CricClubs Inc

Deal To Watch
BETA

All-in-one digital platform for cricket players, fans, teams, and leagues

Analytics

Raised to Date: $312,121

Aggregate Commitments $
Platform

Republic

Start Date

03/30/2020

Close Date

07/31/2020

Min. Goal

$100,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$12,500,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

08/02/2020

Days Remaining
Funded
% of Min. Goal

312%

% of Max. Goal

31%

Likelihood of Max
Funded
Avg. Daily Raise

$2,538

# of Investors

640

Momentum
Funded
Location
Industry

Media, Entertainment & Publishing

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Business Type

High Growth

CricClubs, with a valuation cap of $12.5 million, is raising funds on Republic. It is a comprehensive platform for cricket league management that offers engagement and organizational and marketplace-related solutions to cricket players. The league management portal of CricClubs includes team and league calendar, match scheduler, and league statistics, and the academy management portal includes attendance tracking, payment management, and program management. CricClubs was founded by Ganesh Nallapareddy in January 2020. The proceeds of the current round of crowdfunding, with a minimum goal of $100,000 and a maximum goal of $1,000,000, will be used to grow the user base and secure more partnerships with leading leagues, cricket organizations, and live stream partners. CricClubs already has over 2 million users in more than 57 countries and has generated over $1 million in revenues to date.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$574,457

$370,617

COGS

$257,519

$181,937

Tax

$0

$0

 

 

Net Income

$-47,798

$-21,136

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$118,250

$76,434

Accounts Receivable

$13,334

$0

Total Assets

$814,698

$815,939

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Ratings

last updated 08/23/2020

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Analyst Report

Deal To Watch
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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