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Petpal

Petpal

Early Stage

Pet care supplies e-commerce platform

Pet care supplies e-commerce platform

Overview

Raised to Date: Raised: $227,816

Total Commitments ($USD)

Platform

Microventures

Start Date

06/30/2020

Close Date

03/29/2021

Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$4,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/06/2021

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

$841

# of Investors

445

Momentum
Funded
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Year Founded

2015

Industry

Pet Health, Food, and Services

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Los Altos, California

Business Type

Growth

Petpal, with a valuation cap of $5 million, is raising funds on MicroVentures. It is an online platform for all the pet needs of Indian pet owners. The company allows users to order pet products, including food, medicine, and accessories, and receive them at their doorstep with same-day shipping. Petpal was founded by Srivastava Gorthy in 2015. The proceeds of the current round of crowdfunding, with a minimum target of $50,000 and a maximum target of $500,000, will be used for campaign marketing, general marketing, future wages, and general working capital. Petpal received over 13,000 orders between 2018 and May 2020 and generated revenue of $138,389 in 2019. The online store features over 1,000 featured products and houses products for all pets like dogs, cats, and birds.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$138,389

$91,894

COGS

$142,509

$101,556

Tax

$0

$0

 

 

Net Income

$-98,344

$-114,246

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$17,109

$12,804

Accounts Receivable

$27,470

$0

Total Assets

$71,152

$18,935

Short-Term Debt

$60,093

$35,454

Long-Term Debt

$455,896

$324,176

Total Liabilities

$515,989

$359,630

Financials as of: 06/30/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Petpal 07/21/2022 Microventures $6,000,000 $24,390 Convertible Note Not Funded RegCF
Petpal 03/28/2021 Microventures $4,000,000 $227,816 Convertible Note Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Petpal on MicroVentures
Platform: Microventures
Security Type: Convertible Note
Valuation: $4,000,000

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