Question 1

Hello, I see in 2019 you did $2.2M revenue $0 profit, and in 2020 it went downhill to $967K revenue and $400K loss. 1) Please why is that? 2) How will your numbers for 2021 most likely look like to the best of your knowledge? Thank you, V.

Accepted Answer

Hi Vilem, Early numbers show that our Dec 12 month run rate revenue(ARR) of ~1.8M with 2021 revenue of ~1.4M (Our accountant is still working on 2021 books). We continued to grow despite the Delta and Omicron impact in the second half of 2021. We are expecting the same trending. Like to share the exciting news that we are having a good start in 2022 and have closed total contracts worth more than $750K in the last couple of weeks. -Meghana Subramanian

Question 2

Hi Meghana and Binu. Some questions, please. (1) "Our goal is to release extraSlice's CRE web platform to simplify the end to end office leasing process by Q1 2022". So looks like the platform is still in development and at first will only support the CRE model. When do you an...

Accepted Answer

Shardul, these are all excellent questions and please find the answers below. Thank you for taking the time to know extraslice and its potential. (1)Hi Meghana and Binu. Some questions, please. "Our goal is to release extraSlice's CRE web platform to simplify the end to end office leasing process by Q1 2022". So looks like the platform is still in development and at first will only support the CRE model. When do you anticipate having the necessary features to support the full service marketpl...

Question 3

Hello Meghana/Binu, I see you have answered most questions quite brilliantly. However I would love to discuss further, first having a more detailed look at your financials including projections especially for the industry you're in and also about alternative funding opportunit...

Accepted Answer

Thank you, Richard. We are currently focused in finishing this round under REG CF. Will be in touch with you soon. - Meghana Subramanian

Question 4

how does the revenue share work?

Accepted Answer

Landlords( direct or sublease) sign a management agreement with extraSlice to brand, market, sell, operate and manage a full serviced plug-n-play office business in their office space. extraSlice works to find and place client companies in that office space. After expenses, revenue is shared with the Landlords and they receive 70-80% of the revenue(depending on the amenities provided by the landlord), extraSlice keeps the balance. Businesses are looking for new distributed offices and demand ...

Question 5

Who are your competitors- wework? How are you different from them and are their other competitors doing this?

Accepted Answer

Our biggest competition is traditional real estate leasing. Brokerage firms like CBRE, JLL, etc. control most of the client relationships today. Their process is inefficient, non-transparent and cumbersome with high transaction cost. Technology these brokerage firms are focused is on helping their current process and not focused on the tenant or landlord experience. Shared office providers like WeWork, Regus provide quick setup. However, this option is economical only when the team size is 15...

extraSlice Inc.

Office Space Simplified

$399,292

extraSlice Inc.

Quick facts

Team profiles

Featured investor profiles

$399,292

Ask