Sparkle
About this raise
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.
Investment Overview
Invested : $202,516
Deal Terms
Total Commitments ($USD)
- Platform
- Republic
- Start Date
- 03/11/2020
- Close Date
- 06/30/2020
$25,000
$1,070,000
$100
SAFE
Seed
RegCF
$6,000,000
15%
Company & Team
Company
- Year Founded
- 2019
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- High
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Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/30/2020 | Republic | $6,000,000 | $202,516 | SAFE | Funded | RegCF |