Gabar
Early Stage
First POC-centered fragrance brand for a new, inclusive generation of fragrance buyers
Overview
Raised: $53,250
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/07/2022
Close Date
10/14/2022
Min. Goal
$50,000
Max. Goal
$60,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$1,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$538
# of Investors
23
Momentum
Funded
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Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Gabar, with a valuation of $1 million, is raising funds on Wefunder. It is a mind and body fragrance brand that caters to a new and inclusive generation of fragrance buyers. The brand is built around authenticity, creativity, resistance, and self-expression and helps individuals discover their true voices. The flagship fragrances of Gabar are No. I Float, No. II Ground, and No. III Swim. Gabar is also supporting Myanmar’s fight for freedom and donates 10% of its profits to the restoration of Myanmar. Phway Aye founded Gabar in March 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $60,000. The campaign proceeds will be used for new product development, marketing, and promotion of the debut collection of fragrances.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$20,818 |
$0 |
|
COGS |
$10,849 |
$1 |
|
Tax |
$508 |
$0 |
| ||
| ||
|
Net Income |
$-86,473 |
$-20,451 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$692 |
$1,219 |
|
Accounts Receivable |
$2,496 |
$0 |
|
Total Assets |
$72,950 |
$1,219 |
|
Short-Term Debt |
$60,891 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$60,891 |
$0 |
Financials as of: 07/07/2022
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