Gabar

Gabar

Early Stage

First POC-centered fragrance brand for a new, inclusive generation of fragrance buyers

First POC-centered fragrance brand for a new, inclusive generation of fragrance buyers

Overview

Raised this Round: Raised: $53,250

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/06/2022

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    Open SEC Filing

Valuation Cap

$1,000,000

Discount

0%

Year Founded

2020

Industry

Consumer Products, Goods & Services

Tech Sector

Retailtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

New York, New York

Business Type

Growth

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: 07/06/2022
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Gabar on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $1,000,000

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