This company is no longer in business. Investors can get details about any potential exits or failures here.
Kanthaka
Early Stage
Uber for personal trainers and yoga instructors
Overview
Raised: $55,761
Total Commitments ($USD)
Platform
Republic
Start Date
05/06/2021
Close Date
08/05/2021
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Series A
SEC Filing Type
RegCF
Valuation Cap
$8,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$620
# of Investors
96
Momentum
Funded
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Year Founded
2019
Industry
Fitness & Wellness
Tech Sector
HealthTech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Kanthaka, with a valuation cap of $8 million, is raising funds on Republic. The company provides at-home personal trainers and yoga instructors on the demand of the clients. The Kanthaka trainers and instructors hold users accountable and customize the sessions according to their specific needs. Dr. Sylvia Kampshoff founded Kanthaka in February 2019. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the proceeds will be used to scale the marketing efforts and exaggerate its horizontal and vertical growth. Kanthaka reported a 770% growth in sessions sold from March 2020 to March 2021 and a 195% growth in revenue from 2019 to 2020.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$155,999 |
$79,625 |
|
COGS |
$105,893 |
$55,772 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-352,803 |
$-90,340 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$125,772 |
$8,859 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$168,929 |
$25,843 |
|
Short-Term Debt |
$30,943 |
$5,054 |
|
Long-Term Debt |
$119 |
$0 |
|
Total Liabilities |
$31,062 |
$5,054 |
Financials as of: 05/06/2021
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