WULUS GROUP
Early Stage
Revolutionizing Procurement and Logistics: Unmatched One-Stop Solution
Overview
Platform
Issuance Express
Start Date
11/16/2023
Close Date
02/29/2024
Min. Goal
$10,000
Max. Goal
$1,234,363
Min. Investment
$100
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.00
Pre-Money Valuation
$30,000,000
Year Founded
2019
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
WULUS GROUP, with a valuation of $30 million, is raising funds on Issuance Express. The company has developed an all-in-one platform for reshaping procurement and logistics. WULUS GROUP offers a one-stop solution for MRO, industrial equipment, and IT equipment procurement and uses an integrated approach for e-commerce, distribution, logistics, and asset-based trucking. The business has generated $15 million in lifetime revenues with a customer retention rate of 98% and monthly user growth of 20%. Anthony Obiako founded WULUS GROUP in November 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.23 million. The campaign proceeds will be used for marketing, equipment purchases, purchase of real property, future wages, cash reserves, operations, e-commerce marketplace upgrade, and trailer lease.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$668,325 |
$989,407 |
|
COGS |
$467,846 |
$788,162 |
|
Tax |
$10,250 |
$0 |
| ||
| ||
|
Net Income |
$38,671 |
$71,417 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$39,062 |
$53,284 |
|
Accounts Receivable |
$71,880 |
$0 |
|
Total Assets |
$380,223 |
$84,719 |
|
Short-Term Debt |
$382,427 |
$293,991 |
|
Long-Term Debt |
$493,748 |
$217,521 |
|
Total Liabilities |
$876,175 |
$511,512 |
Financials as of: 11/16/2023
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