Arka

Overview

Raised to Date: Raised: $154,094

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Republic

Start Date

08/25/2022

Close Date

01/31/2023

Min. Goal

$107,100

Max. Goal

$250,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    

Valuation Cap

$18,000,000

Discount

0%

Venture Capital Investors:

Montage Ventures

VTF Zappos Fund

Rivet Ventures

Rolling Commitments ($USD)

Status

Funded

Reporting Date

02/05/2023

Days Remaining

Funded

% of Min. Goal

144%

% of Max. Goal

62%

Likelihood of Max

Funded

Avg. Daily Raise

$969

# of Investors

265

Momentum

Funded

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Arka

Year Founded

2015

Industry

Logistics, Delivery, & Supply Chain

Tech Sector

Retailtech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

San Francisco, California

Business Type

Growth

Company Website

Arka, with a valuation of $18 million, is raising funds on Republic. The company provides next-gen packaging for e-commerce. The packaging of Arka is traceable, sustainable, and integrated into the e-commerce stores of businesses. The platform allows businesses to forecast usage, auto-replenish, and optimize packaging. The products of Arka are eco-friendly and made in the US, and also ship internationally. The business reported a revenue of $1.5 million in 2021 and has an average month-over-month growth of 67.14% in 2022. Phillip Akhzar founded Arka in December 2015. The current crowdfunding campaign has a minimum target of $107,100 and a maximum target of $250,000. The campaign proceeds will be used for hiring, marketing, and expansion.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$1,481,333	$934,962
COGS	$444,400	$280,489
Tax	$0	$0
Net Income	$17,634	$8,917

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$1,059,706	$1,048,623
Accounts Receivable	$75,895	$54,644
Total Assets	$1,142,768	$1,108,428
Short-Term Debt	$164,118	$118,165
Long-Term Debt	$19,447	$44,701
Total Liabilities	$183,565	$162,866

Financials as of: 08/25/2022

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Amazingly, warehouses are operating as if it’s still the 1950s. A manager walks around the facility with a clipboard to count boxes. If the manager sees a shortage, they call up a packaging company to place an order. The manager then fills out a form and schedules a time for delivery.

This process can take days to complete. Oh my.

Talk about inefficiency.

Arka, the company I’m introducing to you today, is the first company to create a solution to automate the packaging reorder process for third party logistics (3PL) companies.

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