GreenDropShip
Growth Stage
Introducing online merchants to new natural product brands everyone will love
Overview
Raised: $3,750
Total Commitments ($USD)
Platform
Republic
Start Date
08/31/2022
Close Date
10/28/2022
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$20,000,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
10/27/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$66
# of Investors
21
Momentum
Not Funded
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Year Founded
2022
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
Low
Capital Intensity
Low
GreenDropShip, with a valuation of $20 million, is raising funds on Republic. The company has developed an e-commerce app for Shopify enabling merchants to sell groceries. It is an automated and scalable marketplace that connects emerging natural product brands with online resellers. GreenDropShip has over 2,000 registered users, has fulfilled more than 95,000 orders, and generated $7 million in revenue in 2021. Allen Kaplun and Irina Faybusovich founded GreenDropShip in February 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.07 million. The campaign proceeds will be used for marketplace development, Shopify integration, and growth and marketing.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$7,088,625 |
$8,724,081 |
|
COGS |
$5,535,219 |
$7,344,435 |
|
Tax |
$196,271 |
$125,082 |
| ||
| ||
|
Net Income |
$-97,625 |
$-184,043 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$450,455 |
$168,797 |
|
Accounts Receivable |
$37,110 |
$248,179 |
|
Total Assets |
$2,218,714 |
$1,643,673 |
|
Short-Term Debt |
$330,302 |
$327,796 |
|
Long-Term Debt |
$315,364 |
$1,000,200 |
|
Total Liabilities |
$645,666 |
$1,327,996 |
Financials as of: 08/31/2022
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