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Security Type
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CAFES
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Categories
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Retail, Consumer Goods & Products, Food & Bev, Social Impact, Food & Beverage
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Min Investment
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$250
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Location
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Long Island City, NY
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Expected Close Date
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April 29, 2024
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Target Raise
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$50.00K-$425.00K
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Security Price
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$1
- Number of Employees
- 4
- Cash
- $77,409
- Revenue
- $403,886
- Short Term Debt
- $157,090
- Cost of Goods
- $212,817
- Long Term Debt
- $90,762
- Net Income
- $746
Key Deal Facts
🍃 A public benefit corporation investing 1% of top-line revenue directly to empower farmers
📈 Featured in New York Times, Forbes | 4.8 average rating | 8M+ cups sold | 78% average growth rate
🏆 Voted top 10 among 100+ global brands | won multiple national and international tea awards
🫖 Led by 2nd generation tea producer with a legacy of producing teas for over 40 years
🤓 Sets a new standard for transparency and traceability via QR codes/blockchain ledger tech
♻️ Potential to offset carbon from the environment while generating additional income for 70K farmers
💰The global Tea Market is expected to be worth US$ 104.2 Billion by 2029 with a CAGR of 6.6%
🤑Conducted the most successful crowdfunding campaign through Kickstarter in the organic tea industry
Management Team / Advisory Board Bios
Nishchal Banskota Founder/CEONish is a 2nd generation tea producer with a family lineage of 40 years in the tea industry. His entrepreneurial journey began when he was 17 and his aim is to get one million farmers out of poverty within their generation and within his lifetime., Pratik Rijal COOPratik is a 3rd generation tea producer who joined the tea industry after leaving a corporate job. These days, he is busy cooking up different ways to share our delicious brew with as many people worldwide as possible., Amigo Khadka Head of Growth/StrategyAmigo currently leads the growth and strategy initiatives at Nepal Tea Collective. He has worked in the wall street before and also co-founded/scaled a logistics tech startup in Nepal (including raising Series A)., Ritu Rajbanshi Content CuratorRitu has a Master's degree in Development Studies. She has a passion for writing and storytelling. She joined Nepal Tea Collective to bring forth the stories within the tea industry.
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Business Idea
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Business Traction
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Management Team
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Valuation
Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.