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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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Delaware City , Delaware
Key Deal Facts
Coupl lets couples open an easy-to-use joint account regardless of marital status
Built and launched a Neobank in under 6 months
₹500k (~$6k) GTV in under 2 weeks
Founded by alumni of IIT Kanpur and BITS Pilani
Savings deposit interest $333M, transaction interchange commission $2B market size
Backed by Y Combinator and Entrepreneur First
Management Team / Advisory Board Bios
Srinivas Sarkar Co-founder & CEOGraduated with a bachelor's degree from BITS Pilani in 2018. He was a management consultant at Ernst & Young for four years, advising clients like a unicorn YC company and multiple late-stage businesses on strategy, cost optimization and improvement., Kushagra Manglik Co-founder & COOHe was a Research Software Engineer at IBM Research in their AI for Supply Chain team. During his stint with IBM Research, he published multiple papers at Tier 1 Data Science conferences and has 6 patents to his name.
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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.
