Trashless

Neutral
BETA

Sustainable online grocery service

Analytics

Raised to Date: $101,273

Aggregate Commitments $
Platform

StartEngine

Start Date

10/26/2020

Close Date

04/21/2021

Min. Goal

$10,000

Max. Goal

$406,890

Min. Investment

$250

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$6,000,000

Discount Rate

20%

Weekly Commitments $
Status

Active

Reporting Date

01/24/2021

Days Remaining

85

% of Min. Goal

1,013%

% of Max. Goal

25%

Likelihood of Max
Avg. Daily Raise

$1,125

# of Investors

112

Momentum
Location

Austin, Texas

Industry

Consumer Products, Goods & Services

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

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

Ratings

last updated 01/26/2021

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Analyst Report

Neutral
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