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Security Type
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CAFES
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Categories
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Technology, Community & Lifestyle
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Min Investment
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$100
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Expected Close Date
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July 29, 2023
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Target Raise
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$50.00K-$700.00K
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No. Investors
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184
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Security Price
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$1
- Number of Employees
- 0
- Cash
- $1,434,535
- Revenue
- $787,306
- Short Term Debt
- $104,492
- Cost of Goods
- $0
- Long Term Debt
- $16,217
- Net Income
- $-1,519,858
Key Deal Facts
🔥 300% user growth in 9 months; 1M MAU
📈 Revenue grew 215% in 6 months; $2.5M Annualized Revenue
💓 100M messages, 5M matches, 10,000 marriages
💏 Non-matchmaking segments constitute 1/3rd of gross revenues
🌆 We are operating profitably in 20 tier 1 cities of India
💸We’ll believe we'll hit $100M Gross Annualized Revenue in 48 months
Management Team / Advisory Board Bios
Pawan Gupta Cofounder & CEOAlumni, MIT Sloan. Cofounded an Ed Tech company before and led to profitability. Built and grew different consumer products for 4 years., Rahul Namdev Cofounder & CTOAlumni, MIT CSAIL. Recipient of Touch of Genius Prize for Innovation April 2015. Full stack machine learning engineer and shipped many applications.
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ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
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.