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PishPosh, Inc. ()


Company Overview

Proposed Symbol
Company Name PishPosh, Inc.
Exchange
Share Price $
Employees 24 (as of 03/07/2023)
Status
Shares Offered 1,766,618
Offer amount $8,833,090
Shares Over Alloted
Company Address 1915 SWARTHMORE AVENUE LAKEWOOD NJ 08701
Company Phone (732) 905-3716
Company Website www.pishposhbaby.com
CEO Chaim (Charlie) Birnbaum
State of Inc
Fiscal Year End 12-31
Total Offering Expense $419,137.51
Shareholder Shares Offered
Shares Outstanding 6,759,345
Lockup Period (days) 180
Lockup Expiration
Quiet Period Expiration
CIK 0001611282
DealId 937764-104591

Company Description

PishPosh is a rapidly growing online retailer of premium baby products. Based on our experience in the industry, we believe that, since its founding in 2015, PishPosh has established itself as a leading e-commerce platform with an extraordinarily engaged customer base of middle- and upper-class mothers. PishPosh distinguishes itself by offering new and unique brands/products that inspire moms to shop. We are primarily a baby gear distributor based in Lakewood, New Jersey. We showcase and sell our products through our showroom boutique and our website, www.pishposhbaby.com, third party marketplaces like Amazon.com and our boutique (on site). We stock items of which we sell the most quantity in a dedicated warehouse and fulfilment center located in Farmingdale, New Jersey, which we believe improves customer service, shortens the delivery time compared with those e-commerce retailers that do not hold any inventory, and lowers shipping costs compared to drop shipping. We ship via FedEx, UPS and USPS throughout the United States (the lower 48 States) and free shipping on orders over $75. We currently maintain approximately $4,500,000 (as of December 31, 2022) of inventory, consisting mostly of strollers, car seats and highchairs. We stock the majority of our inventory so that we can have 60 – 90 days of inventory available to us depending on the season. --- Our principal executive offices are located at 1915 Swarthmore Avenue, Lakewood, New Jersey 08701, and our telephone number is (732) 905-3716. Our website is available at www.pishposhbaby.com.