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Bowr isn't accepting new investments

Bowr’s deadline was February 22, 2022

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Logo of Bowr

Bowr

A furnishing platform revolutionizing how furniture is made and sold globally
Women Founders B2B B2C Social Impact Household Goods AAPI Founders Ethically Made
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$105,905
Raised
195
Investors
Successfully funded and closed on February 22, 2022.
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Closed on February 22, 2022. Information may not be up-to-date. Campaign closed on February 22, 2022. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Bowr Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Bowr Crowd SAFE House of Bowr Form C.pdf
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Hear from some of the 195 people reserved or invested in Bowr


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Highlights


Bootstrapped
High traction without any outside capital
  • Changing the furnishing industry forever, from sourcing to delivery
  • Bringing true, fully customizable furniture to your doorsteps
  • Empowering independent designers and craftsmen and eliminating middlemen
  • 43% MoM growth, as of July 2021
  • Present AOV of $3.6K, as of June 2021
  • Disrupting the $671.07B+ global furnishing market

Problem


We never buy furniture straight from the person who makes them – EVEN ONLINE

The present system is set up to benefit whoever sells the product—not the people who make it, design it, or the customers who buy it.

With these issues plaguing the global furnishing industry, it's the customers who have no other choice but to pay inflated markups for products both offline or online, and settle for mass-produced products – both designer and generic – that cannot be made your own.

*72% based on sample survey across 1K manufacturers globally. 15x markup based on study with one of our manufacturing partners

Solution


Reengineering the supply chain, where manufacturers and designers create magic

Making design & manufacturing democratic and affordable with sustainability in mind 

Bowr is transforming the complicated and disconnected furnishing industry into a democratic, fairly-priced, and accessible platform where customers (both homes and businesses) can not only buy high quality crafted furniture at honest prices, but also fully customize them to their space and needs. 

Direct from manufacturer

Create an open economy for designers

Taking the brand out of the equation

Not limited to what's availableWe are reimagining how everyone views, experiences, and participates in the furnishing industry globally.

Product


Fundamentally changing the furnishing industry—for good

On-demand, fully customizable products

No more one-size-fits-all

Bringing the best products straight from the source 

A true and fair creator economy

Traction


Defining the new normal:  51x growth in monthly revenue since launch in 2020

Supporting furniture sourcing from local independent manufacturers globally

As an early-stage startup since 2020, we have grown exponentially with a small team of 3 and without any external funding. Through the Covid-19 pandemic, we have:

*AOV as of June 2021

Customers


Modern consumers prioritize design and affordability

We've made customer service and quality a priority since Day 1. This has earned Bowr a very special place in our customer's hearts.  With pure organic growth, all our customers are from word-of-mouth, and many of our early adopters come back as return customers. 

"It's like buying champagne for the price of a beer."

Be it Michelin-starred restaurants, 5-star hotels, global offices, or an apartment. Everyone deserves the best quality. 

Business model


Changing how furniture is made, sold, and experienced

As a lean business, since inception we have deployed multiple solutions to optimize our revenue and growth. Through process optimization and a robust tech platform, we have entered our stride and are scaling at 43% MoM through these challenging times. With new products in the pipeline, we are looking at hitting over $61M in revenue in the coming 24 months. We will also be testing our Design partner community platform, and are looking at an addition of 200 furniture designers globally creating and selling their products on our platform for customers globally by 2023.

Our fundamental principles define us as not only being a sustainable company but also uphold ethical standards consistently

Market


The industry is ready for disruption

The new normal is ushering in a change in consumer priorities, behavior, and preference. Due to powerful macro trends, there is no better time than now to be a part of and change the furnishing space: 

Solving the pain point of B2B

Currently, B2B buyers have to deal with sourcing multiple products from multiple vendors. Bowr is completely eliminating the inefficiencies of dealing with multiple parties, and providing the best solution where we reduce sourcing time by 60% and cost by over 40%.

*reduction in sourcing time & cost based on interviews and studies with 20 designers and 20 businesses

Competition


Bowr is a platform for the global future

Bowr believes in an open and egalitarian furnishing industry, where customers have access to products that are of the highest quality, sustainable, ethical, and truly customizable instead of just picking something from a catalogue. We aim for buyers to be able to obtain a unique piece that works for their home, work, and lifestyle.

Unlike our competitors, Bowr is a company that is creating an open ecosystem where independent designers and manufacturers from around the world can access the market. We are fundamentally challenging the furnishing landscape and bringing a true democratic furnishing solution to the masses.

We're especially attracting B2B customers, as we are specifically addressing their pain points.

Vision and strategy


Bringing the furnishing industry into the digital age

With our core mission of sustainability, inclusiveness, and quality, Bowr is on track to be a global player

Bowr wants to eliminate middlemen and help independent craftspeople, small and medium manufacturers, and independent designers globally directly be a part of the global furnishing market. We want customers to be able to source directly from manufacturers, thus bringing prices down and unlocking other possibilities that are not possible with the readymade furnishing system.

First fundraising aims

As this is our first time raising funds to sustain our growth, we have set short-term and long-term goals.

18-months milestone:

Long-term vision:

Funding


Bootstrapped prior to Republic campaign

Bowr has been entirely bootstrapped to date. Funded by our founders' life savings and family support, this is the first fund Bowr is raising.

Bowr has come this far with the support of family, customers, and manufacturers. With this sense of community and support behind the crazy insane dream of changing how a whole industry works, Bowr sincerely appreciates every single person who has given input, bought a product or just browsed the platform, 

Our rise and successes are dedicated to you.

Founders


Outsiders who saw a solution

Bowr was started in the beginning as a solution to a problem personally faced by the founders which was, "Why can't furniture be customizable to my liking and be affordable?" This simple question made them realize how broken and fragmented the furnishing industry really is. With a unified sense of social responsibility, Parikshit who comes from a background of design and investment, and Kc from her background of sales & marketing for Fortune 500 companies embarked and created a hyper-growth company that is socially responsible.

Driven with purpose

Deal terms


Valuation cap

$5,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

10%

If a trigger event for Bowr occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$150

The smallest investment amount that Bowr is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Bowr needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Bowr Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Bowr Crowd SAFE House of Bowr Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Bowr.
100 investors
Invest
$150
Receive
  • Handwritten Thank You Note from the founders
  • Plant 1 tree under your name to create more sustainable sourcing practices
  • Limited (30 left of 130)
27 investors
Invest
$300
Receive
  • A complimentary gift
  • Handwritten Thank You Note from the founders
  • Plant 2 trees under your name to create more sustainable sourcing practices
  • Limited (43 left of 70)
24 investors
Invest
$500
Receive
  • Sustainable Investor Tote Bag
  • Complimentary gift
  • Handwritten Thank You Note from the founders
  • Plant 5 trees under your name to create more sustainable sourcing practices
  • Limited (36 left of 60)
22 investors
Invest
$1,000
Receive
  • Complimentary set of handwoven Thai pillowcase (retail value $170) made by women craftspeople
  • Sustainable Investor Tote Bag
  • Mention on our Investor Page
  • Complimentary gift
  • Handwritten Thank You Note from the founders
  • Plant 10 trees under your name to create more sustainable sourcing practices
  • Limited (28 left of 50)
8 investors
Invest
$1,500
Receive
  • Handmade Mid-century modern designer Ottoman (retail value $280) Limited Investor Edition
  • Priority access to pre-launch products
  • Mention on our Investor Page
  • Complimentary gift
  • Handwritten Thank You Note from the founders
  • Plant 15 trees under your name to create more sustainable sourcing practices
  • Limited (22 left of 30)
4 investors
Invest
$2,200
Receive
  • Choice between handmade Mid-century modern designer 'Odder Armchair' (retail value $540) or 'Farum Armchair' in Teak (retail value $610) Limited Investor Edition
  • Priority access to pre-launch products
  • Mention on our Investor Page
  • Complimentary gift
  • Handwritten Thank You Note from the founders
  • Plant 20 trees under your name to create more sustainable sourcing practices
  • Limited (11 left of 15)
2 investors
Invest
$5,000
Receive
  • Handmade Mid-century modern designer best-selling 'Natur Lounge Chair in Teak' (retail value $1,300) Limited Investor Edition
  • VIP access and updates for pre-launch products
  • Mention on our Investor Page
  • Complimentary gift
  • Handwritten Thank You Note from the founders
  • Plant 30 trees under your name to create more sustainable sourcing practices
  • Limited (8 left of 10)
1 investor
Invest
$10,000
Receive
  • Handmade Mid-century modern designer best-selling 'Skive Wingback Lounge Chair and Ottoman' (retail value $1,600) Limited Investor Edition
  • Special mention on our platform/website
  • Input on design of new products
  • Quarterly investment updates
  • VIP access and updates for pre-launch products
  • Plant 50 trees under your name to create more sustainable sourcing practices
  • Limited (7 left of 8)
Invest
$20,000
Receive
  • Choice between handmade Mid-century modern designer best-selling 'Stockholm Wingback' or 'Copenhagen' Lounge Chair & Ottoman (retail value $2,200) Limited Investor Edition
  • Have a product named after you
  • Input on design of new products
  • Exclusive virtual meeting with the founders
  • Special mention on our platform/website
  • Quarterly investment updates
  • VIP access and updates for pre-launch products
  • Plant 70 trees under your name to create more sustainable sourcing practices
  • Limited (5 left of 5)
Invest
$25,000
Receive
  • Choice of exclusive furniture in any style retail value up to $2,500 – custom-made furniture
  • Have a product named after you
  • Input on design of new products
  • Exclusive virtual meeting with the founders
  • Special mention on our platform/website
  • Quarterly investment updates
  • VIP access and updates for pre-launch products
  • Plant 80 trees under your name to create more sustainable sourcing practices
  • Limited (4 left of 4)
Invest
$30,000
Receive
  • Choice of exclusive furniture in any style retail value up to $3,500 – custom-made furniture
  • Have a product named after you
  • Input on design of new products
  • Exclusive virtual meeting with the founders
  • Special mention on our platform/website
  • Quarterly investment updates
  • VIP access and updates for pre-launch products
  • Plant 100 trees under your name to create more sustainable sourcing practices
  • Limited (4 left of 4)
Invest
$50,000
Receive
  • Choice of exclusive furniture in any style retail value up to $6,000 – custom-made furniture
  • Have a product named after you
  • Input on design of new products
  • Exclusive virtual Q&A meeting with the CEO
  • Special mention on our platform/website
  • Quarterly investment updates
  • VIP access and updates for pre-launch products
  • Plant 100 trees under your name to create more sustainable sourcing practices
  • Limited (3 left of 3)

About Bowr

Legal Name
Bowr Inc
Founded
Dec 2021
Form
Delaware Corporation
Employees
6
Website
bowr.co
Social Media
Headquarters
Google Map location of of Bowr
2055 Limestone Road ste 200 c , Wilmington, DE
Headquarters
2055 Limestone Road, ste 200 c, Wilmington, DE, United States 19808

Bowr Team
Everyone helping build Bowr, not limited to employees

Profile picture of Parikshit Guhabiswas
Parikshit Guhabiswas
Founder/CEO
Featured in Superheroes · Read
Profile picture of Kc Princess Guesdan
Kc Princess Guesdan
Co-founder/COO
Profile picture of Nongluk Thongthaipha
Nongluk Thongthaipha
Community & Partnership Lead
Parikshit Guhabiswas
Founder/CEO
Kc Princess Guesdan
Co-founder/COO
Nongluk Thongthaipha
Community & Partnership Lead

Press

Furnishing new life into Michelin starred Gaa as they rel...
Design Anthology
·
Feb 16, 2021

Since its 2017 launch, Bangkok's Gaa has become one of Asia's most garlanded restaurants, and its Mumbai-born owner and c...

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Bowr

Bowr successfully raised $105,905 from 195 investors on February 22, 2022
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Yuta, Andrew, Takashi, Stefano, Kevin, and 190 others invested. 27 Reviews
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