Lunchwale
Early Stage
Lunchwale means ' The Lunch People' - The name says it all!
Overview
Raised: $31,161
Total Commitments ($USD)
Platform
Fundopolis
Start Date
06/18/2020
Close Date
05/18/2021
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$0.06
Pre-Money Valuation
$7,500,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$94
# of Investors
25
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Lunchwale, with a valuation of $7.5 million, is raising funds on Fundopolis. The company offers corporate lunch services with its preset meals for only $4.99. The meals are delivered free of delivery charges and with no minimum order requirement. The business is established, profit-making, eco-friendly, and has the first-mover advantage. Lunchwale was founded by Gopi Kantamneni, Aishwarya Kantamneni, and Asha Kantamneni in December 2017. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000, and the proceeds will be used to scale the business up by adding new customers and new cuisines. Lunchwale reported revenue of $71,000 in 2019, up 200% from 2018. The company focuses on lunches only and has carved a niche for itself.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$70,877 |
$32,998 |
|
COGS |
$43,242 |
$25,047 |
|
Tax |
$1,592 |
$436 |
| ||
| ||
|
Net Income |
$10,835 |
$1,827 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$2,479 |
$6,488 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,479 |
$6,488 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 06/18/2020
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