GreenDropShip

GreenDropShip

Growth Stage

Introducing online merchants to new natural product brands everyone will love

Introducing online merchants to new natural product brands everyone will love

Overview

Raised to Date: Raised: $3,750

Total Commitments ($USD)

Platform

Republic

Start Date

08/31/2022

Close Date

10/27/2022

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

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

Location

Prosper, Texas

Business Type

Growth

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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GreenDropShip on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $20,000,000

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