Overview

Raised to Date: Raised: $406,153

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/10/2022

Close Date

01/23/2024

Min. Goal

$50,000

Max. Goal

$425,000

Min. Investment

$250

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

01/30/2024

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$766

# of Investors

183

Momentum

Funded

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Nepal Tea Collective

Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Retailtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Long Island City, New York

Business Type

Growth

Company Website

Nepal Tea Collective, with a valuation of $5 million, is raising funds on Wefunder. The company makes and sells fresh and delicious teas and positively transforms the community while doing so. The teas of Nepal Tea Collective are fresh, organic, artisanal, traceable, and come in sustainable packaging. Nepal Tea Collective also invests 1% of its top-line revenue for the empowerment of farmers. Nishchal Banskota founded Nepal Tea Collective in January 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $600,000. The campaign proceeds will be used for hiring and retaining talent, product development, and digital marketing.

Summary Profit and Loss Statement

	FY 2022	FY 2021
Revenue	$403,886	$251,605
COGS	$212,817	$128,769
Tax	$1,997	$2,193
Net Income	$746	$-18,084

Summary Balance Sheet

	FY 2022	FY 2021
Cash	$77,409	$56,949
Accounts Receivable	$118,869	$75,925
Total Assets	$258,543	$166,202
Short-Term Debt	$157,090	$68,181
Long-Term Debt	$90,762	$90,762
Total Liabilities	$247,852	$158,943

Financials as of: 08/10/2022

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Nepal Tea Collective Founder Nishchal Banskota Discusses Product Transparency

There’s nothing better on a cold or rainy day than sitting down with a nice hot cup of tea. Something about it warms you to your core and makes your problems seem a little bit smaller. But have you ever stopped to wonder where the ingredients for that delicious steamy beverage came from?

Nepal Tea Collective is aiming to bridge the gap from farm to teacup. Each sachet features a QR code that drinkers can scan to find out where their tea was grown, down to the faces of the people who grew it. We spoke with founder and CEO Nishchal Banskota about the importance of transparency and the company’s plans for long-term growth.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview