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Sparkle isn't accepting new investments

Sparkle’s deadline was July 1, 2020

Follow the company to stay updated on their progress, including future investment opportunities


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Logo of Sparkle

Sparkle

A natural solution to sanitary pads
Reduce, Reuse, Recycle B2C Women Founders Wellness Plant-Based
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Featured image of Sparkle
$192,866
Raised
807
Investors
Successfully funded and closed on July 1, 2020.
Invest in Sparkle

Open for investment

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Pitch Updates 11 Reviews 285
Invest Invest in Sparkle
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Closed on July 1, 2020. Information may not be up-to-date. Campaign closed on July 1, 2020. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by SPARKLE INNOVATIONS INC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Sparkle Crowd SAFE
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Hear from some of the 807 investors in Sparkle


Show more

Highlights


  • World's first pad made with a combination of banana fiber, bamboo and corn
  • Made with natural ingredients, our pads can biodegrade in around 6 months
  • $25B global feminine hygiene product market, $50B global baby diaper market
  • Patent pending technology to make sustainable, plastic-free sanitary pads
  • Led by experienced team, with an engineer, an MBA, a chartered accountant
  • Successfully launched in India, selling over 100,000 pads
  • Reduced over 1000+ tons of banana stem agro-waste

Problem


Conventional sanitary pads contain up to 90% plastic and remain unchanged in the landfill for around 600 years after disposal

Around 50% of the world’s population menstruates. The average woman uses approximately 11,000 disposable pads or tampons in her lifetime, which results in around 300 pounds of feminine hygiene related waste per woman.

It really does add up.

Planet or plastic?

Around 20 billion sanitary napkins, tampons and applicators are dumped into North American landfills every year. Plastic waste ends up in a landfill or, even worse in the oceans, rivers and beaches.

Banana plantation agro-waste

Solution


Sparkle: natural sanitary pads made from sustainable plant-based ingredients

We've created the world's first all-natural sanitary napkin made with a combination of bamboo fiber, banana fiber, and corn starch that can biodegrade around 6 months after disposal. With sustainable and plastic-free products, Sparkle aims to reduce plastic pollution and support a circular economy.

The law does not require menstrual hygiene product manufacturers to disclose ingredients. At Sparkle, we hold ourselves to higher standards.

It's simply a better pad

Product


We have carefully chosen sustainable, plant-based ingredients that are gentle on your skin and kind to the planet. 

Say goodbye to plastics, perfumes and chlorines with all-natural Sparkle pads made from banana fiber, bamboo fiber, and corn starch.

Traction


TechCrunch Top Pick 

We were selected as a TechCrunch Top Pick in the health category as one of the top five start-ups from across the world for Disrupt SF 2019.

We have spent over two years developing patent-pending technology to efficiently and economically extract banana fiber and to make sustainable, plastic free, chemical-free and affordable feminine hygiene products. 

In the US, we are at pre-launch stage. 

In India, we have sold over 100,000 pads and reduced over 1000+ tons of banana stem agro-waste

We’ve also received traction in the media, including coverage in major outlets and industry publications.

Customers


Health and eco-conscious women looking for a natural alternative love Sparkle products!

Business model


Direct-to-consumer

We aim to sell our products directly to customers through our website, as well as via other major online marketplaces in the U.S.

Online marketing strategy

We aim to reach eco-conscious and health-conscious girls and women through social media channels, beauty influencers, and prominent press contacts. Our goal is to spread awareness about sustainable menstrual hygiene products  and offer women plastic-free and chemical-free alternatives.

Market


Disrupting the multi-billion dollar disposable hygiene products market

Competition


World's first sanitary pad made with a combination of banana fiber, bamboo and corn starch

The majority of other start-ups in the feminine hygiene product industry simply import, market and sell sanitary pads that are made by other private label manufacturers. They essentially trade re-branded sanitary pads. There is no innovation involved.

We knew we had to develop a brand new product that not only solves real life problems faced by millions of women worldwide, but also offers sustainable and cost-effective solutions.

Making sustainability affordable for everyone

Our competitive advantages 

Availability of raw material

  • We have collaborated with local farmers and other key stakeholders that allow us to procure a regular supply of banana fiber and other raw materials.

Ability to develop biodegradable baby diapers in the future

  • Similar technology and raw materials can be used to manufacture the world’s first baby diaper made from banana fiber, bamboo fiber and corn starch.

Vision and strategy


Our journey

Founders


Chirag Virani, Co-Founder and COO

With over seven years of work experience and an academic background from Canada, USA, Europe, and India, Chirag guides Sparkle in the areas of product design, manufacturing and business development.

  • Mechanical Engineering from McMaster University, Canada.
  • Master in Business Administration from Ryerson University, Canada.
  • Post-graduation program from UC-Berkeley, USA.


Hetal Virani, Co-Founder and CEO

With over eight years of experience, Hetal leads day-to-day planning, implementing and managing all finance and operations related activities.

  • C.A. from the Institute of Chartered Accountants of India.
  • C.W.A. from the Institute of Cost Accountants of India.
  • C.S. from the Institute of Company Secretaries of India.
  • Bachelor of Law from Veer Narmad South Gujarat University, India.
  • Bachelor of Commerce from Veer Narmad South Gujarat University, India.

Deal terms


Valuation cap

$6,000,000

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

Discount

15%

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

Minimum investment

$100

The smallest investment amount that Sparkle is accepting.
Learn more

Funding goal

$1.07M

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

Deadline
Sparkle 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 SPARKLE INNOVATIONS INC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Sparkle Crowd SAFE

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Sparkle.
Invest
$100
Receive
  • A special thank-you note from the founders
Invest
$250
Receive
  • A special thank-you note from the founders
  • Featured on our website as a valued supporter (with your consent)
Invest
$500
Receive
  • A special thank-you note from the founders
  • Featured on our website as a valued supporter (with your consent)
  • A Sparkle T-Shirt with our logo
Invest
$1,000
Receive
  • A special thank-you note from the founders
  • Featured on our website as a valued supporter (with your consent)
  • A limited edition Sparkle t-shirt, hat and Sparkle stickers
Invest
$5,000
Receive
  • A special thank-you note from the founders
  • Featured on our website as a valued supporter (with your consent)
  • A limited edition Sparkle t-shirt, hat and Sparkle stickers
  • Special branded hoodie with our logo
Invest
$10,000
Receive
  • A special thank-you note from the founders
  • Featured on our website as a valued supporter (with your consent)
  • A limited edition Sparkle t-shirt, hat and Sparkle stickers
  • Special branded hoodie with our logo
  • Meet the founders via a one-on-one conference call
  • Limited (10 left of 10)
Invest
$25,000
Receive
  • A special thank-you note from the founders
  • Featured on our website as a valued supporter (with your consent)
  • A limited edition Sparkle t-shirt, hat and Sparkle stickers
  • Special branded hoodie with our logo
  • Conference call, meeting or dinner with the founders
  • Limited (4 left of 4)

Why others invested

See all reviews (0) See all (0)

I believe in nature. I believe in organic products, I believe in sustainability. Your project is defining all these and i feel privileged to have found this. Keep up the good work

Profile picture of Julius Matovu
Julius Matovu
Value-add investor
about 5 years ago

The impact of this product is many fold -- it improves sustainability through a biodegradable product and upcycling of agro waste, it improves the earn abilities of farmers in these communities, and it provides a healthier product for the consumer.

Profile picture of Amy Slawson
Amy Slawson
Value-add investor
about 5 years ago

Sparkle is (to my knowledge) the only company with proprietary technology and patents to resolve this huge problem. And they do this in a sustainable, win-win way. Win for the users, the environment, the farmers and the Investors.

Profile picture of Martin Brenner
Martin Brenner
Value-add investor
about 5 years ago

About Sparkle

Legal Name
SPARKLE INNOVATIONS INC
Founded
Oct 2019
Form
Delaware Corporation
Employees
0
Website
sparkle.life
Social Media
Headquarters
Google Map location of of Sparkle
4116 Saguaro Lane , Irving, TX
Headquarters
4116 Saguaro Lane, Irving, TX, United States 75063

Sparkle Team
Everyone helping build Sparkle, not limited to employees

Profile picture of Hetal Virani
Hetal Virani
Co-Founder
Responsible for day to day planning, production and management of finance and cost related activities.
Profile picture of Chirag Virani
Chirag Virani
Co-Founder
Featured in Superheroes · Read
Responsible for research and development, product design, manufacturing and business development.
Hetal Virani
Co-Founder
Chirag Virani
Co-Founder

Press

Ep.21 Creating A Change Out Of Waste ft. Chirag and Hetal...
The Eureka Moment The Eureka Moment
·
Feb 25, 2020

Making sanitary pads out of banana fiber- SPARKLE one of the most innovative start-ups invited for TechCrunch 2019- is ba...

Making Sanitary Pads Out Of Banana Trees
Forbes Forbes

Sparkle 's sanitary pads are made from some unusual materials: bamboo fibre, banana fibre and corn starch. Couple Hetal a...

With Banana Fibre, This Entrepreneur-Couple is Breaking T...
Yahoo Yahoo

Surat-based couple Chirag and Hetal Virani are on a mission - to break one of the biggest taboos in India by spreading aw...

Swachh Warrior: A Surat-Based Couple Is Making Sanitary P...
NDTV-Dettol Banega Swasth Swachh India NDTV-Dettol Banega Swasth Swachh India

New Delhi: Did you know, on an average, women use around 10,000 sanitary napkins in their lifetime. Conventional pads con...

This husband-wife duo’s startup manufactures sanitary pad...

Menstrual health and hygiene remains a top concern in India, especially in rural areas. Then there is also issue of dispo...

TC Top Picks: Sparkle Innovations
TechCrunch TechCrunch

Sparkle makes biodegradable sanitary pads that are plastic and chemical free. on the TechCrunch Disrupthow

Logo of Sparkle

Sparkle

Sparkle successfully raised $192,867 from 807 investors on July 1, 2020
Profile picture of Jason Heit
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Jason, Eghosasere, Alessandro, Luinel, Adedeji, and 802 others invested. 285 Reviews
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