Groomit

Groomit is an on-demand platform that connects pet owners with pet stylists.
Analytics
Raised to Date: $208,044
Aggregate Commitments $
Wefunder
09/01/2020
02/20/2021
$200,000
$1,070,000
$100
SAFE
RegCF
Seed
$7,000,000
0%
Weekly Commitments $
Active
01/17/2021
32
104%
19%
$1,508
86
Yonkers, New York
Pet Health, Food, and Services
MarketplaceTech
B2B2C
Medium
Low
Groomit, with a $7 million valuation cap, is raising funds on Wefunder. It is an on-demand platform that connects pet owners with pet stylists. The platform offers same-day pet grooming bookings with customizable packages. The experience is personalized and safe, connected with an extensive network of certified groomers. Sohel Kapadia founded Groomit in January 2020 and has raised over $2.4 million since its inception. The proceeds of the current crowdfunding campaign, with a minimum raise of $200,000 and a maximum raise of $1,070,000, will be used for software development, hiring talent, and marketing and growth. Groomit has over 20,000 users and has completed more than 12,000 groomings. The company generated $1.5 million in revenue in the NY market and is easily scalable to major metro cities.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$596,470 |
$0 |
COGS |
$483,289 |
$0 |
Tax |
$9,762 |
$0 |
| ||
| ||
Net Income |
$-933,072 |
$0 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
Cash |
$49,345 |
$0 |
Accounts Receivable |
$1,071 |
$0 |
Total Assets |
$112,846 |
$0 |
Short-Term Debt |
$1,903,303 |
$0 |
Long-Term Debt |
$0 |
$0 |
Total Liabilities |
$1,903,303 |
$0 |
Other Deals

Optelos on SeedInvest
Asset inspection is essential work for all manner of businesses, particularly in the construction and industrial markets. It’s…

Manta Biofuel on Republic
The global oil and gas market was $3 trillion in 2019. The U.S…

R3 Printing on StartEngine
The R3 Printing team has been selected as a “Top Deal” by KingsCrowd. This distinction is reserved for…