CLOSED
GET A PIECE OF BLENDID
Leading the Robotic Food Automation Revolution
Show more
$517,728.41 Raised
REASONS TO INVEST
TEAM
Vipin Jain • Co-Founder & CEO
Venki Ayalur • Co-Founder & CTO
Vijay Dodd • Co-Founder & VP, Engineering
*Addressable Market Data for high-traffic locations see below
the pitch
At Blendid, we build robotic and AI-enabled food automation solutions. Our first product, a fully autonomous robotic kiosk, crafts healthy and delicious smoothies that are made fresh-on-demand and customized to individual taste and nutrition preferences. We currently operate smoothie kiosks in universities, travel centers, retail stores, and a hospital in collaboration with world class food service operators including Jamba, Sodexo, and Compass Group. Now, we are ready to scale operations to achieve our mission of making fresh, healthy food more personalized and accessible.
Since our Last Raise
Fresh Food Made Accessible with Robotic and AI Technology
Fresh and healthy options always seem limited when we’re in a hurry. Our mission is to give consumers fresh, healthy, and personalized food options on the go through a contactless, safe, and all-digital experience.
We designed our compact, accessible robotic food kiosk to empower operators to meet consumer demand for fast, healthy, affordable food options with greater consistency and lower overhead than traditional food service models. Our rockstar team of leaders and advisors bring together expertise in technology, business, and culinary spaces to build our field-proven operating and hardware system that works with very high uptime and is already in market serving customers.
The Problem
Healthy Eating is Expensive for Consumers and Operators
People generally want to eat healthy, provided they can find options that also taste great and are easy on their wallets. However, it’s challenging to get affordable, delicious, healthy food on the go. That’s because it’s usually either unavailable where and when they need it, too expensive, or not in line with their taste preferences.
At the same time, operators face their own set of challenges, including rising food costs, hiring challenges and wage increases, and increased demand for healthy, affordable food (source, source source). Covid-19 has added additional pressures, including the need for contactless ordering, assembly, and delivery.
Our Solution
Hello, Blendid
Our compact, autonomous, contactless robotic food kiosk can be installed in a wide range of locations to provide 24/7 fresh food service at low operational costs. By deploying cutting-edge robotic technology in an 8x8 foot kiosk, we give consumers access to healthy, affordable, and delicious food anywhere and anytime.
Blendid’s design optimizes the consumer experience and maximizes operator effectiveness. Our vision algorithms continuously learn and adapt to recognize ingredients, recipes, levels, and consumer preferences, ensuring that errors are eliminated even across diverse operating environments.
We have 13 design patents awarded or in progress for software-driven food preparation and cloud-driven distributed IoT management. Our Food Operating System, foodOS® uses AI and machine learning algorithms to self-configure, calibrate, multitask and error recover while delivering a consistent recipe every time. Our Chef Operating System, chefOS® allows chefs to create new recipes using an AI-assisted engine to guide them while dynamically computing the nutritional profile of those recipes. And our Restaurant Management System (RMS®) provides a full suite of provisioning, monitoring, and analytics tools to manage and operate kiosks remotely.
How It Works
For the consumer, Blendid’s kiosk experience goes like this:
Order at the kiosk on a tablet or ahead of time on the app
Select and customize your food order
Receive a notification when food is ready, approximately 3 minutes after ordering
Retrieve your food (safely stored inside the kiosk after being prepared)
All ingredients are either refrigerated or flash frozen to maintain freshness and optimal taste. Blendid uses only real, whole fruits, vegetables, and other nutrient-rich ingredients.
The Market
Global Demand for Healthy, Accessible Food
Covid-19 has spurred significant, rapid changes in the food industry. While this reality has been challenging, it has also created a lot of opportunity for food service providers.
In fact, the food robotics market is projected to reach $4 billion by 2026, expanding at a compound annual growth rate (CAGR) of 13.1% worldwide (source). In the US alone, Blendid has identified over 70,000 locations where the company's current offering is poised to bring value and capture market share.
Meanwhile, consumers increasingly seek out food that is not only cost-effective but also fresh and healthy.
OUR TRACTION
Major Growth and Key Partnerships
In 2022, we expanded to 9 locations, increased revenue by 267% from 2021, and contracted over 500 kiosks. We have previously raised $26 million from various institutional and retail investors.
We signed a commercial agreement with Jamba to expand and deploy “Jamba by Blendid” kiosks across the country in various types of commercial locations. We also received a strategic investment from Focus Brands, the parent of Jamba, to scale our manufacturing and operations nationwide.
Meanwhile, our operating relationships with Sodexo and Compass Group could bring Blendid kiosks to a wide range of food service locations, including colleges, hospitals, fitness centers, corporate offices, airports, shopping malls, and entertainment venues. Our new locations since our last Reg CF raise include:
- Kennesaw State University in Marietta, GA
- Georgia College, Millidgeville, GA
- UCLA in Los Angeles, CA
- Love’s Travel Stops in Williams and Corning, CA
- Grady Memorial Hospital, Atlanta, GA (Sodexo)
Our Business Model
Enabling Profitability for Operators
As a food service technology provider, we license our technology to large, established food service and retail operators with deep expertise in activating and managing food service locations, and collect recurring service fees. While we operate a limited number of Blendid-branded locations to try new concepts or establish proof points, our business is primarily driven by licensed, co-branded products with recurring service fees to Blendid.
*alternate service fee models are available
Due to our low operational costs, operators can expect to achieve significantly wider margins than they would have realized through a traditional food service model.
Why Invest
Healthy Food Accessibility is Ready to Launch
Over the next few years, we plan to expand to thousands of national and international locations, automating a variety of cuisines including soups, salads, sandwiches and more to meet the needs and food preferences of millions of consumers. Food tech automation is a multi-billion dollar market here to stay and poised for rapid growth. We have put in the work to build a strong technological foundation and now, with key operating relationships in place, and accelerating growth, we are ready to scale.
*70,000 locations have been identified as high-traffic locations that represent the total addressable market. No contracts or guarantees have been made to secure these locations. The serviceable market is based on company research and management's estimate of food sales per location for an operator.
ABOUT
HEADQUARTERS
440 N Wolfe RD M/S 215
Sunnyvale, CA 94085
WEBSITE
View Site
TERMS
Blendid
Overview
PRICE PER SHARE
$2.22
DEADLINE
Apr. 20, 2023 at 6:59 AM UTC
VALUATION
$88.01M
FUNDING GOAL
$10K - $2M
Breakdown
MIN INVESTMENT
$499.50
MAX INVESTMENT
$1,999,993.56
MIN NUMBER OF SHARES OFFERED
4,504
MAX NUMBER OF SHARES OFFERED
900,898
OFFERING TYPE
Equity
SHARES OFFERED
Series B Preferred Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives and Bonuses*
Loyalty Bonus for Previous Investors | 5% Bonus Shares
Any Previous Investor of Blendid will receive 5% additional bonus shares on their investment.
Time-Based Perks
Friends & Family Bonus
Invest within the first week and receive 20% bonus share
Super Early Bird Bonus
Invest within the second week and receive 15% bonus shares.
VIP Bonus
Invest within the third week and receive 10% bonus shares.
Blendid Bonus
Invest within the fourth week and receive 5% bonus shares.
Amount-Based Perks
$25,000+: Invest 25,000+ and receive 10% bonus shares.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
6D BYTES INC. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Series B Preferred Stock at $2.22/ share, you will receive 110 shares of Series B Preferred Stock, meaning you'll own 110 shares for $222. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and the time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and an audience-based bonus of 5% for being a prior investor, in addition to the aforementioned bonus.
Irregular Use of Proceeds
ALL UPDATES
04.20.23
FINAL HOUR - Thank you Investors!
Thank you to all our loyal investors and followers. If you are still on the fence about investing, here are a few key reasons to act NOW in the final hour:
We've raised over $26 Million and sold over 120k smoothies in retail stores, universities, and travel centers, as well as hospital and Walmart locations with co-branded Jamba locations in California, Georgia and Florida
We recently announced 4 new operating relationships with - Schneider National, Bay Club, Whole Sol Blend Bar, and Fitness International.
We have a commercial agreement with Jamba to expand and deploy “Jamba by Blendid” kiosks across the country and received a strategic investment from Focus Brands, the parent of Jamba, to scale our manufacturing and operations nationwide.
Our proprietary contactless, food-safe, and NSF-certified technology is poised for increased market adoption in the post-COVID world. In 2022, we tripled the number of our locations, increased revenue by 267% from 2021, and contracted over 500 kiosks. Our AI-driven platform is comprehensively protected by 13 patents granted or in-process.
04.20.23
4 HOURS LEFT + Blendid has so much momentum!
Within the last week we’ve announced new operating locations with:
Schneider National in Green Bay, Wisconsin - our first corporate headquarters!
The Bay Club Company - our first health club locations
Whole Sol Blend Bar - Expanding into Texas and Colorado with a new smoothie and bowl brand
Fitness International (Owner of LA Fitness, City Sports Club and Esporta Fitness) - a Jamba by Blendid location agreement
That’s a lot of momentum, but there is more to come! Join us on our journey by investing within the next few hours!
04.20.23
6 Hours Left + OVER $100K Raised in the last 2 Days!
Find out what over 330 investors already know and invest in Blendid before midnight tonight!
04.19.23
8 Hours Left + Hear what Jamba has to say about Blendid
Jamba, Kennesaw State University, and consumers talk about their experience with Jamba by Blendid robotic smoothie kiosks.
04.19.23
10 Hours Left + Yesterday’s Webinar Video Highlights
Miss yesterday’s webinar? No problem! Here’s the video recap. In it you will hear about:
Blendid’s growth plans
Why you should invest in Blendid
How Blendid stands apart from competition
What consumers are saying about the Blendid experience
04.19.23
12 Hours Left + Jamba by Blendid to open in Fitness International Health Clubs
Blendid and Jamba plan to expand their Jamba by Blendid autonomous robotic kiosk locations to the health club industry. As part of a new collaboration with Fitness International, LLC, Jamba by Blendid kiosks will serve the health club industry and will open at select locations starting in California. This will be Blendid’s second entry into health clubs after opening in select Bay Club locations.
With so much momentum, NOW is the time to join Blendid! Invest before our campaign closes today!
04.19.23
14 Hours Left + KTLA TV Station Features Blendid
KTLA features the Jamba by Blendid robotic smoothie kiosk at the University of California, LA (UCLA).
04.19.23
FINAL DAY + NEW Contract with Whole Sol Blend Bar for 50 units!
Whole Sol Blend Bar to Add 50 Blendid Robotic Smoothie Kiosks Across Food Halls, Airports, College Campuses and Other High-Traffic Locations.
Whole Sol Blend Bar, a growing power player in the organic quick-service restaurant (QSR) market. The partnership will kick off with plans to open multiple locations within the next six months at a range of locations, which may include college campuses and airports in the Western states.
Currently operating six blend bars in Colorado, Whole Sol will leverage Blendid robotic kiosks to speed its expansion across Colorado, Texas and into other priority U.S. markets. With Whole Sol’s rousing success serving 100% organic smoothie bowls, cold-pressed juices, artisan toasts, lattes, and more, the deal also marks a strategic entry point for Blendid’s planned expansion into additional cuisine types to meet the increasing demand for nutritious quick-serve meal options.
*Proposed branding, not finalized
04.19.23
CAMPAIGN CLOSING - See how Blendid is leading the Food Tech Revolution
See how Blendid is leading the revolution in Food Robotics:
04.18.23
Blendid Now Accepting Individual Partners to Deploy Kiosks Nationwide
You've asked, and we've answered. Blendid is officially stepping into the next phase of automated kiosk deployments and offering individual operators a chance to partner with us! Here's what you need to know:
The US domestic market will be our priority. While we typically deploy in high density locations, we will assess the potential of each venue to ensure that it meets our requirements.
Blendid is not a traditional franchiser that pre-selects a location for its operator. Ideally, those who partner with us will have a place secured and/or a path forward to securing one.
We're looking for operators with experience in food service! This can range from anything in restaurant management to operations planning.
Kick off the process by filling out an inquiry form on our website. A member of our sales team will be in touch after that in order to walk you through the details and begin due diligence.
Labor shortages and other strains have made traditional food service more challenging. Automated kiosks that prepare and serve healthy and delicious food is the future. Be sure to submit an application today!
REWARDS
10%
Stack Venture Club & Rewards!
Members get an extra 10% shares in addition to rewards below!
Venture Club
Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
$25,000
Tier 1
Invest 25,000+ and receive 10% bonus shares.
JOIN THE DISCUSSION
0/2500
Gabriel DiCristofaro
4 months ago
It's 2025, can we get an update?
0
0
J Garcia
a year ago
Is it possible for investors to become kiosk operators?
0
0
Samuel Salazar
2 years ago
Hi Blendid! I invested, wondering if there were going to be updates sent to our emails? Thank you!
0
0
Sheldon Douglas
2 years ago
Will you guys be extending your funding deadline I'm interested in the investment
1
0
Richard Koch
2 years ago
I was referring to POS sales. Do people buy one drink, never to return? Or, are you tracking repeat retail sales. Again, the concept of tracking credit card swipes. Do you collect metrics?
Show more
1
0
Richard Koch
2 years ago
Are you able to determine whether you're seeing repeat retail customers? Can you tell whether the same credit cards are charged repeatedly? Thanks
Show more
2
0
Michael Pham
2 years ago
Greetings, I have a couple of questions: 1. Are the preferred shares convertible? 2. What is the maximum output capacity per hour of each kiosk? 3. Are these kiosks restrained since there is only one “robot”? Much appreciated in advance!
Show more
1
0
Michael Adams
2 years ago
I am looking to invest 5k. If so what type of return can I expect and paid in what timeframe? Also in the future will I be able to sell my shares??
Show more
1
0
RITESH BALMIKI PANDA
2 years ago
Hello, I want to know how many kiosk you contracted in 2022? And how many kiosks you're estimating to be contracted in 2023? Also, when can we expect to see another product from Blendid say Autonomous Coffee kiosks or any food kiosks?
Show more
2
0
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
FAQS
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000 are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, they are limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancellation period. Once the four-hour window has passed, it is up to each company to set their own cancellation policy. You may find the company’s cancellation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to be sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
mark caringola
3 months ago
i invested 1000.00 dollars what happened to my investment?
0
0