Bakkal
Growth Stage
Your Gateway to the World's Authentic Flavors
Overview
Raised: $73,489
Total Commitments ($USD)
Platform
Issuance Express
Start Date
11/20/2023
Close Date
04/23/2024
Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment
$245
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$3.82
Pre-Money Valuation
$66,190,053
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$477
# of Investors
42
Momentum
Funded
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Year Founded
2021
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Bakkal, with a valuation of $66.2 million, is raising funds on Issuance Express. The company has developed an app for users to order authentic Mediterranean, Balkan, and Middle Eastern grocery products. Bakkal is a B2C e-commerce ecosystem for users to get indigenous products at better prices. The business has 25,000 active app users, 5 million consumer transactions, and $10 million in lifetime revenues. Murat Karslioglu, Ahmet Altug, and Robert Calgav founded Bakkal in February 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for marketing, research and development, future wages, debt repayment, and general working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$80,993 |
$7,292 |
|
COGS |
$1,684,655 |
$460,983 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,603,662 |
$-453,691 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$49,618 |
$354,630 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$544,616 |
$382,821 |
|
Short-Term Debt |
$181,992 |
$36,512 |
|
Long-Term Debt |
$2,503,716 |
$836,512 |
|
Total Liabilities |
$2,685,708 |
$873,024 |
Financials as of: 11/20/2023
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