Lunchwale

Early Stage

Lunchwale means ' The Lunch People' - The name says it all!

Overview

Raised to Date: Raised: $31,161

Total Commitments ($USD)

Platform

Fundopolis

Start Date

06/19/2020

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    Open SEC Filing

Price Per Share

$0.06

Pre-Money Valuation

$7,500,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/31/2021

Days Remaining
Funded
% of Min. Goal

125%

% of Max. Goal

3%

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

Location

Frisco, Texas

Business Type

Growth

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: 06/19/2020
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Lunchwale on Fundopolis
Platform: Fundopolis
Security Type: Equity - Common
Valuation: $7,500,000

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