Blendid

Automated robotic, contactless, and AI-enabled food preparation for fresh healthy smoothies made on-demand

Analytics

Raised to Date: Raised: $9,982

Aggregate Commitments $

Platform

Dalmore Group

Start Date

06/10/2022

Close Date

06/10/2023

Min. Goal

$999

Max. Goal

$24,999,999

Min. Investment

$999

Security Type

Equity - Preferred

Funding Type

RegA+

Series

Series A

Price Per Share

$2.22

Pre-Money Valuation

$61,727,302

Rolling Commitments $

Status

Active

Reporting Date

06/27/2022

Days Remaining

348

% of Min. Goal

999%

% of Max. Goal

0%

Likelihood of Max
unlikely
Avg. Daily Raise

$587

Momentum
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Location

Sunnyvale, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Blendid is raising funds through Reg A+ crowdfunding with Dalmore Group as the Broker-Dealer. The company makes robotic food automation solutions powered by artificial intelligence. The first product of Blendid is a robotic kiosk that makes healthy smoothies on demand and based on the taste and preferences of customers. Blendid already has kiosks deployed at select Walmart locations and plans to expand aggressively. Vipin Jain and Venkateswaran Ayalur founded Blendid in 2015. The current crowdfunding campaign has a maximum target of $24,999,999.40. The campaign proceeds will be used for research and development, sales and marketing, capital expenses, and general and administrative expenses.

Balance Sheet

Cash and Cash Equivalents

$3,745,059

Accounts and Notes Receivable

$202,366

Property, Plant and Equipment (PP&E)

$658,065

Total Assets

$5,330,893

Accounts Payable & Accrued Liabilities

$2,767,690

Long Term Debt

$2,255,568

Total Liabilities

$5,023,258

Total Stockholders' Equity

$307,635

Total Liabilities and Equity

$5,330,893

Statement of Comprehensive Income Information

Total Revenues

$276,270

Costs & Expenses Applicable to Rev

$190,339

Depreciation and Amortization

$-877,919

Net Income

$-3,801,169

Earnings Per Share - Basic

$-15.00

Earnings Per Share - Diluted

$-15.00

Auditor: IndigoSpire CPA Group, LLC
Financials as of: 06/10/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Blendid 06/10/2023 Dalmore Group $61,727,302 $9,982 Equity - Preferred Active RegA+
Blendid 11/19/2021 StartEngine $56,927,498 $1,414,365 Equity - Common Funded RegCF
Blendid 09/24/2021 StartEngine $49,943,429 $2,000,065 Equity - Common Funded RegCF
Blendid 02/28/2021 Microventures $50,000,000 $460,051 Convertible Note Funded RegCF / RegD 506(c)
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Blendid on Dalmore Group 2022
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Platform: Dalmore Group
Security Type: Equity - Preferred
Valuation: $61,727,302
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