Fretch

Fretch

Early Stage

Ethnic groceries delivered right to your door.

Ethnic groceries delivered right to your door.

Overview

Raised this Round: Raised: $96,858

Total Commitments ($USD)

Platform

Republic

Start Date

01/23/2019

Close Date

04/30/2019

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$12,000,000

Discount

12%

Year Founded

2014

Industry

Food, Beverage, & Restaurants

Tech Sector

Location

New York, New York

"Our customers are spreading the word about Fretch. Because we are bootstrapped, all our growth has come organically through word of mouth and user recommendations. We have delivered over 25,000 orders to 5,000 unique customers and are currently operating at a $1.1 million annual revenue run rate. Although grocery is considered a ‘volume business’ as economies of scale come into play, we have had a laser focus on profitability since day one, and as a result we are currently month-over-month cash flow positive."
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Fretch on Republic
Platform: Republic
Security Type: SAFE
Valuation: $12,000,000

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