Surya Spa
Growth Stage
A natural & luxury Ayurvedic skincare & wellness brand, expanding nationally.
Overview
Raised: $140,692
Total Commitments ($USD)
Platform
Republic
Start Date
12/20/2020
Close Date
04/30/2021
Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment
$150
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$15,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,082
# of Investors
219
Momentum
Funded
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Year Founded
2017
Industry
Beauty & Personal Care
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Surya Spa, with a $15M valuation cap, is raising funds on Republic. The company simplifies and modernizes Ayurveda through natural, botanical, restorative skincare, as well as through wellness programs, education, services, and self-care tools. Surya Spa founded by Martha Soffer, Roger Soffer and David Nikzad in January, 2017. The company is raising a crowdfunding round with a minimum goal of $25,000 and a maximum goal of $1,070,000. Surya's products build on the time-honored foundation of Ayurveda, and each ingredient is chosen for specific medicinal benefits, with a deep understanding of the synergistic power of various herbal and oil combinations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,276,151 |
$1,244,885 |
|
COGS |
$-224,457 |
$-230,916 |
|
Tax |
$-4,063 |
$-1,564 |
| ||
| ||
|
Net Income |
$-928,674 |
$-380,749 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$261,659 |
$616,198 |
|
Accounts Receivable |
$9,731 |
$0 |
|
Total Assets |
$389,569 |
$692,264 |
|
Short-Term Debt |
$224,779 |
$47,210 |
|
Long-Term Debt |
$1,989,890 |
$1,365,221 |
|
Total Liabilities |
$2,214,669 |
$1,412,431 |
Financials as of: 12/20/2020
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