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Security Type
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CAFES
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Categories
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Technology, Financial Services, Community & Lifestyle
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Min Investment
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$100
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Expected Close Date
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April 30, 2023
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Target Raise
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$50.00K-$124.00K
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No. Investors
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345
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Security Price
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$1
- Number of Employees
- 12
- Cash
- $0
- Revenue
- $0
- Short Term Debt
- $0
- Cost of Goods
- $0
- Long Term Debt
- $0
- Net Income
- $0
Key Deal Facts
All three founders are 2x YC, and second startup together in India
$4m of LOIs with two governments and a global real estate consultancy firm
$8k MRR, 93% Weekly Revenue Growth
Filling a crucial market gap - 1.5M property searches in the last 4 months, 42% growth MoM
Large market opportunity as in the average Indian household, 84% of wealth is held in real estate
$4.8m raised in this round from Goodwater, CapitalX, Draper, Stonks Fund, Pioneer Fund, 23 YC Alums
Other notable investors include Alan Rutledge, James Beshara, Co-Founder of Dropbox, Founder of Cred
Management Team / Advisory Board Bios
Sanjay Mandava Founder & CEO2x YC founder. First time with GoLorry and now Landeed. Before startups, I worked as proprietary trader/investment analyst at Knight Vinke (Activist Hedge Fund) and as a real estate developer., ZJ Lin Co-founder & CPOFormer co-founder and CPO of GoLorry (YC W16): 2015 - 2022, Jonathan Richards Co-founderPrinceton University Computer Science, Quantitative and Computational Biology graduate and former co-founder, CTO and director at GoLorry
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Business Idea
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Management Team
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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.