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anonymous 11 days ago
Hi Karhia team, I invested in this round and I hope you can close the round successfully. I am living in the U.S. and taking our dog to local Petco store (see https://about.petco.com/) for grooming on regular basis. I did show your video clip to the groomer asking her opinion. She got quite excited seeing the Karhia product in use and immediately understood the value proposition. She was asking about the price of the device and I showed her your online shop (https://www.karhia.com/en/shop/) pricing. She balked a bit on the 499 EUR ~ 550 USD price tag for the kit. Currently they don't do hand stripping at Petco stores but they have about 1500 stores in the U.S., Mexico and Puerto Rico and have grooming services that are quite popular over here. Getting your product into Petco like chains with hundreds/thousands of locations would open up a lot of business here in USA. You should absolutely also make this product also available in Amazon.com in the U.S. to get your volumes up.
Greetings from Lexington, Massachusetts.
anonymous 13 days ago
In your webpage there is a list of trimmers that supposedly use karhia pro, but when i go on their websites it says they handstrip. Are you sure every trimmer on the list actually uses your machine to do the job? How can i be sure that they actually use the machine? Im very interrested in investing into your business, but i want to know if this product can become a standard in these type of dog grooming shops. I think price is a bit high for average person. So if it isnt good enough for professionals who are willing to pay more. I cant see the customer base if there isnt a significant price drop.
anonymous 28 days ago
A few questions on the P&L / balance sheet:
Thers's 34kEUR of finished goods on 2018 end of year balance sheet and exactly the same number on the May books. Does this mean that the channel is full and no products have left the inventory in five months? Any idea how much inventory is there in the channel (how long does the current inventory sustain revenue run rate)?
The cash position seemed extremely challenging with a few thousand EUR in cash at end of May. Are you still able to make vendor payments and payroll with the sales cashflow or are you falling behind as of now, August? The numbers at a quick glance raise a concern that you guys could go belly up in the immediate months to come.
Best of luck and hopefully things are not as bad as they look on the surface.
anonymous about 1 month ago
I would like to have some informations about the financials (business plan, last figures, ...)