Enriched Housing for Seniors (India Home)
About this raise
India Home is raising funds on Common Owner. It is a non-profit organization dedicated to addressing the needs of the Indian and other South Asian senior immigrants in New York City. The company is currently focused on purchasing a building in Jamaica, New York, and renovating it into an assisted living facility for seniors. The culturally-competent adult care facility will provide assistance to seniors with their daily activities, medication management, and comfortable living. Vasundhara Kalasapudi founded India Home in March 2007. The current crowdfunding campaign has a minimum target of $600,000 and a maximum target of $800,000. The campaign proceeds will be used for building applications and permits, architectural designs, business plan developments, policy and procedure manuals, and government grant applications.
Investment Overview
Invested : $652,250
Deal Terms
Total Commitments
- Platform
- Common Owner
- Start Date
- 11/08/2022
- Close Date
- 12/31/2022
$600,000
$800,000
$2,000
Debt
RegCF
8.00%
3.0 years
Company & Team
Company
- Year Founded
- 2007
- Industry
- Real Estate & Construction
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Team
- Employees
- 1
- Prior Founder Exits?
- No
Financials
- Revenue +149% YoY
- $1,397,552
- Monthly Burn
- Profitable
- Cash on Hand
- $286,511
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Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/31/2022 | Common Owner | - | $652,250 | Debt | Funded | RegCF |