myUDAAN

myUDAAN

Assistive mobility solutions for the elderly and persons with disabilities

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Security Type
Crowd SAFE
Min Investment
$100
Location
Kamothe, India
Offering Date
February 26, 2021
Expected Close Date
June 25, 2021
Target Raise
$25.00K-$107.00K
Deal Notes

Price Per Share: $1.00

Company Description

Vision Expanding our platform, products, and geographical scopemyUDAAN is planning a massive expansion on virtually all fronts. We plan to be available across India within the next six years. In that time, we will also build out more one-stop solutions for disability schemes and certificates, introduce a dedicated marketing platform, and create a news-only related platform for our targeted community. In short, we will continue following our company's mission to bring dignity and freedom to everyone.Geographic Expansion PlansOur vision is to revolutionize assistance, accessibility, mobility, and inclusion through a single epicenter technology and reach 170 million PwDs and elderly people. 

Key Deal Facts

2020 NCPEDP Award & the 2020 Disability Innovations Lab winners
Finalist on India Meet the Drapers 2020
Received technology funding from Faster Capital
610+ customers in the first few months of launch with 43% retention
Operating at a gross margin of 20%
Impacting the lives of 170+ million People with Disabilities and Elderly

Use of Proceeds

  • Marketing
  • Technology
  • General Management
  • Professional Fees & other costs
  • Employee Cost
  • Inventory and Sales Co s Costs
  • Intermediary Fee

Management Team / Advisory Board Bios

Ravindra Singh, Founder
Our founder himself is a person with a disability. He has 15 years of experience in various management roles and is an entrepreneur who ran his own business in the marketing space. Ravindra created myUDAAN because he faced many issues as a PwD and wants to make change for others.

Anil Pereira, Co-Founder
Anil is an alumni of ITT Bombay, one of India's most prestigious universities. He has more than 25 years of experience leading multinational organizations in India & Asia Pacific.

Deal Notes

Price Per Share: $1.00

Amount Raised : $32,175
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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