Happy Tummy Asia

Happy Tummy Asia

Asian Takeout-Style Meal Delivery

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Security Type
Crowd Note
Min Investment
Wilmington, DE
Offering Date
November 16, 2021
Expected Close Date
April 26, 2022
Amount Raised
No. Investors
Security Price

Key Deal Facts

Asian takeout-style meal delivery with no gluten, dairy, nuts or peanuts
Ready to heat—made to order in local ghost kitchens for next-day delivery
Over 2500 dishes delivered and $40K revenue since Dec 2020 soft launch
61% rebuy rate and a loyal customer following
$62 average order, and $26 Customer Acquisition Cost
Advisory team made up of experts and industry insiders

Security Description

A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.

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