Subziwalla
Early Stage
Subziwalla allows shoppers to buy all of their Indian groceries quickly and in one place.
Overview
$90,261 - RegCF
$321,261 - Total
$321,261 - Total
Total Commitments ($USD)
Platform
SeedInvest
Start Date
02/21/2019
Close Date
04/08/2019
Min. Goal
$25,000
Max. Goal
$750,000
Min. Investment
$1,000
Security Type
Equity - Preferred
SEC Filing Type
RegCF
/ RegD 506(c)
Price Per Share
$2.44
Pre-Money Valuation
$2,500,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2019
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,006
Momentum
Funded
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Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Location
Atlanta, Georgia
Subziwalla, a one-stop shop for Indian groceries with a pre-money valuation of $2.5 million, is raising on SeedInvest. The company provides fresh produce, frozen items, and about 4,000 other Indian ingredients to the doorstep of the shoppers. The products are procured fresh from the suppliers, and the delivery is processed through FedEx. Subziwalla was founded by Sajal Rohatgi and Manav Thaker in April 2018. The current crowdfunding round has a total size of $750,000. Subziwalla has reported revenue growth of 80%, quarter-over-quarter, and has generated more than $37,000 in revenues till date. The company has fulfilled more than 400 orders with an average order value of more than $70.
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