OBI (formerly Bellhop Technologies)

OBI (formerly Bellhop Technologies)

[Closed for Investment] 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.

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Investment Overview

Raised this Round: Raised: $351,536

Deal Terms

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    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Company & Team

Company

Year Founded
2014
Industry
Transportation, Automotive, Aviation, & Aerospace
Tech Sector
AutomationTech
Location
New York, New York
Company Website
Visit Website

Team

Employees
1

Financials

 Revenue
$0
 Monthly Burn
$26,076
 Runway
0.3 months

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

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Company Funding & Growth

Funding history

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
Obi 10/29/2021 Republic $19,500,000 $535,000 SAFE Funded RegCF
OBI (formerly Bellhop Technologies) 10/21/2017 Republic $5,000,000 $351,536 SAFE Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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Techotel on Republic 2017
Platform: Republic
Security Type: SAFE
Valuation: $5,000,000

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Follow Techotel on Republic 2017

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