Drs Diet

Drs Diet

Growth Stage

Lose Weight. Save Money.

Lose Weight. Save Money.

Overview

Funding data not publicly available
Platform

Self Managed

Start Date

07/18/2022

Close Date

Not Provided

Min. Goal
$100
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$127,500,000

Year Founded

2022

Industry

Consumer Products, Goods & Services

Tech Sector

EnterpriseTech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

Low

Location

Englewood Cliffs, New Jersey

Business Type

High Growth

Drs Diet is raising funds independently through Reg A+ crowdfunding. The company has developed an app that helps users manage weight loss. The app helps users in keeping a written food diary and managing what they eat and drink. The documentation of calorie intake helps in reducing the food intake. Additionally, the analysis of patients’ food diaries also enables healthcare providers to make modest changes in food intake to lead to significant weight loss. Dr. Baldev Sandhu founded Drs Diet in January 2022. The current crowdfunding campaign has a maximum target of $5,000,000. The campaign proceeds will be used for the inventory of liquid meal replacement drinks, improvement of the app, hiring, marketing, and working capital.

Balance Sheet

Cash and Cash Equivalents

$4,125

Total Assets

$4,125

Long Term Debt

$0

Total Stockholders' Equity

$4,125

Total Liabilities and Equity

$4,125

Statement of Comprehensive Income Information

Costs & Expenses Applicable to Rev

$2,031

Net Income

$-2,031

Earnings Per Share - Basic

$0.00

Earnings Per Share - Diluted

$0.00

Auditor: Heaton & Company, PLLC
Financials as of: 07/18/2022
Create a free account today to gain access to KingsCrowd analytics.

Funding data not publicly available

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
Drs Diet on Self Managed 2022
Platform: Self Managed
Security Type: Equity - Common
Valuation: $127,500,000
Price per Share: $5.00

Follow company

Follow Drs Diet on Self Managed 2022

Buy Drs Diet's Deal Report

Warning: according to the close date for this deal, Drs Diet may no longer be accepting investments.

Drs Diet Deal Report

Get KingsCrowd’s comprehensive report on Drs Diet including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Drs Diet is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Drs Diet deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge