Zest

Zest

Early Stage

The most fun and easy way to learn how to cook

The most fun and easy way to learn how to cook

Overview

Raised to Date: Raised: $94,590

Total Commitments ($USD)

Platform

Republic

Start Date

03/22/2023

Close Date

06/08/2023

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

06/29/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,228

# of Investors

197

Momentum
Funded
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Year Founded

2021

Industry

Education, Training, & Coaching

Tech Sector

EdTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

New York, New York

Business Type

Growth

Zest, with a valuation of $10 million, is raising funds on Republic. The company has developed an app to learn cooking through personalized culinary mentors and best friends. Zest provides comprehensive education about cooking, including information about grocery stores and clean up, and creates a habit of cooking. The app has reported a 1,000% growth in the past six months and has accumulated 25 million views on its brand videos. Jake Gutstein, Amrit Saini, Savannah Cooper, and Graham Kirstein founded Zest in June 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for the development of social and network effects, app development, augmenting app content, and marketing.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$25,527

$949

COGS

$7,266

$1,234

Tax

$0

$0

 

 

Net Income

$-50,632

$-12,598

Summary Balance Sheet

FY 2022 FY 2021

Cash

$194,106

$86,802

Accounts Receivable

$7,871

$600

Total Assets

$201,977

$87,402

Short-Term Debt

$182

$0

Long-Term Debt

$120,000

$0

Total Liabilities

$120,182

$0

Financials as of: 03/22/2023
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Zest on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $10,000,000

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