Fretch

Early Stage

Ethnic groceries delivered right to your door.

Analytics

Raised to Date: Raised: $96,858

Aggregate Commitments $

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

Funding Type

RegCF

Valuation Cap

$12,000,000

Discount Rate

12%

Rolling Commitments $

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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Location

New York, New York

Industry

Food, Beverage, & Restaurants

Tech Sector

"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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