 120% and we expect to maintain that in outer years going forward.

So if you look at our revenue expectation, the $46 million for 2021 going to $62 million this year, going all the way to $91 million in 2023 on the back of a strong NRR and the pipeline of revenue that we have, we are extremely confident that we'll be able to hit our numbers.

Slide 36: Near Use of Funds

Finally, I would like to highlight the key use of funds here. Four key verticals. You heard about the data moat and SaaS flywheel that we've created, which is our winning mantra. We will continue to invest in the organic growth of the company.

We will earmark funds for expanding in some key sectors, specifically around retail, real estate and media, where we see significant penetration opportunity.

On the product front, we are continuing to file more patents. We are continuing to innovate. We are coming up with newer features on our existing product line and new products built on the core Near platform. So there will be significant product expansion spends.

And finally, you know, we've been there done that. We acquired a couple of companies and have since then successfully integrated them. We are working like a well-oiled machine now, and we'll continue to look for potential targets, which unlock significant synergies specifically on the product and data front. Accordingly, we will earmark funds for inorganic growth.

Slide 37: Transaction Overview

With this, I'll hand it over to Narayan to talk about the transaction.

Slide 38: Transaction Summary

Business Combination Overview

Near will have a proforma fully diluted enterprise value of $753 million.

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Existing Near Shareholders are rolling over 100% of their equity and will retain 68% proforma ownership.

The transaction assumes $268 million in gross proceeds raised, including $172.5 million of cash in trust and up to $95 million in additional equity financing.

Slide 39/40: Compelling Valuation

KludeIn has also undertaken a full and independent valuation review by Kroll (Duff & Phelps). The chosen valuation is well within the range opined by them.

Near’s valuation comps are very attractive.

We have used four broad categories of comparison: BI SaaS, AI, Marketing and High Growth SaaS, both on EV/revenue and on a EV/Rev standardized for growth. The company compares very favorably as depicted on the slides.

Slide 41: Summary

We look forward to completing this merger and transitioning Near to the public markets. We believe strongly, Near will be a responsible and attractive investment destination for public investors.

Thank you for listening.

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