Aduri

Smart Cushion that breathes with you, making meditation simple + engaging

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Security Type
Debt
Categories
Social Impact, Technology, Retail, Sustainability, Healthcare & Medical, Community & Lifestyle, Health & Fitness
Min Investment
$150
Location
New York, TX
Offering Date
January 27, 2022
Expected Close Date
April 08, 2022
Target Raise
$50.00K
No. Investors
36
Security Price
$1
Website
aduri.co

Company Description

Meditation and breathwork apps have never been more popular, but they don’t deliver results

Millennials and Gen Z consumers demand results from their mindfulness tools. Mainstream apps aren't cutting it. 

Over 80% of people stop using meditation apps within just days. 

Why meditation apps alone don't work:

Disposable: Apps are easy to download and forget about

Singular Voice: People can't relate without teacher diversity

Macro Communities: Large groups aren't engaging or personal enough

Key Deal Facts

Mental well-being meets the engaging world of connected fitness
Evidence-based immersive experience created for aspiring meditators
Gently pulsing cushion that guides breathing + focus w/ app subscription
Secured paid product pilots valued at >$25K by PwC, Hearst, and more
4x retention (>1M mins meditated) compared to existing mainstream apps
Funded for product dev by one of the largest global sportswear brands
$14.9B annual market opportunity; massive whitespace in $121B market

Management Team / Advisory Board Bios

Jesal Trivedi - CEO and Founder
With over a decade of experience across tech, media, and product innovation, Jesal's a seasoned professional in the industry. Jesal led and grew the Mobile Product team at Blue Label Labs, was tapped and funded by Microsoft to pioneer UX/UI principles for the Hololens AR headset ad Co-Founded multimedia companies such as Tech808 and The Phat Startup which was featured in TechCrunch, Re/Code, and Fast Company.

Rita Murjani - Head of Mindfulness + Strategy
Rita has nearly a decade of experience across finance, strategy, as well as teaching yoga + meditation. She started her career at Citi where she structured more than $5B worth of debt for renewable energy and infrastructure projects and also developed a trillion dollar regulatory capital instrument to save the firm over $500mm worth of tax attributes.
Amount Raised : $11,950
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Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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