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myUDAAN isn't accepting new investments

myUDAAN’s deadline was June 26, 2021

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myUDAAN

Assistive mobility solutions for the elderly and persons with disabilities
B2C Healthcare Founders with Disabilities AAPI Founders Apps
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Featured image of myUDAAN
$37,475
Raised
140
Investors
Successfully funded and closed on June 26, 2021.
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Closed on June 26, 2021. Information may not be up-to-date. Campaign closed on June 26, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Abletek, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
myUDAAN Crowd SAFE MyUDAAN Form C.pdf
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Hear from some of the 140 investors in myUDAAN


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Highlights


Venture-backed
Company is backed by a venture capital firm
  • 🗣 2020 NCPEDP Award & the 2020 Disability Innovations Lab winners
  • 🗣 Finalist on India Meet the Drapers 2020
  • 💸 Received technology funding from Faster Capital
  • 📈 610+ customers in the first few months of launch with 43% retention
  • 💰 Operating at a gross margin of 20%
  • 🌱 Impacting the lives of 170+ million People with Disabilities and Elderly

Problem


Mobility is the single largest problem faced by people with disabilities and the elderly

People with disabilities are among the most marginalized groups in the world.

170 million Indians face challenges related to mobility
8 out of 10 people do not venture out of their homesAccessible transport & assistance is nearly non-existent

Disability is now understood to be a human rights issue. People are disabled not only by their bodies but also by society. 

15.3% of the world’s population lives with some form of disability 

These barriers can be overcome by: 

  • Promoting access to mainstream service
  • Investing in Specific programs for people with disability
  • Providing adequate funding
  • Increasing public awareness and understanding of disability

Solution


myUDAAN: A one-stop solution for all problems related to mobility

We empower individuals to take control of their independence.

myUDAAN is a technology-driven service that enables the PwD and Elderly to book on-demand Mobility Assistants, get information on Accessibility, and get access to Mobility & Mobility Products. Assistive Technology coupled with our in premise/outdoor Assistants will solve last-mile mobility issues, it also provides accessibility information not available on another medium.

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Product


A single epicenter app that connects users to mobility products and services

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Our core product is our assistive technology app which provides mobility, mobility services & mobility products. Our app has unique industry-first accessibility and mobility assistance service. We also have a host of different products and services that increase the quality of life for our users. Finally, we offer a comprehensive and vetted care program that provides on-demand assistants for in-premise and outdoor mobility.

Our products and services are inclusive by nature

Watch in Sign Language: Book on-demand wheelchair assistant

Traction


3x award winners for our work with disability innovations

myUDAAN is an award-winning platform. We were winners of the 2020 NCPEDP Award, the 2020 Disability Innovations Lab, and 2020’s Meet the Drapers. Participating in Mercedes Benz Research & Development, and receiving technology funding from Faster Capital.

The Highlights: 

Customers


We help anyone with difficulties around mobility – especially the elderly, people with disabilities, and more

In India alone,140M+ elderly people face mobility challenges. On an individual basis, mobility challenges restrict independence and dignity – and on a societal level, exclusion creates social stigma and dependence. Our company is created to help all these people. We’ve had the joy of helping people attend dance recitals for the first time in years, and expand everyone’s world.

Hear from our users: 

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Business model


Omnichannel revenue stream with free customer acquisition

myUDAAN employs an omnichannel business model. We accrue revenue through bookings of assistants, sales of assistive mobility products, general sales, and introducing mobility devices to new customers and companies. We have free customer acquisition through our accessibility service and have seen 43% customer retention, as well as a gross margin of 20%. 

We have done extensive R&D and proof of concept for 10 months and started with paid service in September '20. We have received an outstanding response from our users, and the company is seeing an upward trend. As shown in our Customers section, our feedback and brand image have been excellent.

Market


Assistive mobility is a $6.2B+ market

Our Total Addressable Market is the $6.2B+ assistive mobility market. By 2025 the elderly and PwD population in India will increase to 189 million.

Our primary marketing strategies will entail direct to customer approach through digital media. 

We began by recognizing that each individual faces a different mobility challenge and a one-size-fits-all approach would fit none. Our company has crafted its services and products to reflect the vast range of needs and mobility preferences.

Competition


myUDAAN is the only company providing an epicenter for mobility needs

myUDAAN enjoys a first to market competitive advantage in a fragmented market. We are the only single epicenter platform that provides all inter-related mobility solutions. We also have a one-of-a-kind mobility assistant service, which allows customers to book assistants just as they would an Uber. Finally, we are passionate about creating a mobility ecosystem that provides freedom and independence to our users. 

Vision and strategy


Expanding our platform, products, and geographical scope

myUDAAN is planning a massive expansion on virtually all fronts. We plan to be available across India within the next six years. In that time, we will also build out more one-stop solutions for disability schemes and certificates, introduce a dedicated marketing platform, and create a news-only related platform for our targeted community. In short, we will continue following our company's mission to bring dignity and freedom to everyone.

Geographic Expansion Plans

Our vision is to revolutionize assistance, accessibility, mobility, and inclusion through a single epicenter technology and reach 170 million PwDs and elderly people. 

Funding


Self-funded and ready for growth

Raising to solidify our standing as India’s leading mobility epicenter

myUDAAN is currently raising funding to support our scaling and advertising efforts. Current investors include Faster Capital. With your support, we can dominate the currently fragmented market and establish ourselves as the leading epicenter for India’s mobility services and products. 

Founders


Ravindra is an entrepreneur who always wanted to create a social impact startup. Anil, on the other hand, was already growing successful startups.  They have known each other for a decade and have come together as founders of myUDAAN. 

Ravindra is driven by his passion and supported by Anil's experience. 

Deal terms


Valuation cap

$3,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for myUDAAN occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that myUDAAN is accepting.
Learn more

Funding goal

$107K

myUDAAN must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $107K.
Learn more

Deadline
myUDAAN needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Abletek, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
myUDAAN Crowd SAFE MyUDAAN Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in myUDAAN.
Invest
$150
Receive
  • Social Impact Contributor on myUDAAN website.
Invest
$250
Receive
  • Personal mention myUDAAN website
Invest
$500
Receive
  • Personal mention myUDAAN website
  • Personal mention on myUDAAN Social Media
Invest
$1,000
Receive
  • Personal mention myUDAAN website
  • Personal mention on myUDAAN Social Media
  • myUDAAN Digital Badge
Invest
$1,500
Receive
  • Personal mention myUDAAN website Personal mention on myUDAAN Social Media myUDAAN Digital Badge
Invest
$2,000
Receive
  • Personal mention myUDAAN website
  • myUDAAN Digital Badge
  • Built on myUDAAN T-Shirt
Invest
$2,500
Receive
  • myUDAAN website Personal mention on myUDAAN Social Media myUDAAN Digital Badge
Invest
$5,000
Receive
  • Personal mention on myUDAAN website
  • myUDAAN Digital Badge
  • Built on myUDAAN T-Shirt
  • Meet myUDAAN team
Invest
$10,000
Receive
  • Personal mention on myUDAAN website
  • myUDAAN Digital Badge
  • Built on myUDAAN T-Shirt
  • One Manual Wheelchair Donation mentioning your name
Invest
$50,000
Receive
  • Personal mention on myUDAAN website
  • myUDAAN Digital Badge
  • Built on myUDAAN T-Shirt
  • One Motorised Wheelchair Donation mentioning your name
Invest
$100,000
Receive
  • Pro-Rata Rights for major investors

Why others invested

See all reviews (0) See all (0)

I want to make a difference to those differently abled and challenged. I would like to make a difference in whatever way I can. I believe myUdaan is making a significant contribution in this direction and will be a game changer amongst social causes.

Profile picture of Amar Salvi
Amar Salvi
Investor
about 4 years ago

I want all people to strive in life the best way they can, with or without disabilities. Being able to move around easily is crucial. That is why I think your service is fulfilling and will be fulfilling this important mission in the future.

Profile picture of Greta Lawani
Greta Lawani
Active investor
almost 4 years ago

I invested because I believe that this a bigger problem than people realize or admit. I am personally affected by physical obstacles and the lack of real options for those who have physical limitations.

Profile picture of David Schultz
David Schultz
Active investor
about 4 years ago

About myUDAAN

Legal Name
Abletek, Inc.
Founded
Nov 2020
Form
Delaware Corporation
Employees
2
Website
myudaanstore.com
Social Media
Headquarters
Google Map location of of myUDAAN
1110 Encanto Drive , Arcadia, CA
Headquarters
1110 Encanto Drive, Arcadia, CA, United States 91007

myUDAAN Team
Everyone helping build myUDAAN, not limited to employees

Profile picture of Ravindra Singh
Ravindra Singh
Founder - CEO
Featured in Superheroes · Read
Our Founder is himself a Person with a disability. 15 years with various management roles. Also, an entrepreneur having run his own business in Marketing Space.
Profile picture of Anil Pereira
Anil Pereira
Cofounder - COO
Management from SJMSOM, IIT Mumbai. et up start-ups like Medlife & Askme. 25+ years in top leadership roles in Multinationals in India, APAC & US.
Ravindra Singh
Founder - CEO
Anil Pereira
Cofounder - COO

Press

Giving Wings to Disability - Ravindra Singh from MYUDAAN
Story of Souls Story of Souls
·
Dec 31, 2020

It is said that there is no greater disability in society than the inability to see a person as more. - by Robert M. Hens...

myUDAAN (Tekra solution Pvt Ltd) - FasterCapital is commi...
FasterCapital FasterCapital
·
Dec 3, 2020

FasterCapital will invest $225000 in myUDAAN (Tekra solution Pvt Ltd) by becoming its Technical partner. myudaan is a tec...

"It is our passion to create a Mobility ecosystem for Per...
Influencestories Influencestories
·
Oct 29, 2020

Ravindra Singh, a person with post-polio paralysis who faced many challenges in accessibility and mobility in his life, b...

#InclusionChamps - 'Want to create entrepreneurs from dis...
Newz Hook - Changing Attitudes towards Disability Newz Hook - Changing Attitudes towards Disability
·
Sep 22, 2020

Ravindra Singh's mission is to build an ecosystem for people with disabilities and the elderly. An endeavor that led him ...

This Navi Mumbai startup provides free wheelchair service...
YourStory.com YourStory.com
·
Mar 19, 2020

Ravindra Singh was diagnosed with post-polio paralysis when he was just eight months old. He and his family dealt with th...

Book a wheelchair assistant service at Navi Mumbai malls ...
Newz Hook - Changing Attitudes towards Disability Newz Hook - Changing Attitudes towards Disability
·
Jul 31, 2019

There's lots to do in a mall but walking around such a large area is not an enjoyable prospect for people with mobility c...

myUDAAN aims to bring accessibility, independence to the ...
Newz Hook - Changing Attitudes towards Disability Newz Hook - Changing Attitudes towards Disability
·
Mar 3, 2019

Mumbai entrepreneur Ravindra Singh is always on the move. Singh has a marketing business, a role that requires daily trav...

Meet the Drapers | Season 4 - DraperTV
Drapertv Drapertv

Meet the Drapers, Brand Accelerator Speaker Series Meet The Drapers is a groundbreaking reality show in Silicon Valley wh...

National Federation of Blind
Nfbkarnataka

National Federation of Blind Karnataka state branch which is commonly known as NFB Karnataka, came into existence on 10th...

This Navi Mumbai startup provides free wheelchair service...
Dailyhunt Dailyhunt

Ravindra Singh was diagnosed with post-polio paralysis when he was just eight months old. He and his family dealt with th...

Show all
Logo of myUDAAN

myUDAAN

myUDAAN successfully raised $37,475 from 140 investors on June 26, 2021
Profile picture of Takashi Sengoku
Profile picture of Amar Salvi
Profile picture of Khuzema A Savai
Profile picture of Sohrab Bonshahi
Profile picture of KATHERINE GRIGGS
Takashi, Amar, Khuzema A, Sohrab, KATHERINE, and 135 others invested. 38 Reviews
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