Obi

Access all the major ridehails and taxis around the world in one app

Analytics

Raised to Date: $296,190

Aggregate Commitments $
Platform

Republic

Start Date

02/22/2021

Close Date

06/30/2021

Min. Goal

$25,000

Max. Goal

$535,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Series A

Valuation Cap

$19,500,000

Discount Rate

0%

Rolling Commitments $
Status

Active

Reporting Date

06/09/2021

Days Remaining

18

% of Min. Goal

1,185%

% of Max. Goal

55%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,768

# of Investors

597

Momentum
warm
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Location

New York, New York

Industry

Transportation, Automotive, Aviation, & Aerospace

Tech Sector

AutomationTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Business Type

Growth

Obi, with a valuation cap of $19.5 million, is raising crowdfunding on Republic. The mobile application allows users to access all ride-hail apps, compare prices across them, and save money. The users get to take the best ride at the best price. Payam Safa founded Obi in 2014 and has raised over $3.5 million since the inception. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $250,000, will be used for launching in new markets, integrating direct suppliers, and building innovative product features. Obi has over 130,000 users and more than 235,000 ride bookings to date. The app is accelerated by Plug and Play Tech Center and incubated by Amadeus for Startups.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$758

COGS

$134

$3,637

Tax

$0

$0

 

 

Net Income

$-925,678

$-631,133

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$801,629

$308,457

Accounts Receivable

$14,880

$0

Total Assets

$832,629

$315,257

Short-Term Debt

$60,575

$157,864

Long-Term Debt

$0

$425,000

Total Liabilities

$60,575

$582,864

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