GET A PIECE OF BLENDID
Leading the Robotic Food Automation Revolution
$518,764.67 Raised
REASONS TO INVEST
We've raised over $26 Million and sold over 100k smoothies in retail stores, universities, and travel centers, as well as hospital and Walmart locations with co-branded Jamba locations in California and Georgia.
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.
*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
Blendid creates compact, autonomous, contactless robotic food kiosks available in retail stores, universities, travel centers, and. a hospital throughout the US. Blendid builds compact, autonomous, robotic food automation solutions. Our AI-enabled platform prepares food fresh-on-demand and customized to unique tastes and nutrition preferences. Already market-tested, Blendid kiosks are available in retail stores, universities, travel centers, and hospitals across the country. Learn more about this revolutionary product that optimizes the consumer experience and maximizes operator efficiency!
TEAM
Vipin Jain
Co-Founder & CEO
Venki Ayalur
Co-Founder & CTO
Vijay Dodd
Co-Founder & VP, Engineering
Kristen Rasmussen
Executive Chef & Nutritionist
James D White
Advisor
Maisie Ganzler
Advisor
Eric Benhamou
Board Member
Michelle Gloeckler
Advisor
Cody Rose
Advisor
Gary Bradski
Advisor
Veronica Wu
Board Member
TERMS
Blendid
Overview
PRICE PER SHARE
$2.22
DEADLINE
Apr 20, 2023
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
ASSET TYPE
Preferred Stock
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
We will not incur any irregular use of proceeds.
ALL UPDATES
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
JOIN THE DISCUSSION
0/2500
Sheldon Douglas
5 months ago
Will you guys be extending your funding deadline I'm interested in the investment
1
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Richard Koch
5 months 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?
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Richard Koch
5 months 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
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Michael Pham
5 months 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!
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Michael Adams
5 months 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??
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RITESH BALMIKI PANDA
5 months 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?
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DANIEL CARAWAN
5 months ago
Hi, does this business quality under the IRS QSBS?
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Renee Brown
5 months ago
Do any of your locations offer organic options? If there are no organic options, why, and do you have any plans to offer organic? Having a fresh smoothie with fruits, vegetables etc is better than fast food options or already bottled options. My issue is that so very many conventional fruits, vegetables etc are very heavily sprayed with toxic chemicals that myself and many others don't want or need in their food. The next problem would be GMO foods that are just as bad for you if not in some ways worse. I believe that if people are given the option of organic, assuming the price is right, they will choose it. I truly hope that, if you don't already, you will offer organic in the very near future. The answer to this question will help me decide if I am willing to invest.
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Sheldon Douglas
5 months ago
Are you invested in blendid I'm thinking about investing any feedback on them
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Samuel Salazar
20 days ago
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