myUDAAN

myUDAAN

Closed: Jun. 2021

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%.

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Investment Overview

Invested this round: $37,475

Deal Terms

Total Commitments ($USD)

Platform
Republic
Start Date
03/01/2021
Close Date
06/26/2021
Min. Goal
$25,000
Max Goal
$107,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,000,000

Discount

20%

Company & Team

Company

Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
Kamothe, Navi Mumbai, India, Delaware
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Anil Pereira
Title
COO
Founder Name
Ravindra Singh
Title
CEO

Financials

 Revenue
$2,067
 Monthly Burn
$202
 Runway
1.4 months
Gross Margin
34%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,067

$0

COGS

$1,368

$0

Tax

$0

$0

 

 

Net Income

$-2,422

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$274

$0

Accounts Receivable

$0

$0

Total Assets

$5,817

$0

Short-Term Debt

$18,812

$0

Long-Term Debt

$0

$0

Total Liabilities

$18,812

$0

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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
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myUDAAN on Republic
Platform: Republic
Security Type: SAFE
Valuation: $3,000,000

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