Karma Baker
Eat.Good.Karma.
Westlake Village, CA
Food & Beverage
Karma Baker is revolutionizing your favorite dessert. Our Enlightened Baking is 100% plant-based, 100% gluten-free, 100% healthy for you and the planet too. Our mouth-watering cookies, cakes and pies taste as good as they look. And as a result, our sales have soared in the past two years and not just from those seeking vegan and gluten free options. We specialize in creating rich and satisfying desserts. We spent years creating our own butter and egg substitutes when there weren’t many choices in the marketplace. Now we wow eaters with a surprising taste and texture, just like the “real thing”. And we help the planet by reducing the impact animal-based products have on our climate. We are catapulting forward where other dessert brands left off, giving you your favorite desserts without the ingredients that drag you, and our planet, down. Karma Baker is the future of dessert now; We invite you to take a seat at the table as we bring Enlightened Baking to every home.
$76,020
raised
74
Investors
$6M
Valuation
$5.00
Price per Share
$500.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1M
Offering Max
Reg CF
Offering
Rewards
Get rewarded for investing more into Karma Baker:
$500+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$10,000+
Investment
Tier 4
$10,000+ = 25% off entire site for 1 year + "Eat Good Karma" Sweatshirt
Reasons to Invest
- Good karma is baked in: Karma Baker is changing the face of dessert by proving that the demand for plant-based and gluten-free desserts is insatiable. These desserts are so good and healthy even people that are not necessarily looking for vegan or gluten-free are choosing Karma Baker.
- The sky's the limit: The market for plant based foods is skyrocketing, expecting to reach $162 billion within the decade according to a report by Bloomberg Intelligence. More than 50% of millennials are trying to incorporate plant-based and unprocessed foods into their diet. We are making it easy (and delicious) for them.
- Meeting the Moment. The pandemic has forever changed how people get the food they want. Our online sales have organically increased on average 160% each year since 2018. With an ever-increasing army of thousands of loyal and enthusiastic customers over the entire US and a large growing social following (41k+ Instagram followers) and great reviews across the board (4.5+ stars).
Overview
A fresh approach to baked goods
Karma Baker is revolutionizing your favorite dessert by delivering fresh and healthy desserts, consciously and sustainably. We make the desserts you love without the ingredients that drag you – and our planet – down. Our vegan and gluten free tasty treats are made in our conscious and loving bakeries around North America. Our goal is to not only be the best plant-based dessert you’ve ever had, but to be THE BEST dessert you’ve ever had, with locations in macro population centers and quick and easy delivery to everyone in the comfort of their homes. We strongly believe that we can make the world a better place with the best plant-based enlightened food. Eat. Good. Karma.
the problem
The demand for healthy, plant-based and gluten-free food is exploding, but when it comes to dessert, most taste like a cardboard substitute for what you really want
There’s a reason people think healthy, vegan and gluten-free (GF) food is boring. They’ve probably had a bad experience because someone just left out the butter and eggs on their chocolate cupcake recipe, and in the name of health replaced it with something green.
Blech.
We specialize in creating rich and satisfying desserts. Creating our own butter and egg substitutes when there weren’t many choices in the marketplace. We wow eaters with a surprising taste and texture, just like the “real thing”. No one misses the animal-based ingredients and they are happier because of that.
For health reasons many people need to adopt a healthier, plant-based and GF diet or lifestyle and don't live near a vegan bakery. Many don’t have the time to source or create their own plant-based and GF goodies in a world still accustomed to rudimentary baking and cooking ingredients.
More and more Doctors are recognizing and prescribing the health benefits of a plant-based diet.
The Market
Plant-based foods are the new normal
The biggest food trend growing in 2020 so far is the desire for more plant-based foods! Plant-based foods continue to win over America’s stomachs and wallets with 57 percent of all U.S. households purchased plant-based foods (that's over 71 million households)- up from 53 percent in 2019. Current data tells us unequivocally that an ever-growing number of consumers are incorporating plant-based foods into their diet because they taste good and boost their health. The U.S. retail for plant-based in 2020 grew 27 percent bringing the total plant-based market value to $7 billion.
Additionally, an estimated 83% of Americans are reportedly trying to incorporate more plant-based foods into their diets.
While the plant based industry is focused on burger joints and alternative milks, we are giving people what they love – with a cherry on top.
Karma Baker is happy to be mirroring this trend as we experienced our fastest and largest growth in online sales in 2020 when we then doubled the size of our physical bakery.
THE solution
We are saving the planet, your sweet tooth, and your soul's karma
We have created 100% vegan, gluten-free, kosher, and sustainable (100% dairy, egg, and animal-free) desserts that are both delicious and ethically sourced. We are catapulting forward where other dessert brands left off with the best plant-based ingredients available. We offer the dessert you love (without the ingredients you don’t): cookies, donuts, holiday treats like pies and gingerbread houses, and of course birthday cakes.
Our founder and head baker, Celine, created Karma Baker so that people around the world could have access to guilt-free great-tasting desserts. We’ve also perfected our safe, sustainable packaging and delivery process, so that every dessert that gets sent out arrives just as fresh as it was at the bakery, undamaged.
*This testimonial may not be representative of the experience of other customers and is not a guarantee of future performance or success.
Karma Baker is an online direct-to-consumer business. We sell freshly baked goods at www.KarmaBaker.com and deliver them via FedEx to our customers in all 50 states (with Canada on the horizon). We bake fresh-to-order and ship our desserts frozen. Right now, we’re able to bake and ship all orders within 36 hours after an order is placed. Transit times are between 1-3 days.
why invest
We love baking and we believe in being amazing
We believe that the quality and dedication that goes into making our products is what sets us apart from other bakeries. With investment we plan to:
- Open 3 more satellite bakeries in major U.S. cities that are centrally located with high demand for vegan desserts (i.e. New York, Chicago, and Austin) to reduce delivery costs and transit times while increasing visibility and local to-go sales
- Expand online presence and delivery to Canada and Mexico
- Grow to over 1 million customers served
Help us maintain a happy society by pioneering a healthy and sustainable dessert delivery service. We believe this is where the future of food is headed!
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Offering Summary
Company | : | Karma Baker, Inc. |
Corporate Address | : | 1145 Lindero Canyon Rd. , Westlake Village, CA 91362 |
Offering Minimum | : | $10,000.00 |
Offering Maximum | : | $1,000,000.00 |
Minimum Investment Amount(per investor) | : | $500.00 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 2,000 |
Maximum Number of Shares Offered | : | 200,000 |
Price per Share | : | $5.00 |
Pre-Money Valuation | : | $6,000,000.00 |
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Investor shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Investor’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Investor, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Investor pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Investor is an individual, will survive the death, incompetency and disability of the Investor and, so long as the Investor is an entity, will survive the merger or reorganization of the Investor or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Tier 1 - $500+ = $50 Karma Kard
Tier 2 - $1000+ = $100 Karma Kard + "Eat Good Karma" Sweatshirt
Tier 3 - $2500+ = $250 Karma Kard + "Eat Good Karma" Sweatshirt
Tier 4 - $10,000+ = 25% off entire site for 1 year + "Eat Good Karma" Sweatshirt
The 10% StartEngine Owners’ Bonus
Karma Baker, 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 Common Stock at $5.00 per share, you will receive and own 110 shares of Common Stock for $500. 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 investors' 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 only receive a single Bonus Shares bonus, which will be the highest bonus rate they are eligible for.
*All perks occur when the offering is completed.
Irregular Use of Proceeds
The Company will not incur any irregular use of proceeds.
Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$324,113.00
USD
$166,450.00
USD
Cash And Cash Equivalents
$220,500.00
USD
$32,878.00
USD
Accounts Receivable
$40,141.00
USD
$61,258.00
USD
Short Term Debt
$119,901.00
USD
$80,875.00
USD
Long Term Debt
$587,092.00
USD
$257,307.00
USD
Revenues And Sales
$1,293,998.00
USD
$900,886.00
USD
Costs Of Goods Sold
$896,138.00
USD
$729,468.00
USD
Taxes Paid
$0.00
USD
$800.00
USD
Net Income
-$192,319.00
USD
-$116,799.00
USD
Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Updates
Top Reasons to Invest in Karma Baker!
2 days ago
Hello, Karma Baker Community!
We're revolutionizing your favorite dessert by delivering tasty fresh 100% vegan and gluten-free treats, consciously and sustainably.
Our mission is to bring you what is not merely the best plant-based dessert you’ve tasted, but the best dessert we believe you've ever had.
By uniting our health- and ethically-conscious philosophy with our delectable culinary wizardry, we're hoping to set the dessert market on fire, and we’d love to have you along for the ride!
We want to highlight the top reasons to consider investing in Karma Baker on StartEngine and why you should join the Karma Baker family!
Spread the word to your friends, family and network and join our investor community today!
Warmly,
Arek Reeder
Celebrating $75K Investments!
3 days ago
Hello Karma Baker Community!
We have some exciting news to share with all of you. Karma Baker has reached $75K investments!
Our irresistible, fresh, and 100% vegan/gluten free treats are made for everyone to love!
Why Invest?
We have plans to open 3 more satellite bakeries in major U.S. cities.
The skyrocketing plant-based food market is expected to reach $162B within the decade.
Our online sales have organically increased an average of 160% each year since 2018.
Helping the planet by reducing the impact animal-based products have on our climate.
Nationwide shipping: Our vegan, gluten-free, and baked fresh-to-order desserts are shipped frozen to maintain freshness.
Let’s keep the momentum going! Invest in our rich and delish, 100% vegan, gluten-free treats on StartEngine today.
Warmly,
Arek Reeder
New Rates with FEDEX begin May 1 2022
20 days agoWith our campaign in the very early stages, we are excited to announce that we have already secured VERY LOW FEDEX 2-DAY SHIPPING rates! This has a been an in-house goal for sometime. We want to be able to lower our shipping costs every where possible.
Beginning May 1, we will utilize this quick ship 2-day method on all non-cake items. Before now, USPS was cheaper but, extended transit times by up to 4 days longer to the East Coast.
Getting the best treats to our customers as quickly and inexpensively as possible, is paramount to our growth and ultimate success.
Notice of Material Change in Offering
24 days ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Karma Baker offering. Here's an excerpt describing the specifics of the change:
Issuer is extending campaign end date and updating financial information.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Easter Numbers are in and record breaking.
about 1 month agoEaster has become our second Christmas! Yearly we've noticed our Nov to Dec holiday shipping and gifting season generate about 30% of our yearly revenue. And now March through April are rivaling this season. This year's online Easter revenues were up 51% over last year. We are up over 90% for the year so far.
The most sold item...? our all vegan cream easter eggs of course.
The investor video is now live
about 1 month agoThe LA film crew at Rally On Media produced 5 film pieces for us. The full length investment video is live on the campaign page now. We just love how professional and well done these videos are. Thank you RallyOn!
Take a look at the video to get to know the owners, Arek and Celine a little bit more.
Included in the video you’ll hear our company goals and see the behind the scenes at our current kitchen!
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