Layali
About this raise
Layali, with a valuation cap of $2.5 million, is raising crowdfunding on Republic. The company delivers Middle Eastern products to the consumers’ doorsteps. The Arabic products include food and non-food items, including clothing, Arabic sweets, coffee spices, and home art and decor items. Layali was founded by Sumaya Lakis in December 2018 and has generated more than $180,000 in revenues since its launch. The proceeds of the current round of crowdfunding, with a minimum goal of $25,000 and a maximum goal of $107,000, will be used by Layali to build its own fulfillment facility and to get its first sea shipment of products from the Middle East. Layali already has over 1,000 customers, with a repeat purchase rate of 24%. The company keeps its costs low due to strong and direct connections with manufacturers in Turkey, Syria, and other countries.
Investment Overview
Invested $77,172 :
Deal Terms
Company & Team
Company
- Year Founded
- 2018
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
Financials
-
Revenue
- $109,413
- Monthly Burn
- Profitable
- Cash on Hand
- $13,490
- Gross Margin
- 16%
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Company Funding & Growth
Funding history
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/30/2020 | Republic | $2,500,000 | $77,172 | SAFE | Funded | RegCF |