Join 6 others & invest in Weladela

Early Adoption Discount

  • 1st.

    First Tranche

    Shares will be sold at a 15 % discount

    £34,701.31 share value remaining

    £65.28 Price/Share

  • 2nd.

    Second Tranche

    Shares will be sold at a 10 % discount

    £48,000 share value remaining

    £69.12 Price/Share

  • 3rd.

    Third Tranche

    Shares will be sold at a 5 % discount

    £48,000 share value remaining

    £72.96 Price/Share

  • 4th.

    Fourth Tranche

    Shares will be sold at a 0 % discount

    £48,000 share value remaining

    £76.8 Price/Share

Minimum investment size 500 500

How much do you want to invest?
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Available for investment $482,684
Exchange rate applied for this proposal:
Number of shares to be purchased$
Price/Share before discount$
Note: This proposal accepts overfunding; remember it is optional whether the proposal owner decides to accept any overfunding commitments.
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Why Weladela?

Why invest?

- A highly profitable business model with multiple revenue streams which can be added in future.
- No direct competition as of now
- Low investment and high returns
- Licensed in Mainland Dubai, UAE
- Fully Regulated Process
- Special permits are obtained from concerned government department fo ... see more.

Notable Press

https://www.khaleejtimes.com/selling-or-buying-used-cars-was-never-so-easy https://www.gitexfuturestars.com/exhibitors/weladela-portal

The Investors

2 new
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Latest Update

The Team

Founder & CEO
Co-founder & CTO
Co-Founder & CFO
Meet the Team

World’s first online marketplace for buying & selling used cars through raffle draw

Why Weladela?

- A highly profitable business model with multiple revenue streams which can be added in future.
- No direct competition as of now
- Low investment and high returns
- Licensed in Mainland Dubai, UAE
- Fully Regulated Process
- Special permits are obtained from concerned government department for each raffle draw
- Raffle draws are conducted by Government Official after necessary verification of all the entries

Notable Press

https://www.khaleejtimes.com/selling-or-buying-used-cars-was-never-so-easy https://www.gitexfuturestars.com/exhibitors/weladela-portal

The Business

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WelaDela helps car owners sell their used cars with a simple fun raffle draw for the desired price to people who want to get their hands on the best deal without paying much.

It’s pretty simple; seller will post ad for his used car. We divide the car price by six hundred and sell that many item. Once all items are sold, we conduct a raffle draw. And it’s all done with oversight from the concerned Government department to keep it honest. And in the process, customers also earn redeemable reward points. This mean that even if they don’t win the car, their money is not wasted. They can redeem their reward points for future purchases on website.

The number of passenger cars in use in the GCC region is expected to grow at 5 percent annually from an estimated 10.3 million in 2015 to 13.2 million in 2020. There were 468,265 cars listed online in the UAE in 2018, with a total value amounting to 32B AED. The most popular year model being 2015 (3-year-old cars). The market is expected to head towards consolidation as classified portals are gaining prominence as one stop solution for used car. Reducing average ownership age of used car is another key factor for higher price of used cars. A number of operational and marketing changes are expected to happen in the market as the companies are becoming more customers centric.

Product & Geographic expansion = 40%

Marketing & Customer Acquisition = 40%

Working Capital = 20%

- We plan to offer a Share Buyback to all shareholders investing in this round five years following the issuance of shares. The price per share at which the Buyback will be offered shall be determined based on the market value of the Company at that point.
- We aim to pay all shareholders an annual dividend whenever possible. This shall ultimately be at the discretion of the Board of Directors, who will approve the dividend payment based on the Company’s annual performance.
- We anticipate a possible acquisition by a global entity taking place over the next 5-7 years, which is very likely to yield a high multiple exit to any shareholders present at the time.

Public documents

The Investors

Early Adoption Discount

  • 1st.

    First Tranche

    Shares will be sold at a 15 % discount

    £34,701.31 share value remaining

  • 2nd.

    Second Tranche

    Shares will be sold at a 10 % discount

    £48,000 share value remaining

  • 3rd.

    Third Tranche

    Shares will be sold at a 5 % discount

    £48,000 share value remaining

  • 4th.

    Fourth Tranche

    Shares will be sold at a 0 % discount

    £48,000 share value remaining

0 - 7,680

Gold Investor
Gold Investor
Gold Investor

7,680 - 76,800

Gold Investor

76,800+

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Financials

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Q&A

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