Blendid

Blendid

Growth Stage

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

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

Overview

Raised to Date: Raised: $504,404

Total Commitments ($USD)

Platform

StartEngine

Start Date

01/17/2023

Close Date

04/19/2023

Min. Goal
$9,999
Max. Goal
$1,999,994
Min. Investment

$500

Security Type

Equity - Preferred

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.22

Pre-Money Valuation

$88,010,557

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$5,543

# of Investors

359

Momentum
Funded
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Year Founded

2015

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Location

Sunnyvale, California

Business Type

Growth

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

FY 2022 FY 2021

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

FY 2022 FY 2021

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: 01/17/2023
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Blendid 04/18/2023 StartEngine $88,010,557 $504,404 Equity - Preferred Funded RegCF
Blendid 11/29/2022 Dalmore Group $78,321,576 $3,895,675 Equity - Preferred Funded RegA+
Blendid 11/18/2021 StartEngine $56,927,498 $1,414,365 Equity - Common Funded RegCF
Blendid 09/23/2021 StartEngine $49,943,429 $2,000,065 Equity - Common Funded RegCF
Blendid 02/27/2021 Microventures $50,000,000 $460,051 Convertible Note Funded RegCF / RegD 506(c)
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Blendid on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Preferred
Valuation: $88,010,557
Price per Share: $2.22

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