Part A: Information about the offeror or the person seeking admission to trading
No.
Field
Content
A.1
Name
Swaraj Inc.
A.2
Legal form
N/A
A.3
Registered address
N/A
A.4
Head office
N/A
A.5
Registration date
20 January 2022
A.6
Legal entity identifier
254900AXYKJNHMTSLG88
A.7
Another identifier required pursuant to applicable national law
N/A
A.8
Contact telephone number
+14099168435
A.10
Response time (days)
30 days
A.11
Parent company
N/A
A.12
Members of management body
Muhamed Ashhar — Co‑Founder & Co‑CEO; Faizy Ahmed — Co‑Founder & Co‑CEO
c/o Intershore Chambers,
Road Town, Tortola,
British Virgin Islands
A.13
Business activity
Development and operation of AI-powered Web3 entertainment products, Astra Nova.
A.14
Parent company business activity
N/A
A.15
Newly established
False
A.16
Financial condition for the past three years
Since incorporation on 20 January 2022, Swaraj Inc. has primarily focused on product development and market entry. The company has raised funds through token sales and partnerships to finance its operations. Revenues have been generated from NFT sales, early gaming products, and ecosystem partnerships. Expenditures were mainly allocated to product development, marketing, and operational setup. The company continues to maintain sufficient financial resources to execute its roadmap and meet foreseeable obligations.
A.17
Financial condition since registration
Since its incorporation on 20 January 2022, Swaraj Inc. has been primarily engaged in the development and launch of the Astra Nova. The company has operated as an early-stage growth venture, financed through token sales, strategic partnerships, and early product revenues.
2022 (Incorporation Year):
Activities were limited to company formation, legal structuring, and initial product planning. Expenses consisted mainly of incorporation costs, advisory fees, and early-stage development. No significant revenue was generated during this period.
2023 (Early Development Phase):
Swaraj Inc. achieved initial commercial traction, generating approximately USD 250,000 in revenue from two NFT collections and the launch of its mobile game, Deviants: Fight Club. Operating expenses grew in line with team expansion and early marketing. The company remained dependent on founder contributions and community support, with operations focused on building core IP.
2024 (Scaling & Fundraising):
The company raised approximately USD 4.7 million in token-based funding across seed, private, and community rounds, securing sufficient resources to scale. Additional revenues were generated through continued community engagement. Operating expenses reflected growth in headcount, product development, and exchange listing preparations. Treasury management strategies were implemented to safeguard liquidity, with no material debt obligations incurred.
2025 (Current Period):
Swaraj Inc. continues to focus on product expansion, token launch preparations, and exchange partnerships. The company maintains sufficient liquidity from treasury token reserves and previously raised funds to execute its roadmap over the next 12–18 months. Financial condition remains consistent with that of an early-stage venture: operating at a net loss due to heavy investment in product development, but supported by a strong balance sheet and adequate funding.
Overall Review:
Swaraj Inc.’s financial condition since registration demonstrates progressive development from initial setup to commercialization and scaling. Revenues remain modest relative to expenditures, as expected for a high-growth technology venture, but external funding and treasury reserves ensure the company is positioned to continue operations and deliver on its roadmap.
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