Happy Tummy Asia
Early Stage
Asian takeout-style meal delivery that makes your tummy happy
Overview
Raised: $60,809
Total Commitments ($USD)
Platform
Republic
Start Date
11/18/2021
Close Date
04/26/2022
Min. Goal
$25,000
Max. Goal
$275,000
Min. Investment
$100
Security Type
Convertible Note
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
Uncapped
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$382
# of Investors
112
Momentum
Funded
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Year Founded
2018
Industry
Food, Beverage, & Restaurants
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Happy Tummy Asia is raising funds on Republic. The business offers Asian takeout-style meal delivery service that tastes great and is good for the tummy. The offerings of Happy Tummy Asia are made using organic ingredients and are free from gluten, nuts, shellfish, and dairy. Happy Tummy Asia has delivered over 2,500 dishes and generated more than $40,000 in revenue since its soft launch in December 2020. Monita Sun and Joshua Russo founded Happy Tummy Asia in November 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $275,000. The campaign proceeds will be used to increase the production capacity, open new locations, and increase menu options.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$34,078 |
$14,162 |
|
COGS |
$15,927 |
$7,366 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-17,587 |
$-3,361 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$5,029 |
$5,154 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$14,328 |
$9,258 |
|
Short-Term Debt |
$13,788 |
$1,031 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$13,788 |
$1,031 |
Financials as of: 11/18/2021
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