Blendid
Automated robotic, contactless, and AI-enabled food preparation for fresh healthy smoothies made on-demand
Overview
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
Avg. Daily Raise
$5,051
# of Investors
50
Momentum
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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
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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 | $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) |
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