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Petpal

Petpal

Early Stage

Pet care supplies e-commerce platform

Pet care supplies e-commerce platform

Overview

Raised to Date: Raised: $24,390

Total Commitments ($USD)

Platform

Microventures

Start Date

03/17/2022

Close Date

07/22/2022

Min. Goal
$25,000
Max. Goal
$310,484
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$5,000,000

Valuation Cap

$6,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Not Funded
Reporting Date

07/21/2022

Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise

$194

# of Investors

56

Momentum
Not Funded
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Year Founded

2015

Industry

Pet Health, Food, and Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Los Altos, California

Business Type

Growth

Petpal, with a valuation of $6 million, is raising funds on MicroVentures. It is an online platform for all the pet needs of Indian pet owners. The company allows users to order pet products, including food, medicine, and accessories, and receive them at their doorstep with same-day shipping. Petpal has fulfilled over 8,400 pet food and supply orders and more than 7,600 digital veterinary bookings in 2021. Srivastava Gorthy founded Petpal in 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $310,484. The campaign proceeds will be used for marketing and advertising, promotions, shipping and delivery, salaries, and legal and accounting fees.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$166,899

$148,452

COGS

$168,670

$170,521

Tax

$0

$0

 

 

Net Income

$-203,657

$-106,495

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$226,291

$75,948

Accounts Receivable

$33,745

$13,138

Total Assets

$264,854

$90,002

Short-Term Debt

$184,825

$51,351

Long-Term Debt

$456,067

$205,681

Total Liabilities

$640,892

$257,032

Financials as of: 03/17/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Petpal 07/21/2022 Microventures $6,000,000 $24,390 Convertible Note Not Funded RegCF
Petpal 03/28/2021 Microventures $4,000,000 $227,816 Convertible Note Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Petpal on MicroVentures 2022
Platform: Microventures
Security Type: Convertible Note
Valuation: $6,000,000

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