Trashless
Sustainable online grocery service
Analytics
Raised to Date: $101,273
Aggregate Commitments $
StartEngine
10/26/2020
04/21/2021
$10,000
$406,890
$250
Convertible Note
RegCF
Pre-Seed
$6,000,000
20%
Weekly Commitments $
Active
01/24/2021
85
1,013%
25%
$1,125
112
Austin, Texas
Consumer Products, Goods & Services
CommerceTech
B2C
Medium
Low
Trashless, with a valuation cap of $6 million, is raising funds on StartEngine. It is a zero-waste local grocery delivery service, eliminating the use of single-use packaging. The company fulfills the consumers’ need for convenient delivery of household staples along with being environmentally responsible. Yogesh Sharma and Ved Prakash founded Trashless in April 2016. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $406,890, and the funds will be used to expand into new markets and bring in powerful network effects both on the supply and demand side. Trashless has perfected its cycle of sourcing sustainable local ingredients, delivering them in reusable packaging, collecting it back, sanitizing it, and repeating the process.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$484,772 |
$568,479 |
|
COGS |
$295,853 |
$499,058 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-288,972 |
$-701,032 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$78,668 |
$41,672 |
|
Accounts Receivable |
$751 |
$3,851 |
|
Total Assets |
$278,370 |
$155,655 |
|
Short-Term Debt |
$243,781 |
$65,368 |
|
Long-Term Debt |
$163,474 |
$0 |
|
Total Liabilities |
$407,255 |
$139,568 |
Summary of Crowdfunding Raises
| Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/21/2021 | StartEngine | $6,000,000 | $101,273 | Convertible Note | Active | RegCF |
| 12/31/2019 | StartEngine | $6,000,000 | $128,110 | Convertible Note | Confirmed Closed | RegCF |
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Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.
For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.Other Deals
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