SkyHi on Republic

Monthly subscription for flat rate airline tickets

Raise to date: $291,156

Reporting Date: 03/01/2020

Key Stats

Minimum Raise

$25,000

Maximum Raise

$1,070,000

Likelihood of Max Unlikely
Start Date

10/29/2019

Stop Date

02/29/2020

Days Remaining

Closed

Security Type

SAFE

Investment Minimum

$100

Deal Type

Deal to Watch


Investment Summary

Status

Confirmed Closed

# of Investors

1,091

% of Minimum Raised

1,165%

% of Maximum Raised

27%

Dollars Per Day to Reach Max

N/A

DPD* Committed

$2,367

DPD* Category

$0

DPD* All Companies

$1,153

Kingscrowd Momentum

$291,156

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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