Fresh Meal
Early Stage
Gourmet Meals Delivered Fresh
Overview
Raised: $50,129
Total Commitments ($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
Price Per Share
$2.00
Pre-Money Valuation
$5,000,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
11/30/2023
Days Remaining
26
% of Min. Goal
334%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$783
# of Investors
142
Momentum
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
High
Capital Intensity
Low
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.
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 |
Financials as of: 09/27/2023
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