Samreens Vanity
Early Stage
Reliable Luxury Cosmetics For Brown Skin
Overview
Raised: $63,001
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/08/2024
Close Date
07/26/2024
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
SAFE
SEC Filing Type
RegCF
Early Bird Val. Cap
$4,500,000
Valuation Cap
$5,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/30/2024
Days Remaining
85
% of Min. Goal
126%
% of Max. Goal
51%
Likelihood of Max
Avg. Daily Raise
$2,864
Momentum
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Year Founded
2020
Industry
Beauty & Personal Care
Tech Sector
Retailtech
Location
Chicago, Illinois
Samreens Vanity, with a valuation of $5 million, is raising funds on Wefunder. The business makes reliable luxury makeup for brown skin. Samreens Vanity offers cosmetics with rich and warm hues that allow brown women to look and feel their best. The products of Samreens Vanity are made using luxurious and high-quality ingredients and are long-lasting and convenient. Samreen Arshad founded Samreens Vanity in May 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing spend, product development, and marketing hire.
Summary Profit and Loss Statement
| FY 2023 | FY 2022 | |
|---|---|---|
|
Revenue |
$9,868 |
$0 |
|
COGS |
$26,209 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-171,642 |
$-88,000 |
Summary Balance Sheet
| FY 2023 | FY 2022 | |
|---|---|---|
|
Cash |
$-92,092 |
$-84,500 |
|
Accounts Receivable |
$-3,500 |
$-3,500 |
|
Total Assets |
$-82,548 |
$-88,000 |
|
Short-Term Debt |
$21,715 |
$0 |
|
Long-Term Debt |
$130,000 |
$0 |
|
Total Liabilities |
$151,715 |
$0 |
Financials as of: 04/08/2024
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