Sparkle

Sparkle

Early Stage

A natural solution to sanitary pads

A natural solution to sanitary pads

Overview

Raised to Date: Raised: $202,516

Total Commitments ($USD)

Platform

Republic

Start Date

03/10/2020

Close Date

06/29/2020

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

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,000,000

Discount

15%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/04/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,824

# of Investors

818

Momentum
Funded
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Year Founded

2019

Industry

Consumer Products, Goods & Services

Tech Sector

Cleantech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Irving, Texas

Business Type

Life Style

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: 03/10/2020
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Sparkle on Republic
Platform: Republic
Security Type: SAFE
Valuation: $6,000,000

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Warning: according to the close date for this deal, Sparkle may no longer be accepting investments.

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