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

Overview

Raised to Date: Raised: $70,714

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/18/2023

Close Date

02/28/2023

Min. Goal

$9,999

Max. Goal

$1,999,994

Min. Investment

$500

Security Type

Equity - Preferred

Funding Type

RegCF

Price Per Share

$2.22

Pre-Money Valuation

$88,010,557

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/01/2023

Days Remaining

27

% of Min. Goal

707%

% of Max. Goal

4%

Likelihood of Max
unlikely
Avg. Daily Raise

$5,051

# of Investors

50

Momentum
cool.svg
Create a free account today to gain access to KingsCrowd analytics.
Location

Sunnyvale, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Blendid, with a valuation of $88.01 million, is raising funds on StartEngine. 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 co-branded Jamba locations and plans to expand aggressively. Vipin Jain and Venkateswaran Ayalur founded Blendid in 2015. The current crowdfunding campaign has a minimum target of $9,998.88 and a maximum target of $2 million. The campaign proceeds will be used for marketing, research and development, operations, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,014,634

$276,270

COGS

$745,646

$190,339

Tax

$800

$4,050

 

 

Net Income

$4,613,801

$3,801,169

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,077,722

$3,745,059

Accounts Receivable

$287,524

$202,366

Total Assets

$3,956,231

$5,330,893

Short-Term Debt

$1,204,363

$1,201,013

Long-Term Debt

$505,567

$3,265,092

Total Liabilities

$1,709,930

$4,466,105

Financials as of: 01/18/2023
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Blendid 06/10/2023 Dalmore Group $78,321,576 $3,895,675 Equity - Preferred Active RegA+
Blendid 02/28/2023 StartEngine $88,010,557 $70,714 Equity - Preferred Active RegCF
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)
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Analyst Report Analyst Report Methodology Article

Pending Review

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Blendid on StartEngine 2023
$
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $88,010,557
Invest in a different round for this company? Use my investment date to determine which raise I invested in.

Follow company

Follow Blendid on StartEngine 2023
View on StartEngine