Turant Inc.

Turant Inc.

Instant transactions using highly accurate voice identification & verification

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Security Type
CAFES
Categories
Technology, B2B, Fintech & Finance, AI
Min Investment
$100
Location
Saratoga, CA
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$1.24M
No. Investors
72
Security Price
$1
Website
turant.ai
Number of Employees
4
Cash
$6,385
Revenue
$0
Short Term Debt
$10,093
Cost of Goods
$0
Long Term Debt
$0
Net Income
$3,708

Key Deal Facts

In trials at over 30 opportunities and advent of initial revenue
Initial target SMS OTP replacement, a $75B/year TAM market
Starting business in hyper growth markets of, India, Malaysia, Indonesia & Brazil
Allows benefits of digital economy for everyone in any language and any levels of literacy
Agnostic to any spoken language and dialect, 10X price advantage
No requirement for internet or smartphone, bring billions into the digital economy

Management Team / Advisory Board Bios

Anurag Goel CEO and FounderDeveloped end to end solutions in the past which created billions in revenue. Raised $65M for past start-up and exited it successfully., Manjit Singh Chief Business OfficerTaken a start-up to IPO on NASDAQ. Scaled revenues 4x for multiple Fortune 100 companies., Sairam S. Chief ScientistSeasoned technology executive and IIT alumni with PhD from Idaho. Developed disruptive technologies including AI solutions for multiple industries., Awaneesh Mishra Chief Products OfficerScaled solutions to support over 100M+ subscribers in less than 18 months. Strong experience in building solutions based on dynamic market requirements.
Amount Raised : $127,673
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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.

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