Bibi Ji

Bibi Ji

Open  for investment

About this raise

Bibi Ji is raising funds on SMBX. It is a Michelin-recognised modern Indian restaurant and wine bar in Santa Barbara, California. Bibi Ji offers a modern twist on traditional Indian cuisine and a dynamic natural wine program. The business has a loyal customer base and has been featured in Forbes, The New York Times, Robb Report, and the Michelin Guide. Alejandro Medina founded Bibi Ji in October 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $500,000. The campaign proceeds will be used to add 70 additional seats to the restaurant.

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Investment Overview

Committed this round: $21,170

Deal Terms

Total Commitments ($USD)

Platform
SMBX
Start Date
01/23/2025
Close Date
03/18/2025
Min. Goal
$10,000
Max Goal
$500,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

11.50%

Term Length

5.0 years

Company & Team

Company

Year Founded
2017
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Location
Santa Barbara, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
20
Prior Founder Exits?
No
Founder Name
Alejandro Medina
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue -8.7% YoY
$1,099,363
 Monthly Burn
$5,427
 Runway
11.8 months
Gross Margin
69%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$1,099,363

$1,204,379

COGS

$337,200

$418,828

Tax

$0

$0

 

 

Net Income

$-65,124

$-282,996

Summary Balance Sheet

FY 2023 FY 2022

Cash

$64,234

$37,060

Accounts Receivable

$5,270

$5,270

Total Assets

$373,896

$210,438

Short-Term Debt

$779,137

$675,954

Long-Term Debt

$0

$0

Total Liabilities

$779,137

$675,954

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/18/2025 SMBX - $21,170 Debt Active RegCF
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Bibi Ji on SMBX 2025
Platform: SMBX
Security Type: Debt

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