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Happy Tummy Asia isn't accepting new investments

Happy Tummy Asia’s deadline was February 7, 2022

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Happy Tummy Asia

Asian takeout meal delivery (serving the NYC area) that makes your tummy happy
Women Founders Reduce, Reuse, Recycle AAPI Founders B2C Local Nutrition Food
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$60,809
Raised
112
Investors
Successfully funded and closed on February 7, 2022.
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Why we started Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Happy Tummy Asia LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Crowd Revenue Note Happy Tummy Form C.pdf
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Hear from some of the 112 investors in Happy Tummy Asia


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Highlights


  • 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

Why we started


Allergies shouldn't prevent families from eating together

When Josh had a sudden allergic reaction to one of his favorite dishes and Monita’s dad was diagnosed with diabetes, they needed to drastically change their diets. We saw them lose the ability to enjoy our favorite Asian cultural connections around the family table.

So Monita set out to test hundreds of recipes that she could serve to the family on the same table without compromising taste.

As we tested out recipes, we saw that Monita's dad and Josh weren’t alone — so many people faced the same situation.

That’s why we founded Happy Tummy.

Solution


Asian takeout-style meal delivery that makes your tummy happy

Same great taste.

The amazing, un-compromised tastes of your favorite Asian dishes.

Made with only high quality ingredients.

We source organic ingredients where possible with all ingredients non-GMO.  We work hard to make sure there are no additives in any ingredients.  And we transparently source our ingredients by working with suppliers to verify there are no allergens (gluten, nuts, peanuts, and shellfish) at any point in the production process.

Tummy friendly recipes.

All of our recipes are 100% free from gluten, dairy, nuts, peanuts and shellfish.  And we have lots of options that are paleo, vegan, no added sugar, and low sodium friendly.

Product


Convenient ordering & delivery

#1 Order online from our everyday favorites and rotating specials.

#2 We’ll make the dish to order and flash chill it.

#3 Then we deliver it to you ready to heat in a reusable bag (just leave it out for pickup with your next order).

Good for you and the planet

We’ve planned and built to minimize our environmental impact. All our meals are made to order to cut down on food waste. We deliver each order in a reusable bag with reusable/recyclable ice packs.  And all of our dishes are packed in 100% compostable containers (including the lids!) — so ideally there is nothing for the trash bag.

Traction


Over 2500 dishes delivered and $40k in revenue since Dec 2020 soft launch

The response to our soft launch has been overwhelmingly positive.  At peak production capacity of 2 delivery days per week and a limited delivery radius, we were able to grow customer demand month on month. Our average customer retention through 2021 is 61%, signifying strong product market fit and customer loyalty. And we have hundreds of people on our waiting list for future deliveries.

Primary customer acquisition channels have been word of mouth, organic social media, & paid social media advertising. We used paid social advertising early on to benchmark customer acquisition costs and prove future growth potential. 

We’ve maintained these even at lower production levels during the transition to a new kitchen.  

Customers


61% Rebuy Rate

We’ve developed an incredibly supportive and loyal community of followers that truly believe in our mission, and their buying habits show this with a 61% average rebuy rate.  

These customers are typically health minded busy professionals and families, ages 25-65, with a higher household income, that crave great taste and a connection between their food and their wellbeing.

Business model


Tummy Friendly Asian Dishes Delivered Ready to Heat

Through our one facility, we can currently deliver to Manhattan, Brooklyn, and Queens.  And we’re working to expand to the surrounding areas once we open our new larger kitchen space.

With our hub and spoke model, we can reach new markets quickly by producing quality base ingredients in our central facility, and shipping these to each new kitchen location.  Centralized sourcing, ordering, marketing and customer service will allow each location to focus on production for daily orders.  This allows each kitchen to serve more meals with a smaller footprint and cost.

Market


$70B Market & 53M Potential Customers

We sit at the nexus of two key market segments: prepared meal delivery which is slated to grow to $51 billion by 2025 and the $19 billion allergen-free food market. As we expand into 10 new markets over the next 3 years, we will reach 40 million gluten-free consumers and 13 million allergen-free consumers.

These markets are largely untapped when it comes to Asian cuisine, and present a unique opportunity for expansion.

Competition


Same great taste, safe for people with allergies and diet restrictions

Consumers are tired of hoping that restaurants get their orders right or sacrificing that same great taste for something that makes the tummy happy.  

By crafting dishes with the same great taste people know and love while prioritizing transparent and high quality ingredients, recipes that are tummy friendly, and a solid understanding of health concerns, we have crafted a unique value proposition.  Customers are overwhelmingly relieved when they find us.  This has helped us to build a solid, loyal community.

Vision and strategy


We are here for our tummies, our taste buds, and our planet

Tummies

Freshly made dishes with high quality transparently sourced ingredients that are free from gluten, nuts, peanuts, and other allergens and additives

Taste buds

Crafting that same great taste that everyone has come to love

Planet

No waste with prepared to order meals and environmentally friendly, reusable/recyclable packaging

Where we go from here

We believe in fresh food that's local. We see a demand that will allow us to scale to 15,000 annual direct to consumer orders per location.

We aim to open 8-10 locations within 3 years, while increasing menu options to also include sauces and other frozen products. And we'll work to establish partnerships with grocery stores to offer options for grab and go.

Funding


You can help us reach more people in need

We're now raising up to $275,000 to fund expansion. We've maxed out our current kitchen capacity at ~$6K monthly revenue across two weekly delivery days.  Our new facility will increase production capacity to 6 days a week with a potential monthly revenue of $120K, while expanding our delivery radius. We have personally invested $50,000 to date.

Your investment will go directly to:

  • New kitchen space and equipment

  • Dedicated delivery trucks to increase delivery radius

  • Customized order platform for easier ordering

  • Expanded marketing to scale growth faster

Once we've expanded to other communities, we expect to be acquired by a larger food organization to bring healthy Asian options nationwide. 

Founders


We’ve lived this, we need this, & that’s why we’re doing this

Monita has years of experience bringing new products to market, and testing and building out new recipes.  Josh has years of startup experience with a successful exit. Together, we bring the passion and know-how to make this solution a reality.

Deal terms


Security Instrument
Crowd Revenue Note

Please see our FAQs for more details

Investment Multiple
1.5x

 This is the multiple of your original investment that the Issuer has agreed to pay back prior to maturity. The Issuer pays a portion of their gross revenues every quarter until the Investment Multiple is achieved.

Early Payment Provision
variable

 This is the Investment Multiple the Issuer has agreed to pay back if the Total Payment is prepaid within 36 or 24 months. If paid in 36 months, 1.4x; if paid in 24 months, 1.35x



Monthly Revenue Sharing Percentage
5%

This is the percentage of gross revenue that is dedicated to paying back investors. Payments will be made to investors quarterly until the total Investment Multiple is reached.

Maturity
54 months

 This is the deadline by which the issuer is obligated to make payment in full to investors.


How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Happy Tummy Asia LLC. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Crowd Revenue Note Happy Tummy Form C.pdf

Bonus perks

In addition to your Crowd SDA, you'll receive perks for investing in Happy Tummy Asia.
31 investors
Invest
$150
Receive
  • 10% off your next order
  • Recognition as an early supporter on our website (with your consent)
  • Limited (269 left of 300)
16 investors
Invest
$250
Receive
  • 20% off your next order
  • Recognition as an early supporter on our website (with your consent)
  • Limited (234 left of 250)
6 investors
Invest
$500
Receive
  • 30% off your next order
  • Recognition as an early supporter on our website (with your consent)
  • Limited (144 left of 150)
17 investors
Invest
$1,000
Receive
  • $100 gift card
  • Invite to Happy Tummy Tastemakers — an exclusive group that samples upcoming dishes to offer feedback and influence before they are on the menu (plus occasional surprises!)
  • Recognition as an early supporter on our website (with your consent)
  • Limited (83 left of 100)
1 investor
Invest
$2,500
Receive
  • $250 gift card
  • Invite to Happy Tummy Tastemakers — an exclusive group that samples upcoming dishes to offer feedback and influence before they are on the menu (plus occasional surprises!)
  • Recognition as an early supporter on our website (with your consent)
  • Limited (49 left of 50)
1 investor
Invest
$5,000
Receive
  • All of the above
  • Private Dinner for 4 in the Happy Tummy kitchen
  • Limited (14 left of 15)
1 investor
Invest
$10,000
Receive
  • All of the above
  • Additional $250 gift card
  • Quarterly Investor Updates
  • Limited (4 left of 5)

About Happy Tummy Asia

Legal Name
Happy Tummy Asia LLC
Founded
Nov 2018
Form
Delaware LLC
Employees
0
Website
happytummy.asia
Social Media
Headquarters
Google Map location of of Happy Tummy Asia
108 West 13th Street , Wilmington, DE
Headquarters
108 West 13th Street, Wilmington, DE, United States 19801

Happy Tummy Asia Team
Everyone helping build Happy Tummy Asia, not limited to employees

Profile picture of Monita Sun
Monita Sun
Co-Founder & CEO
Profile picture of Joshua Russo
Joshua Russo
Co-Founder & COO
Profile picture of Pedro Sostre
Pedro Sostre
Marketing and Business Growth Advisor
Profile picture of Junnie Lai
Junnie Lai
Food Production Advisor
2 more team members
Monita Sun
Co-Founder & CEO
Joshua Russo
Co-Founder & COO
Pedro Sostre
Marketing and Business Growth Advisor
Junnie Lai
Food Production Advisor
Logo of Happy Tummy Asia

Happy Tummy Asia

Happy Tummy Asia successfully raised $60,809 from 112 investors on February 7, 2022
Profile picture of Pedro Sostre
Profile picture of Takashi Sengoku
Profile picture of Jimmy Hsieh
Profile picture of Seshagirirao Cherukuri
Profile picture of Novemar Thompson
Pedro, Takashi, Jimmy, Seshagirirao, Novemar, and 107 others invested. 19 Reviews
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