Bowr
A furnishing platform revolutionizing how furniture is made and sold globally
Overview
Raised: $0
Total Commitments ($USD)
Platform
Republic
Start Date
01/13/2023
Close Date
03/14/2023
Min. Goal
$25,000
Max. Goal
$618,000
Min. Investment
$150
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
03/15/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
CommerceTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Bowr, with a valuation of $10 million, is raising funds on Republic. The company has developed a furnishing platform that is changing the way furniture is made and sold across the world. The platform allows customers to buy high-quality furniture at honest prices and customize it according to their space and needs. It also helps manufacturers sell directly by eliminating the middlemen. Bowr has already partnered with 215 manufacturers and sold over 1,000 pieces. Parikshit Guhabiswas founded Bowr in July 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $618,000. The campaign proceeds will be used for hiring, product development, creating material inventory, and building a specialized SaaS.
Summary Profit and Loss Statement
| FY 2021 | FY 2020 | |
|---|---|---|
|
Revenue |
$65,432 |
$0 |
|
COGS |
$19,358 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$7,097 |
$0 |
Summary Balance Sheet
| FY 2021 | FY 2020 | |
|---|---|---|
|
Cash |
$19,297 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$37,297 |
$0 |
|
Short-Term Debt |
$2,000 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$2,000 |
$0 |
Financials as of: 01/13/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Bowr | 03/14/2023 | Republic | $10,000,000 | $0 | SAFE | Not Funded | RegCF |
| Bowr | 02/22/2022 | Republic | $5,000,000 | $105,905 | SAFE | Funded | RegCF |
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