Nipyata
Growth Stage
The Future of Beverage Alcohol E-Commerce
Overview
Raised: $70,440
Total Commitments ($USD)
Platform
StartEngine
Start Date
01/04/2023
Close Date
04/14/2023
Min. Goal
$9,998
Max. Goal
$1,235,000
Min. Investment
$249
Security Type
Equity - Common
Series
Seed
Funding Type
RegCF
Price Per Share
$2.13
Pre-Money Valuation
$17,040,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/02/2023
Days Remaining
71
% of Min. Goal
705%
% of Max. Goal
6%
Likelihood of Max
Avg. Daily Raise
$2,429
# of Investors
129
Momentum
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Location
San Rafael, California
Industry
Food, Beverage, & Restaurants
Tech Sector
CommerceTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Nipyata, with a valuation of $17.04 million, is raising funds on StartEngine. The company has developed an online platform to help alcohol brands connect with consumers. The platform allows alcohol brands to increase their brand awareness and improve online sales. Nipyata has business relationships with companies including Aviation Gin, Betty Buzz, Cutwater, and Skrewball Whiskey and helps them by creating unique and branded experiences. William Hench, Dan Cedrone, and Andrew Hench founded Nipyata in March 2021. The current crowdfunding campaign has a minimum target of $9,998.22 and a maximum target of $1.23 million. The campaign proceeds will be used to market and scale.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,899,910 |
$1,739,147 |
|
COGS |
$1,214,032 |
$745,323 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,285,007 |
$-179,038 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$97,573 |
$33,831 |
|
Accounts Receivable |
$18,370 |
$26,717 |
|
Total Assets |
$470,027 |
$198,486 |
|
Short-Term Debt |
$791,188 |
$401,183 |
|
Long-Term Debt |
$1,279,700 |
$115,000 |
|
Total Liabilities |
$2,070,888 |
$516,183 |
Financials as of: 01/04/2023
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