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Categories
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Prepared Foods
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Expected Close Date
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April 27, 2023
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Target Raise
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$25.00K-$50.00K
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Security Price
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$1
- Number of Employees
- 4
- Cash
- $5,843
- Revenue
- $83,101
- Short Term Debt
- $291
- Cost of Goods
- $27,936
- Long Term Debt
- $-12,601
- Net Income
- $2,837
Company Description
Kassumay is a producer of West African inspired fruit spreads, jams, and sparkling drinks. Owner Bacary is a Senegalese immigrant who wanted to introduce the United States to the distinct flavors of the hibiscus flower, native to the southern region of Senegal. Kassumay sells their products direct-to-consumer through its e-commerce site, as well as wholesale through grocery retailers like Whole Foods. Kassumay’s fruit spreads are 100% natural, simple, and made from traditional recipes using modern processes.
Key Deal Facts
Kassumay brings distinct West African flavors to American consumers, while supporting female farmers in Senegal., Before immigrating to the United States, owner Bacary worked for more than ten years, in the harvest, treatment, and sale of produce in Senegal’s southern region., Founded in 2020, Kassumay doubled 2022 year-over-year revenue and had a profitable year!