MARetail marketplace · SPA (Preferred Shares) · UAE · direct investment · first invested Apr 2021
Mayple
ExitedInvested$35.0kat cost · 1 ticket
Realised$91.0kproceeds
MOIC2.60xrealised
Ownership—no cap table on file
Next round—none recorded
IRR47.1%workbook, per ticket dates
Thesis vs. reality · what we underwrote at entry, measured against now
What must be trueEach claim is what the company said would be true, checked against the filed accounts and later updates. A claim with no second source stays on watch.
Entry memo on fileInvestment Memo - Mayple.docx · Oct 2021. Its claims have not been extracted, so nothing is tracked against it yet. Not tracked
Latest founder update
No founder update for Mayple is in the data room.
Watch & flags
What to keep an eye on
NoteMayple and Lava.ai amounts are swapped in the Aug 2024 tracker
Our position
PositionIncubayt's tickets and marks come from the IRR workbook; the legal entity from the company's cap table or registers.
InstrumentsSPA (Preferred Shares) $35.0k (Apr 2021)
Company valuation$6.00mm · workbook
BoardNot recorded
Legal entityNot recorded