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.
Investment Overview
Raised: $51,787
Deal Terms
Company & Team
Company
- Year Founded
- 2022
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +58% YoY
- $392,923
- Monthly Burn
- Profitable
- Cash on Hand
- $44,226
- Gross Margin
- 76%
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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 |