Sparkle
Early Stage
A natural solution to sanitary pads
Overview
Raised: $202,516
Total Commitments ($USD)
Platform
Republic
Start Date
03/11/2020
Close Date
06/30/2020
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$6,000,000
Discount
15%
Year Founded
2019
Industry
Consumer Products, Goods & Services
Tech Sector
Cleantech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Sparkle, with a valuation cap of $6 million, is raising funds on Republic. The company is offering a natural solution to sanitary pads by making sanitary pads from sustainable plant-based ingredients. The sanitary pads of Sparkle are made from bamboo fiber, banana fiber, and corn starch and biodegrade after six months of disposal. Sparkle was founded by Hetal Virani and Chirag Virani in October 2019. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used to import raw material and establish an automatic sanitary napkin manufacturing plant in the US. Sparkle has a patent-pending technology that has been launched in India, selling more than 100,000 pads. The technology of Sparkle has also helped to reduce banana stem agro-waste.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/11/2020
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Sparkle | 06/30/2020 | Republic | $6,000,000 | $202,516 | SAFE | Funded | RegCF |
No prior online funding rounds.
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