OBI (formerly Bellhop Technologies)
Early Stage
Access all the major ridehails and taxis around the world in one app
Overview
Raised: $351,536
Total Commitments ($USD)
Platform
Republic
Start Date
09/25/2017
Close Date
10/21/2017
Min. Goal
$50,000
Max. Goal
$428,000
Min. Investment
$100
Security Type
SAFE
SEC Filing Type
RegCF
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2017
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$13,521
# of Investors
640
Momentum
Funded
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Year Founded
2014
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
AutomationTech
Location
New York, New York
Techotel, with a valuation of $5 million, is raising funds on Republic. The mobile application allows users to access all ride-hail apps, compare prices across them, and save money. The users get to take the best ride at the best price. Obi has over 130,000 users and more than 235,000 ride bookings to date. The app is accelerated by Plug and Play Tech Center and incubated by Amadeus for Startups. Payam Safa founded Techotel in 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $428,000. The campaign proceeds will be used to add new national, global, and regional players at an accelerated rate.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$485 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-312,908 |
$-148,732 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$8,257 |
$89,268 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$8,257 |
$89,268 |
|
Short-Term Debt |
$158,201 |
$66,307 |
|
Long-Term Debt |
$345,000 |
$205,000 |
|
Total Liabilities |
$503,201 |
$271,307 |
Financials as of: 09/25/2017
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