myUDAAN
Early Stage
Assistive mobility solutions for the elderly and persons with disabilities
Overview
Raised: $37,475
Total Commitments ($USD)
Platform
Republic
Start Date
02/28/2021
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
Valuation Cap
$3,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/09/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$320
# of Investors
140
Momentum
Funded
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Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
MarketplaceTech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
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%.
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 |
Financials as of: 02/28/2021
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