myUDAAN
About this raise
myUDAAN, with a $3 million valuation cap, is raising crowdfunding on Republic. The application allows the elderly and people with disabilities to book mobility assistants on-demand. The elderly can also get information on accessibility and get access to mobility products. Ravindra Singh and Anil Pereira founded myUDAAN in November 2020. The current crowdfunding round of the company has a minimum raise of $25,000 and a maximum raise of $107,000, and the proceeds will target technology upgrade, marketing, sales, product designing and enhancement, and general administration. myUDAAN has over 610 customers with 43% retention and is operating at a gross margin of 20%.
Investment Overview
Invested $37,475 :
Deal Terms
Company & Team
Company
- Year Founded
- 2020
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
- $2,067
- Monthly Burn
- $202
-
Runway
- 1.4 months
- Gross Margin
- 34%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $225,000
- VC Backed?
- Yes
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
06/26/2021 | Republic | $3,000,000 | $37,475 | SAFE | Funded | RegCF |