BusinessOnBot
Early Stage
Automated sales and user acquisition on WhatsApp for businesses in India
Overview
Raised: $81,705
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/16/2021
Close Date
10/16/2021
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$675
# of Investors
136
Momentum
Funded
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Year Founded
2021
Industry
Business Services, Software, & Applications
Tech Sector
CommerceTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
BusinessOnBot, with a $10 million valuation cap, is raising funds on Wefunder. The company uses an artificial intelligence-based system to acquire users and automate sales through WhatsApp for businesses in India. The system helps in reducing acquisition costs and growth of sales. Mohit Kumar and Aditya Chintapalli founded BusinessOnBot in December 2020. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $100,000, and the funds will be used towards sales and marketing and hiring of data scientists to build vernacular AI. BusinessOnBot is growing at 25% WoW in MRR and has $8,000 in booked MRR since the launch in January 2021.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
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Revenue |
$0 |
$0 |
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COGS |
$0 |
$0 |
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Tax |
$0 |
$0 |
| ||
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Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
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Cash |
$0 |
$0 |
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Accounts Receivable |
$0 |
$0 |
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Total Assets |
$0 |
$0 |
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Short-Term Debt |
$0 |
$0 |
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Long-Term Debt |
$0 |
$0 |
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Total Liabilities |
$0 |
$0 |
Financials as of: 06/16/2021
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