Kunduz (yc S18)

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Security Type
CAFES
Categories
Technology, Education, Retail, Other
Min Investment
$100
Location
San Francisco, CA
Offering Date
April 21, 2021
Expected Close Date
April 29, 2024
Target Raise
$50.00K-$124.00K
No. Investors
244
Security Price
$1
Website
kunduz.com
Number of Employees
37
Cash
$62,599
Revenue
$13,972
Short Term Debt
$147,339
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-749,363

Company Description

📈 $310k MRR; growing 4.1x YoY in January 2021
🧠 Our AI can automatically answer 80% of student's questions and gives SaaS-level gross margins
🌎 40M questions answered by 35,000 tutors through Kunduz in 3 countries
📊 $120 LTC; $10 CAC; 77% gross profit margin
👫 30k paying users with 95% retention rate

Key Deal Facts

$310k MRR; growing 4.1x YoY in January 2021
Our AI can automatically answer 80% of student's questions and gives SaaS-level gross margins
40M questions answered by 35,000 tutors through Kunduz in 3 countries
$120 LTC; $10 CAC; 77% gross profit margin
30k paying users with 95% retention rate

Management Team / Advisory Board Bios

Basar Basaran, Co-founder & Co-CEO
Strategy & business development in 5 countries and 6 sectors; 3-year consulting and M&A in education; MBA & MA Education at Stanford; Ex-McKinsey; Most importantly, raised in an educator family.

Melih Sener, Cofounder & Co-CEO
Most recently, brand manager of Lays for 32 countries; Brand & P&L management at CPG; International marketing, product launch & competitive strategy

Baris Bilgic, Co-founder - CTO
3rd time entrepreneur in emerging markets and Europe w an exit; Full-stack dev. at global firms in London; 14 years of active development experience
Amount Raised : $533,782
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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