Sparkle

Neutral
BETA

A natural solution to sanitary pads

Analytics

Raised to Date: $202,516

Aggregate Commitments $
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

Funding Type

RegCF

Series

Seed

Valuation Cap

$6,000,000

Discount Rate

15%

Weekly Commitments $
Status
Funded
Reporting Date

07/05/2020

Days Remaining
Funded
% of Min. Goal

810%

% of Max. Goal

19%

Likelihood of Max
Funded
Avg. Daily Raise

$1,824

# of Investors

818

Momentum
Funded
Location

Irving, TX

Industry

Consumer Products, Goods & Services

Tech Sector

Cleantech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

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.

Ratings

last updated 08/23/2020

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