SkyHi on Republic

Monthly subscription for flat rate airline tickets

Raise to date: $16,471

Reporting Date: 11/13/2019

Key Stats

Minimum Raise

$25,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

10/29/2019

Stop Date

01/30/2020

Days Remaining

76

Security Type

SAFE

Investment Minimum

$100

Deal Type

No Review


Investment Summary

Status

Active

# of Investors

78

% of Minimum Raised

66%

% of Maximum Raised

2%

Dollars Per Day to Reach Max

$13,862

DPD* Committed

$1,098

DPD* Category

$0

DPD* All Companies

$1,328

Kingscrowd Momentum

$16,471

Total Dollars Raised

Commitments

Weekly Commitments ($)
Aggregate Commitments ($)

SEC Filing Data from Kingscrowd

SkyHi, with a valuation cap of $10 million, is raising funds on Republic. The SkyHi platform offers a subscription service to travelers to book airline tickets at flat prices. The members pay a monthly subscription fee of $199 and get air tickets to their preferred destinations at flat $35, $75, or $120, depending on the distance. SkyHi was founded by Rama Poola and Vivek Poola in February 2016 and has raised over $1.125 million since its inception. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used for expansion, improving the search algorithms, for growing the team. SkyHi is already serving 93 cities and 4,200 routes in North America and Europe. The company has an ARR of more than $600,000 and has 25% margins on ticket sales.

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