About this raise
Red Eye Louie’s, with a valuation of $15.26 million, is raising funds on StartEngine. It is a spirit brand that makes unique blends by experimenting with mixtures of different spirits. The company has already created VODQUILA by thermally-blending vodka and tequila, RUMQUILA with rum and tequila, and WHISQUILA by blending rye whiskey with tequila. Red Eye Louie’s has shipped over 130,000 cases of its premium spirits across the nation as well as to international markets through its 33 distributors and 7,500 retail locations. Chander Arora, Nina Arora, and Vikram Arora founded Red Eye Louie’s in 2011. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.24 million. The campaign proceeds will be used for marketing, research and development, company employment, operations, and working capital.
Investment Overview
Invested : $11,735
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 01/13/2023
- Close Date
- 04/13/2023
$10,000
$1,235,000
$250
Equity - Common
Growth Stage
RegCF
$1.00
$15,255,758
Company & Team
Company
- Year Founded
- 2011
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue -2.3% YoY
-
$1,531,344
as of FY2021
- Monthly Burn
-
Profitable
as of FY2021
-
Cash on Hand
-
$274,015
as of FY2021
- Gross Margin
-
37%
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $250,981
- VC Backed?
- No
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.