OneAir AI
Early Stage
Travel App For A New Generation of Travelers Powered By AI
Overview
Raised: $78,130
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/17/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$200
Security Type
SAFE
SEC Filing Type
RegCF
Early Bird Val. Cap
$8,000,000
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/28/2023
Days Remaining
214
% of Min. Goal
156%
% of Max. Goal
63%
Likelihood of Max
Avg. Daily Raise
$7,103
Momentum
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Year Founded
2019
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Location
Middletown, Delaware
OneAir AI, with a valuation of $10 million, is raising funds on Wefunder. The company has developed an AI-powered travel app for the new generation of travelers. OneAir AI’s platform sends budget-friendly and members-only personalized flight deal alerts from members’ home airports to the world’s top destinations and notifies when airlines offer discounts. The app works on a freemium subscription model and grew its signups by 300% month-over-month and $75,000 GMV in just three months since the launch. Rahul Ramadoss and Kaliprasad Pothuraju founded OneAir AI in August 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for sales and marketing, product development and enhancements, hiring, operations, and infrastructure.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-102,649 |
$-91,633 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$27,797 |
$27,996 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$42,797 |
$27,996 |
|
Short-Term Debt |
$16,054 |
$4,639 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$16,054 |
$4,639 |
Financials as of: 09/17/2023
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