Layali

Layali

Early Stage

Flavors of the Middle East, delivered to your door

Flavors of the Middle East, delivered to your door

Overview

Raised to Date: Raised: $77,172

Total Commitments ($USD)

Platform

Republic

Start Date

09/29/2019

Close Date

04/30/2020

Min. Goal
$25,000
Max. Goal
$107,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,500,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$362

# of Investors

239

Momentum
Funded
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Year Founded

2018

Industry

Food, Beverage, & Restaurants

Tech Sector

MarketplaceTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Athens, Georgia

Business Type

Life Style

Layali, with a valuation cap of $2.5 million, is raising crowdfunding on Republic. The company delivers Middle Eastern products to the consumers’ doorsteps. The Arabic products include food and non-food items, including clothing, Arabic sweets, coffee spices, and home art and decor items. Layali was founded by Sumaya Lakis in December 2018 and has generated more than $180,000 in revenues since its launch. The proceeds of the current round of crowdfunding, with a minimum goal of $25,000 and a maximum goal of $107,000, will be used by Layali to build its own fulfillment facility and to get its first sea shipment of products from the Middle East. Layali already has over 1,000 customers, with a repeat purchase rate of 24%. The company keeps its costs low due to strong and direct connections with manufacturers in Turkey, Syria, and other countries.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$109,413

$15,483

COGS

$91,912

$12,469

Tax

$0

$0

 

 

Net Income

$8,523

$587

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$13,490

$0

Accounts Receivable

$0

$0

Total Assets

$13,490

$4,967

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 09/29/2019
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Layali on Republic
Platform: Republic
Security Type: SAFE
Valuation: $2,500,000

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