Data / Crowdfunding / New Jersey / Nepal Tea Collective Public Benefit Corporation
Nepal Tea Collective Public Benefit Corporation: crowdfunding raise on Wefunder Portal LLC, $50,000 to $425,000 (2024)
Nepal Tea Collective Public Benefit Corporation, a company in Hoboken, NJ, filed a Form C with the SEC on January 9, 2024 to raise $50,000 to $425,000 in Simple Agreement for Future Equity (SAFE) through Wefunder Portal LLC. The offering closed on April 29, 2024. In its most recent fiscal year it reported $801,803 in revenue and a net loss of $194,657, with 4 employees.
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- Website
- nepalteacollective.com
- Funding portal
- Wefunder Portal LLC
- Address
- 321 Newark Street O31, Hoboken, NJ 07030
- Legal form
- Other
- Jurisdiction
- DE
- Incorporated
- January 1, 2022
- SEC CIK
- 0001940534
Offering terms
From the amendment filed January 9, 2024.
- Security
- Simple Agreement for Future Equity (SAFE)
- Price
- $1.00
- Target
- $50,000
- Maximum
- $425,000
- Deadline
- April 29, 2024
- Portal compensation
- 7.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.
Financials
From the Form C-AR filed March 14, 2025.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $801,803 | $612,662 | sec.gov |
| Cost of goods sold | $453,481 | $347,614 | sec.gov |
| Net income | $-194,657 | $-136,833 | sec.gov |
| Taxes paid | $13,488 | $12,320 | sec.gov |
| Total assets | $880,567 | $497,075 | sec.gov |
| Cash | $164,010 | $161,799 | sec.gov |
| Accounts receivable | $292,536 | $206,512 | sec.gov |
| Short-term debt | $469,749 | $211,106 | sec.gov |
| Long-term debt | $89,500 | $90,762 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| March 14, 2025 | Annual report | Not listed | Not listed | sec.gov | ||
| January 9, 2024 | Amendment | $50,000 | $425,000 | April 29, 2024 | Lowering max target | sec.gov |
| April 25, 2023 | Amendment | $50,000 | $600,000 | April 29, 2024 | Adding 2022 financials and extending the campaign. | sec.gov |
| August 10, 2022 | Offering | $50,000 | $600,000 | April 30, 2023 | sec.gov |
Updated March 14, 2025. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.