Tastes Markets

Early Stage

WeWork of Grocery Stores.

Analytics

Raised to Date: Raised: $71,650

Aggregate Commitments $

Platform

Wefunder

Start Date

01/10/2022

Close Date

04/07/2022

Min. Goal

$69,964

Max. Goal

$1,069,972

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Pre-Seed

Price Per Share

$68.00

Pre-Money Valuation

$7,111,644

Rolling Commitments $

Status
Funded
Reporting Date

04/30/2022

Days Remaining
Funded
% of Min. Goal

102%

% of Max. Goal

7%

Likelihood of Max
Funded
Avg. Daily Raise

$824

# of Investors

46

Momentum
Funded
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Location

Austin, Texas

Industry

Retail Shops & Department Stores

Tech Sector

Retailtech

Distribution Model

B2B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

Tastes Markets, with a valuation of $7.11 million, is raising funds on Wefunder. The company works on the business model of creating shelf spaces and leasing them to multiple local food brands. The concept works as ‘WeWork’ of grocery stores and leads to low inventory costs, labor costs, and operational costs. Tastes Markets has established an impressive proof of concept with 80% shelf spaces reserved with deposits by January 2022. Cheryl Cunningham and Steven Siegel founded Tastes Markets in April 2021. The current crowdfunding campaign has a minimum target of $69,964 and a maximum target of $1,069,972. The campaign proceeds will be used for marketing, buildout, furniture, fixtures, equipment, and operations.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-143,119

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$128,076

$0

Accounts Receivable

$0

$0

Total Assets

$175,076

$0

Short-Term Debt

$26,852

$0

Long-Term Debt

$0

$0

Total Liabilities

$26,852

$0

Financials as of: 01/10/2022
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Tastes Markets on Wefunder 2022
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Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $7,111,644

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