Fretch
Early Stage
Ethnic groceries delivered right to your door.
Overview
Raised: $96,858
Total Commitments ($USD)
Platform
Republic
Start Date
01/24/2019
Close Date
04/30/2019
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
SEC Filing Type
RegCF
Valuation Cap
$12,000,000
Discount
12%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/31/2019
Days Remaining
Funded
% of Min. Goal
387%
% of Max. Goal
9%
Likelihood of Max
Funded
Avg. Daily Raise
$1,009
# of Investors
260
Momentum
Funded
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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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