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Security Type
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CAFES
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Categories
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Technology, Retail, Financial Services, Community & Lifestyle
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Min Investment
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$100
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Location
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San Francisco, CA
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Expected Close Date
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April 30, 2023
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Target Raise
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$25.00K-$124.00K
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No. Investors
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177
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Security Price
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$1
- Number of Employees
- 15
- Cash
- $0
- Revenue
- $0
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $0
Key Deal Facts
$350k Monthly GTV in 60 days, growing 25% Weekly
40k transacting customers, 41% share organic and referral, 1.75% take rate
Team grew Juspay eng from 10 to 350, Seed to Series C, and built payment system for Govt of India
10+ product releases in 60 days, achieved in 2 months 50% of what competition achieved in a year
$2.2m raised as part of the current round, and $1.3m prior to YC from Better Capital and Stellaris
Notable investors include Better Capital, Rebel Partners, GMO Fintech Venture Fund, Pioneer Fund
Management Team / Advisory Board Bios
Naimisha Rao Co-Founder & GrowthHead of Growth Marketing @ Twin Health (Sequoia Funded Series C Company), Dilip Jain Co-Founder & EngHead of Engineering @ Juspay (SoftBank Funded Series C Company), Manthan Shah Co-Founder & ProductIIT Kharagpur, Head of Product @ Juspay (SoftBank Funded Series C Company)
Amount Raised
:
$2,285,971
Reveal the Score by Voting
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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
ⓘ
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.