Blendid

Automated robotic, contactless, and AI-enabled food preparation for fresh healthy smoothies made on-demand

Analytics

Raised to Date: $503,774

Aggregate Commitments $
Platform

StartEngine

Start Date

04/15/2021

Close Date

10/11/2021

Min. Goal

$10,000

Max. Goal

$1,999,998

Min. Investment

$499

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$49,943,429

Rolling Commitments $
Status

Active

Reporting Date

06/13/2021

Days Remaining

120

% of Min. Goal

5,038%

% of Max. Goal

25%

Likelihood of Max
unlikely
Avg. Daily Raise

$8,539

# of Investors

328

Momentum
hot
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Location

Sunnyvale, California

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Blendid, with a pre-money valuation of $49.9 million, is raising funds on StartEngine. The company makes robotic food automation solutions powered by artificial intelligence. The first product of Blendid is a robotic kiosk that makes healthy smoothies on demand and based on the taste and preferences of customers. Vipin Jain, Venki Ayalur, and Vijay Dodd founded Blendid in 2015 and have raised over $13 million in previous rounds of financing. The current round of crowdfunding has a minimum target of $9,999.73 and a maximum target of $1,999,998.39, and the proceeds will be used for expansion to national and international locations. Blendid already has kiosks deployed at select Walmart locations and plans to expand aggressively.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$64,119

$83,346

COGS

$65,627

$93,715

Tax

$0

$0

 

 

Net Income

$-4,862,798

$-4,088,468

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$2,273,275

$4,309,340

Accounts Receivable

$5,710

$15,541

Total Assets

$3,951,860

$5,566,553

Short-Term Debt

$2,030,144

$918,583

Long-Term Debt

$2,664,753

$535,645

Total Liabilities

$4,694,897

$1,454,228

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Summary of Crowdfunding Raises
Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Blendid 10/11/2021 StartEngine $49,943,429 $503,774 Equity - Common Active RegCF
Blendid 03/01/2021 Microventures $50,000,000 $460,051 Convertible Note Not Funded RegCF
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