Ziba Foods

Ziba Foods

Early Stage

Urgent Appeal: Help sustain jobs in Afghanistan for Women and Farmers

Urgent Appeal: Help sustain jobs in Afghanistan for Women and Farmers

Overview

Raised to Date: Raised: $169,660

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/05/2021

Close Date

04/30/2022

Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$2,250,000

Valuation Cap

$2,500,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2022

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

$824

# of Investors

63

Momentum
Funded
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Year Founded

2015

Industry

Food, Beverage, & Restaurants

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Lewes, Delaware

Business Type

Growth

Ziba Foods, with a valuation of $2.5 million, is raising funds on Wefunder. The company sells Afghanistan’s high-quality dried fruit and nuts across the US. The nuts and dried fruit are delicious, nutritious, sustainably grown, and socially responsible food sources. Ziba Foods is focused on helping the women and farmers of Afghanistan sustain jobs and economic stability. Kabir Arghandiwal, Raffi Vartanian, Patrick Johnson, and Scott Cantini founded Ziba Foods in August 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for purchasing raw materials from farmers and exporting finished goods.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$255,009

$195,413

COGS

$240,434

$163,336

Tax

$9,253

$7,844

 

 

Net Income

$-436,953

$-636,368

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$83,149

$21,927

Accounts Receivable

$131,856

$52,120

Total Assets

$1,316,224

$1,191,447

Short-Term Debt

$317,123

$474,839

Long-Term Debt

$1,190,000

$900,758

Total Liabilities

$1,507,123

$1,375,597

Financials as of: 10/05/2021
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Ziba Foods on Wefunder 2021
Platform: Wefunder
Security Type: Convertible Note
Valuation: $2,500,000

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