Fresh Meal

Fresh Meal

[Closed for Investment] Fresh Meal, with a valuation of $5 million, is raising funds on StartEngine. The company offers locally sourced and chef-crafted international cuisines countrywide. Fresh Meal works on a subscription-based model and delivers diverse gourmet meals fresh to its customers without the need to ship frozen meals, reducing waste and carbon footprint. The business has served more than 5,800 customers since its launch and plans to expand its reach further. Nisha Ramakrishnan and Nathan Ryweck founded Fresh Meal in September 2022. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for research and development, inventory, company employment, and working capital.

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Investment Overview

Raised this Round: Raised: $51,787

Deal Terms

Total Commitments ($USD)

Platform
StartEngine
Start Date
09/27/2023
Close Date
12/26/2023
Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$150

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$5,000,000

Company & Team

Company

Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
Location
Blaine, Washington
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Nisha Ramakrishnan
Title
CEO
Founder Name
Nathan Ryweck
Title
CFO

Financials

as of Fiscal Year 2022
 Revenue +58% YoY
$392,923
 Monthly Burn
Profitable
 Cash on Hand
$44,226
Gross Margin
76%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$392,923

$248,900

COGS

$95,547

$77,246

Tax

$0

$0

 

 

Net Income

$190,492

$-13,927

Summary Balance Sheet

FY 2022 FY 2021

Cash

$44,226

$0

Accounts Receivable

$0

$0

Total Assets

$244,226

$0

Short-Term Debt

$66,676

$6,848

Long-Term Debt

$8,865

$0

Total Liabilities

$75,541

$6,848

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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
12/26/2023 StartEngine $5,000,000 $51,787 Equity - Common Funded RegCF
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Add to portfolio
Fresh Meal on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $5,000,000
Price per Share: $2.00

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Follow Fresh Meal on StartEngine 2023

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Warning: according to the close date for this deal, Fresh Meal may no longer be accepting investments.

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