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31 investors
First Tranche
Shares will be sold at a 20 % discount
$0 share value remaining
$0.8 Price/Share
Second Tranche
Shares will be sold at a 10 % discount
$0.9 Price/Share
Third Tranche
Shares will be sold at a 0 % discount
$1 Price/Share
Fourth Tranche
- share value remaining
At the moment, we are the ONLY social mobile app for used cars both regionally and globally. Our targeted customers are well-defined (used-car dealers) so reaching them is going to be easy and at a low cost compared to other online and mobile apps that target a less defined customers base. Our plan ... see more.
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At the moment, we are the ONLY social mobile app for used cars both regionally and globally. Our targeted customers are well-defined (used-car dealers) so reaching them is going to be easy and at a low cost compared to other online and mobile apps that target a less defined customers base. Our plan is to sign on 20 paying customers (dealerships) by the end of 2014. We aim to expand geographically to four countries over the next three to four years: Proposed Countries: KSA, Jordan, Turkey and Egypt
The market is littered with loud and ineffective second hand car services. There is no centralized online location for someone interested in buying a car to go to, and the hassles of the offline market make it an unpleasant experience. For those of us who aren’t car salesman and don’t want the inconvenience of touring car dealerships, Cary! is the solution you’ve been waiting for. Cary! is a hassle free approach to auto trading, done through the convenience of your mobile.
Cary! is the world’s first social auto trading mobile app. Its also an innovative smart platform for buying or selling automobiles worldwide. It is an end-to-end application. It eases and simplifies the secondhand car buying process from searching to purchasing the cars anytime and anywhere in the world. Finally, Cary! is a platform that provides for the needs of both of both Car Dealers (B2B) as well as those looking to buy secondhand cars (B2C).
What We’ve Achieved So Far (January 2014): Number of downloads Android + IOS = 10,000 Number of registered users = 600 Number of cars listed = 200
Cary! Is the world’s first social media mobile app to sell and buy cars in two easy steps: 1) your car can be listed on Cary!, or 2) you can browse through our listing for your dream car.
Cary! is the world’s first social auto trading mobile app An innovative smart platform for buying or selling automobiles worldwide. Cary! is an end-to-end application that eases and simplifies the secondhand car buying process from searching to purchasing the cars anytime and anywhere in the world. Cary! is a platform that provides for the needs of both of both car dealers (B2B) as well as those looking to buy secondhand cars (B2C).
To hire a sales team To hire full time developers and programmers To further develop the app to a new advanced version To grow regionally
The following is how we envision the Cary! Exit Strategy (in order of likelihood): Merging with larger global online auto-trading platform Company buying back the shares Acquisition by venture capital fund Acquisition by larger global online auto-trading platform
Public documents
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The Entrepreneurs listed on our Website are private companies. When considering investing in private companies, you must take into account the following risks: Your investment may lose value - The Entrepreneurs that you may invest in through our Website are private start-up, early-stage or small to medium sized companies that are looking to launch a product or service and may not have a proven track record. Your investments are illiquid – By definition, there is no public market for private companies and there may never be a market for the shares in the Entrepreneurs in which you decide to invest. Accordingly, you may not be able to sell these shares or realize any profit (even a return of capital) from any investment that you make. Private companies are not required to report on their financial status like public companies – While the Entrepreneurs that list on our Website will commit to us to regularly update shareholders regarding their performance through our Website, there is no guarantee that they will adhere to this commitment and we do not guarantee that we will take action against them if they fail to so adhere. Private companies are not subject to the same regulatory requirements as a public company - When a company goes public they are required to disclose specific information and adhere to strict regulations with regard to their actions, disclosure and corporate governance. The Entrepreneurs listed on our Website are not subject to the same requirements. Voting rights and other Pitch terms – You should read the terms of any Pitch carefully in order to understand what rights are being granted by the Entrepreneurs in which you choose to invest. In the majority of cases, the number of shares being offered by Entrepreneurs will not reach the threshold required to allow such shares to influence any decisions or corporate actions taken by the Entrepreneurs. Entrepreneurs may not offer any minority shareholder rights (such as tag along, drag along, veto rights or anti-dilution rights) and even if they do offer such rights, there is no guarantee that these rights are legally enforceable or that you will have any recourse against the Entrepreneur in the event that they fail to honor any of the rights granted. While Eureeca will make every effort to ensure that Entrepreneurs adhere to the Pitch terms following Closing of any Pitch, Eureeca will not be liable to you for any failure by the Entrepreneur to do so. Disclosure in the Pitch – A well prepared Pitch will describe the various risks and conflicts of interest relating to the Entrepreneur, the Pitch and the Entrepreneur’s operations and we will guide the Entrepreneurs to assist them in preparing full and fair disclosure of all risks in their Pitch. However, we have no ability to assess whether all such risks have been accurately described or disclosed and will not have any responsibility for any failure to do so. Before making any investment decisions, you should fully assess the risks attached to any investment and should query any matters where you feel inadequate risk disclosure has been made. Business Failure Rates – You may assess the actual and expected failure rates of businesses on the platform by clicking here. Complaints Process – If a client has any complaints or queries about the services provided by Eureeca or in relation to the Eureeca Platform, they should contact us on [email protected] A complaint must include: (i) the Client’s name and surname (ii) the Client’s User ID (iii) the affected transaction number(s), if applicable (iv) the date and time that the issue arose, and (v) an accurate description of the issue. Upon receiving information about the complaint, Eureeca will write to the complainant to acknowledge that the complaint has been recorded and is receiving the firm’s attention within 48 hours of receipt of being notified of the complaint. Eureeca will nominate a person who is not directly involved in the matter to carry out an investigation (the complaint officer). Within 30 days of the complaint, Eureeca shall write to the complainant to explain the firm’s views on the matter and the action, if any, it proposes to take. Eureeca will record all relevant details of the complaint in the firm’s complaints register for internal record purposes. If the complaint cannot be resolved within 30 days, the complainant should be provided with a progress report which includes details as to why the complaint has not been resolved and when the complainant can expect a resolution. Keep in mind that the past performance of any investment is not necessarily indicative of future results. You should only commit money that you can afford to lose to any investment on our website. Private company investments are not for everyone and entail risks that are different from more traditional investments. You should obtain investment and tax advice from your advisers before deciding to invest. Eureeca does not provide any investment, legal or tax advice and will not have any liability for any legal, investment or tax issues in connection with any investment you decide to make.
The Entrepreneurs listed on our Website are private companies. When considering investing in private companies, you must take into account the following risks:
Your investment may lose value - The Entrepreneurs that you may invest in through our Website are private start-up, early-stage or small to medium sized companies that are looking to launch a product or service and may not have a proven track record.
Your investments are illiquid – By definition, there is no public market for private companies and there may never be a market for the shares in the Entrepreneurs in which you decide to invest. Accordingly, you may not be able to sell these shares or realize any profit (even a return of capital) from any investment that you make.
Private companies are not required to report on their financial status like public companies – While the Entrepreneurs that list on our Website will commit to us to regularly update shareholders regarding their performance through our Website, there is no guarantee that they will adhere to this commitment and we do not guarantee that we will take action against them if they fail to so adhere.
Private companies are not subject to the same regulatory requirements as a public company - When a company goes public they are required to disclose specific information and adhere to strict regulations with regard to their actions, disclosure and corporate governance. The Entrepreneurs listed on our Website are not subject to the same requirements.
Voting rights and other Pitch terms – You should read the terms of any Pitch carefully in order to understand what rights are being granted by the Entrepreneurs in which you choose to invest. In the majority of cases, the number of shares being offered by Entrepreneurs will not reach the threshold required to allow such shares to influence any decisions or corporate actions taken by the Entrepreneurs. Entrepreneurs may not offer any minority shareholder rights (such as tag along, drag along, veto rights or anti-dilution rights) and even if they do offer such rights, there is no guarantee that these rights are legally enforceable or that you will have any recourse against the Entrepreneur in the event that they fail to honor any of the rights granted. While Eureeca will make every effort to ensure that Entrepreneurs adhere to the Pitch terms following Closing of any Pitch, Eureeca will not be liable to you for any failure by the Entrepreneur to do so.
Disclosure in the Pitch – A well prepared Pitch will describe the various risks and conflicts of interest relating to the Entrepreneur, the Pitch and the Entrepreneur’s operations and we will guide the Entrepreneurs to assist them in preparing full and fair disclosure of all risks in their Pitch. However, we have no ability to assess whether all such risks have been accurately described or disclosed and will not have any responsibility for any failure to do so. Before making any investment decisions, you should fully assess the risks attached to any investment and should query any matters where you feel inadequate risk disclosure has been made.
Business Failure Rates – You may assess the actual and expected failure rates of businesses on the platform by clicking here.
Complaints Process – If a client has any complaints or queries about the services provided by Eureeca or in relation to the Eureeca Platform, they should contact us on [email protected]
A complaint must include:
(i) the Client’s name and surname
(ii) the Client’s User ID
(iii) the affected transaction number(s), if applicable
(iv) the date and time that the issue arose, and
(v) an accurate description of the issue.
Upon receiving information about the complaint, Eureeca will write to the complainant to acknowledge that the complaint has been recorded and is receiving the firm’s attention within 48 hours of receipt of being notified of the complaint.
Eureeca will nominate a person who is not directly involved in the matter to carry out an investigation (the complaint officer).
Within 30 days of the complaint, Eureeca shall write to the complainant to explain the firm’s views on the matter and the action, if any, it proposes to take.
Eureeca will record all relevant details of the complaint in the firm’s complaints register for internal record purposes.
If the complaint cannot be resolved within 30 days, the complainant should be provided with a progress report which includes details as to why the complaint has not been resolved and when the complainant can expect a resolution.
Keep in mind that the past performance of any investment is not necessarily indicative of future results. You should only commit money that you can afford to lose to any investment on our website. Private company investments are not for everyone and entail risks that are different from more traditional investments. You should obtain investment and tax advice from your advisers before deciding to invest. Eureeca does not provide any investment, legal or tax advice and will not have any liability for any legal, investment or tax issues in connection with any investment you decide to make.
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