Bibi Ji
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.
Investment Overview
Invested : $46,310
Deal Terms
Total Commitments
- Platform
- SMBX
- Start Date
- 01/23/2025
- Close Date
- 04/10/2025
$10,000
$500,000
$10
Debt
Monthly
RegCF
11.50%
5.0 years
Company & Team
Company
- Year Founded
- 2017
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -8.7% YoY
-
$1,099,363
as of FY2023
- Monthly Burn
-
$5,427
as of FY2023
-
Runway
-
11.8 months
as of FY2023
- Gross Margin
-
69%
as of FY2023
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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 |
|---|---|---|---|---|---|---|
| 04/10/2025 | SMBX | - | $46,310 | Debt | Funded | RegCF |