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Operating

Lets Dive Inc.

Industrial & Manufacturing · Founded 2020

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Valuation cap ⓘ

$23.4M

As of May 2023 · from Reg CF Offering (2023) · a SAFE/note conversion ceiling, not a priced valuation

Total raised

$2,807,394

Crowd $0 · Private $2.8M · 3 rounds since 2020

Latest share price

$0.6867

Section 4(a)(2) · Series Seed Preferred · Aug 2020 offering price

Financials

FY2020–FY2021 · from SEC filings · hover any figure for its source

$50

−$107K

2020

$7K

−$827K

2021

RevenueNet income — beside revenue when positive, below the line when a loss

Metric

FY2020 reviewed*

FY2021 reviewed*

Income statement

Revenue

$50

$6,849

Cost of goods sold

$254,916

Gross margin

96%

-3622%

Net income

-$106,994

-$826,920

Taxes paid

$5,709

Balance sheet

Cash

$1,484,720

$1,869,138

Accounts receivable

$7,005

Total assets

$1,499,069

$1,927,891

Short-term debt

$7,671

$41,450

Long-term debt

$200

Total liabilities

$7,871

$41,650

Other

Headcount

—

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Valuation caps on SAFE / convertible note rounds

$23.4M

Valuation cap

Reg CF · SAFE · Mar 2023

Dashed amber bars are a SAFE or convertible note's valuation cap — the most it converts at, not what the company is worth.

Fundraising history

Reg CF · SAFE · Mar 2023Withdrawnvia Republic

Raised $9K / $1.2MInvestors 48Valuation cap $23.4M

Section 4(a)(2) · SAFE · Jan 2020Closed

Raised $1.2M

Section 4(a)(2) · Series Seed Preferred · Aug 2020Closed

Raised $1.6M

Team

2 people

Nitesh Agrawal

Chief Executive Officer

Om Prakash Shanmugam

Director

Names and titles as disclosed on SEC Form C. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Not obligated

never closed a Reg CF raise

48 investors

holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

Form CMar 24, 20230001954274-23-000001
EDGAR

Source: ManualCIK 0001954274Share price $0.6867

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.