Interested in this opportunity based on the idea and execution to date. A few questions before I take the plunge: 1. How quickly do you expect to reach profitability? The cash burn rate you reported is a little concerning. On a related note, why has it required the substantial...

Kenneth thank you for your interest. See my comment below to your questions 1. We expecte to be profitable in NYC before the end of the year. To answer your question about why it took us a few years to get there, remember - we introduced a whole new way to groom dogs (in-home) - in the initial stages we really had to educate customers through multiple marketing touchpoints, and offer discounts to try it out as an early adopter. We also had to build a native application for both consumer and g...

If i invest the money what do i get in return?

Anthony thank you for your interest..you are promised to convert your investment in equity at 6 mill cap on future raise. So even though company raise money at 50 mill valuation you are going to be issued share at 6 mill valuation

You stated that you currently have 600k worth of debt. I’m not sure I understand how the debt could be so high, considering you’re basically an application matching groomers to consumers. I understand you need to discount clients the first few times to capture them, but is the...

Emily thank you for your question. it took us a few years and 2.5M to get there (600k debt in investment included), remember - we introduced a whole new way to groom dogs (in-home). In the initial stages we really had to educate customers through multiple marketing touchpoints, and offer discounts to try it out as an early adopter. We also had to build a native application for both consumer and groomers, which took time to perfect. At this point, we have the infrastructure set up, and strong ...

Hi Groomit Team, Congrats on the success so far, I am excited to commit to an investment. In case my concerns are useful to other investors as well, however, I wanted to give you the opportunity to address my questions publicly in case other investors were wondering the same t...

Muhan, 1, Thank you for your question and commitment in groomit please see my answers below. We are looking to expand Groomit into 30 major cities in the USA and some international metro cities. Our target is to reach 100 grooming per day in each city with a total of 3000 groomings per day. That will put us at 1 mill grooming per year in the USA with an average grooming price over $100 putting us to 100 million a year in revenue run rate. We have planned to open markets each quarter consecuti...

Hi, Do you have any plans to scale your service nationwide? What's your CAC and LTV? Do you do background checks on groomers?

Helen, Thank you for your question. All our groomers goes through complete trial of a grooming and background verification. We are planning to open up 30 metro cities in USA in the next 3 years and some major cities world wide.

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