Nipyata
Growth Stage
The Future of Beverage Alcohol E-Commerce
Overview
Raised: $97,344
Total Commitments ($USD)
Platform
StartEngine
Start Date
01/03/2023
Close Date
04/14/2023
Min. Goal
$9,998
Max. Goal
$1,235,000
Min. Investment
$249
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.13
Pre-Money Valuation
$17,040,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$973
# of Investors
172
Momentum
Funded
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Year Founded
2021
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
| FY 2021 | FY 2020 | |
|---|---|---|
|
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
| FY 2021 | FY 2020 | |
|---|---|---|
|
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: 01/03/2023
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