# Warehouse Republic

Warehousing and Logistics for E-Commerce Sellers
 

## Elevator pitch
We provide simple, flat-fee pallet storage and fulfillment services for 3rd party Amazon sellers. This allows our customers to increase profits by lowering their inventory storage costs. They avoid long-term storage fees by dripping their inventory into Amazon. These sellers are ignored by traditional 3rd Party Logistics services due to their smaller warehousing needs and niche business requirements.

- Canonical URL: https://wefunder.com/warehouserepublic
- Entity ID: wefunder:company:34873
- Last updated: 2026-06-07T05:01:56Z
- Generated at: 2026-06-08T02:56:02Z

## Quick facts
- We are profitable and growing fast. On track to do ~$2M+ in revenues in 2021
- Waitlist of 400+ customers, ready to grow with us. We expect to 4-5X our monthly revenue in 1 year (not guaranteed)
- Our customer base represents the fastest-growing segment in e-commerce
- We have grown mostly via word of mouth. We get 3-5 organic inquiries every day
- Demand for our services outstrips the supply in our industry for the next 5-10 years!

## Active fundraises
- wefunder:fundraise:24823: 4(a)(6) successful (USD)
- wefunder:fundraise:43709: 4(a)(6) successful (USD)

## Story
This slide contains forward-looking projections that cannot be guaranteed.This slide contains forward-looking projections that cannot be guaranteed.

## FAQ
1. **The EBITDA Ground Freight & Logistics valuation multiple is 8.84. Obviously this number is not a sole variable in computing a company's valuation, but I'm calculating WR's multiple at over 14 ($22.5M investment terms / $400k revenue per quarter * 4 quarters). How are you c...**
   - Hello Collin, great question! We're basing our valuation cap using a discounted cash-flow model. Our current revenue run rate is around $2.1mm without any further investment. A $3mm infusion allows us to scale into a footprint that is 5x the size of our current facility. Projected EBITDA (based on our current operations) will be $3-4MM annually, which allows us to self-fund further expansion and grow the enterprise value beyond $25mm. Based on the BGSA index, which tracks 62 publicly traded s...
2. **I was looking for financials and don't see any.**
   - Hello Jaspreet, please see the below link to our unaudited, operational P&L statement from 2020. This P&L is presented on cash basis accounting. Thank you! https://docs.google.com/spreadsheets/d/1_g_N5JJ268MtMWDTOLaoB79-GSezsoMJihYqD0FQ0SM/edit#gid=1683621888
3. **Service looks great, team! Good luck with the raise!**
   - Thank you!
4. **Hi, when do you anticipate the SAFEs converting, and when they do, will they convert into common or preferred equity? Also, are you all an LLC for tax purposes, and if so, do you plan on maintaining that structure? I like the pass-through business structure!**
   - We anticipate the SAFEs converting within the next year or two. They will convert into preferred stock. We are set up as a C corp and plan to maintain this entity structure.
5. **Since 3PLs are traditionally designed to suite only a couple customers with a 2-3 year ROI on their automation. How do you design your warehouse with 10's of customers in mind and what are your product constraints?**
   - The primary investment for this expansion is a much more efficient racking system and the machines required to operate within that setup. You're right about our customer load vs traditional 3PLs. We are solving for the high activity by stitching together our ever evolving technology stack. Our biggest service constraint is not having enough physical space to continue growing. Which is why we're raising this capital :-)

## Team
- Mark Taylor (CEO/Co-Founder)
- Abhi Dobhal (COO/Co-Founder)

## Q&A
- Q: I was looking for financials and don't see any.
  - A: Hello Jaspreet, please see the below link to our unaudited, operational P&L statement from 2020. This P&L is presented on cash basis accounting. Thank you! https://docs.google.com/spreadsheets/d/1_g_N5JJ268MtMWDTOLaoB79-GSezsoMJihYqD0FQ0SM/edit#gid=1683621888
- Q: The EBITDA Ground Freight & Logistics valuation multiple is 8.84. Obviously this number is not a sole variable in computing a company's valuation, but I'm calculating WR's multiple at over 14 ($22.5M investment terms / $400k revenue per quarter * 4 quarters). How are you calculating a $22.5M valuation cap? Thanks!
  - A: Hello Collin, great question! We're basing our valuation cap using a discounted cash-flow model. Our current revenue run rate is around $2.1mm without any further investment. A $3mm infusion allows us to scale into a footprint that is 5x the size of our current facility. Projected EBITDA (based on our current operations) will be $3-4MM annually, which allows us to self-fund further expansion and grow the enterprise value beyond $25mm. Based on the BGSA index, which tracks 62 publicly traded supply-chain companies, Warehouse Republic comps trade at an average of 17.6x. We've chosen $25mm because it's an attainable/attractive valuation cap given that we are profitable and all funds will be used to expand a proven hypothesis.
- Q: Any update??? It's frustrating that some companies don't seem to keep investors in the loop.
- Q: Hello Republic, It's 2025, can you share an update and highlight the conversion to equity from April 2024?
- Q: Any update???
- Q: Hello just checking on status of things, since I haven't heard from you guys
  - A: Hi Priscilla - Sorry we missed this. We will be sharing an update soon
- Q: Hey Guys - very interested in this opportunity. However the business metrics / financials are seriously out of date and I can only see up to the end of 2020? Can you please update the the deck / materials to show 2021 and update 2022/23 forecasts / targets based on what actually happened in 2021. TY
  - A: Hello Stephen, we're in the process of getting our 2021 financials audited, but our unaudited revenues were right around the $2mm mark as we projected. We're checking with WeFunder on what we can share related to projections based on SEC guideline for crowdfunding.
- Q: Can you please share YTD revenue and projected for 2022?
  - A: Hell Varun, We are waiting to provide the 2021 financials once the audit is completed. In the meantime, I'm checking with WeFunder on what we can provide related to projections. We'll circle back up here shortly.
- Q: Few questions (1) I see 2020 monthly results, where are 2021 and do you have monthly forecast for the reminder of 2021 and 2022 (all three statements)? (2) at the 2.1mm revenue run-rate what percent of your capacity is full?
  - A: Hello A V, 2021 has yet to be audited, but is scheduled to be audited. I'm checking on what we can provide in the realm of projections while maintaining SEC compliance. 2. At $2.1mm, our 50k SF facility is completely full. That said we expanded to an east coast facility in October. With that facility at capacity, our run rate goes up to $5-$6mm.
- Q: What sort of potential client would you say no to? I have 5 years working with a competitor of yours; they focused exclusively on heavy/oversized products, and it's worked out really well for them. As a result of this focus, they had to turn down most of the leads that came through their website, because not every company was a good fit for them. I think it's a really interesting way to run a business, and ecommerce is such a massive, wide field that it makes sense to distinguish a warehousing company from competitors based on a particular kind of niche. So far as I can tell it looks like you're focusing on SMBs. But in terms of operations at your warehouse, that means adapting to a rather wide variety of products to handle.
  - A: Hey Nathan, It's a good question and we agree with you regarding focusing on a niche. That's why we've really focused on working with Amazon FBA sellers. Our ideal customers thus far have been sellers who began selling on FBA and have continued offering more products/increasing sales on FBA as well as expanded to selling goods off of their own website and other marketplace platforms. One of the benefits of working as an "all things FBA" type of warehouse is that there is something of a unified message/offering that applies to most if not all of our customers. For instance, when Amazon began changing the way they calculated storage limits in their own warehouses, it allowed us to tailor make programs that helped all of the customers we serve. It's that thinking that us work to open our second facility in North Carolina that focuses on FBA removals (I'm actually just about to write an update about it!).
- Q: Since 3PLs are traditionally designed to suite only a couple customers with a 2-3 year ROI on their automation. How do you design your warehouse with 10's of customers in mind and what are your product constraints?
  - A: The primary investment for this expansion is a much more efficient racking system and the machines required to operate within that setup. You're right about our customer load vs traditional 3PLs. We are solving for the high activity by stitching together our ever evolving technology stack. Our biggest service constraint is not having enough physical space to continue growing. Which is why we're raising this capital :-)
- Q: Any update on what is happening with the company?
  - A: Writing an update now :-)
- Q: It’s Nov 2022, as an investor, it will be good to see current monthly and/or quarterly updates
  - A: Hi Gabriel! We will be sending out /posting an update before the end of the year
  - A: Hello Gabriel, Thank you for your comment. An investor update has been posted. Best, Mark
- Q: Hello Mark, Any News or Updates?
  - A: Hello Mario, Things have been going well. Southern California has been calm and operating at capacity this entire year. We're continuing to keep a tight watch on what's going on in the economy and react/plan accordingly. Our North Carolina facility is slowly but surely picking up steam. We're in the process of onboarding a very large customer and have two other large customers in the pipeline that are showing good promise. Meanwhile, we are also actively vetting our first automation systems we're implementing in the warehouse. There are a lot of things going on and everything is moving in a positive direction. I'll aim to get a proper investor update out in the next week or two! Thank you for asking :-) Best, Mark
- Q: Do you anticipate future capital raises for additional warehouses? If so, what do you anticipate?
  - A: Hello Dani, It honestly all depends. If we continue the "raise as we need" model, then I can foresee us not needing additional capital. Between Southern California and North Carolina full, we could grow at a solid pace while self-funding future expansions. On the other hand, if someone comes in with an excellent valuation and an investment that allows to do what's best for the company and our investors, we'd take that expansion capital and execute a more aggressive plan. Thanks! Mark