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Zest isn't accepting new investments

Zest’s deadline was June 9, 2023

Follow the company to stay updated on their progress, including future investment opportunities


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Zest

The most fun and easy way to learn how to cook
B2C Subscription Edtech Software Apps
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$94,590
Raised
197
Investors
Successfully funded and closed on June 9, 2023.
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Co-investors
Techstars
Leading seed accelerator
Techstars is a global platform for investment and innovation. We connect entrepreneurs, investors, and corporations. Techstars has invested in more than 2,200 companies and today has a market cap of $27 billion.
Techstars also invested in:
Companies
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Closed on June 9, 2023. Information may not be up-to-date. Campaign closed on June 9, 2023. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Impact Funding Founders Summary
About Team

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Culi, Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Zest Crowd SAFE Zest Form C.pdf
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Hear from some of the 197 people reserved or invested in Zest


Show more

Highlights


Notable angel backing
Company is backed by a notable angel investor
Venture-backed
Company is backed by a venture capital firm
  • 📈 1000% growth in the past 6 months with $0 spent on marketing
  • 🔥 Brand videos have accumulated over 25 million views across platforms
  • 🤓 Founders' team from Northwestern, Harvard, and Le Cordon Bleu in Paris
  • 🖥️ Techstars Chicago Summer 22’ Cohort Graduates

Problem


Young people are wasting money and feeling bad

...and they don't know how to fix it.

Despite the fact that cooking at home offers substantial financial, physical, and mental benefits, only 1/3 of Gen-Z cooks from scratch. Even though over 90% of young people say that they would like to become a better cook, and access to cooking content has never been easier, the same group is ordering DoorDash in record-setting numbers.

Existing content is at an all-time high but is scattered across platforms, formats, and over-indexes on teaching recipes — instead of offering the knowledge and confidence to cook habitually. The alternatives aren’t succeeding at giving young people the tool of cooking.

Solution


A personalized culinary mentor and best friend

Zest believes that everyone should have the ability to cook food for the people that they love, including themselves. So we created a platform that actually creates a habit out of cooking, instead of leaving users scrambling from one meal to the next. 

We provide comprehensive education across the entire cooking journey, educating users from the grocery store all the way through cleanup. By emphasizing support and encouragement during the most challenging moments for home cooks, we’re able to push them through the same barriers that held them back in the past.

Product


A cooking teacher,
shopping assistant, and recipe database

powered by a proprietary knowledge graph.

In Zest, the recipes home cooks see, the knowledge they're served, and the techniques they learn will always be an optimal mix of "not too hard" and "not too easy." We do this by placing cooks directly into a "zone of proximal development" based on their current skill level and kitchen capabilities. As the user improves, the recipes, techniques, and ingredients grow with them, keeping them in our Goldilocks Zone.

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Traction


1000% growth in the last 6 months + a huge social media following


With our freemium business model, MRR has grown to $7.3k today and grew 1,000% since mid-summer 2022 with $0 spent on marketing. 

Through our organic social media strategy and founder-forward brand approach, Zest has earned a loyal following of fans and supporters over 170,000 strong.

Since we released the very first iteration of our product in January of 2021, we've capitalized off of our large audience and grown steadily and cost-effectively, doubling Paul Graham's benchmark of 5-7% WoW growth for early-stage start ups. 


Customers


Users across the
globe are loving Zest



Enough with our toxic relationship with food


Gen Z has a rocky relationship with food. Our team knows it because we have lived it first hand. Feeding ourselves takes time away from our schedules, takes money from our wallets, and adds stress to our lives. Most solutions attempt to minimize the time, lower the price, and maximize efficiency. But in doing so they’ve completely eliminated the connective, healing, and human elements of food. 

Through the power of knowledge and confidence, Zest is going return to our generation the agency that they deserve when it comes to food.

Business model


Freemium SaaS model

Zest offers two pricing tiers: a free get-to-know your kitchen plan and a $10/month home cook plan. 

Our strategy is to deliver tremendous value to home cooks through our free plan, and make it a no-brainer for any home cook to be on Zest. As cooks grow, some of them gain more dynamic curiosity and upgrade to unlock the content in our home cook plan.

As a mobile application, >95% of revenue generated is gross profit.

Market


Home cooking is about to experience a digital boom


$7B Serviceable Available Market


While food and beverage has one of the lowest e-commerce penetration rates, it is by far one of the largest consumer markets. To date, only 5% of the food & beverage market has experienced digital disruption.

By contrast, books have 70% digital penetration, apparel has 40%, and furniture has 30%. The overall market size for food & beverage online will grow massively over the next 10 years and Zest will be at the forefront (HelloFresh 2021 annual report).

Competition


More fun, better support, more personalization

There isn’t a single digital culinary resource that provides the same end-to-end support that Zest offers. Our experience is designed to cultivate a habit, and our proprietary skill-tree AI curates recipes and skills that align with each user’s skill level, always keeping them in the “Goldilocks Zone” for learning. 

Vision and strategy


The next evolution
of cooking at home

In the next 5 years, Zest will become the dominant way that people cook. 


Funding


Backed by Techstars

We have bootstrapped effectively to date limiting outside capital to notable investors such as Techstars."I saw this team work and can say with confidence that they are the group to get this done. People love this product and the market opportunity is huge. I can't wait to see it blow up."
—Neal Sáles-Griffin, Managing Director, Techstars Chicago

Founders


Meet the core team


Jake Gutstein
Co-Founder & CEO

A three-time founder, Jake exited his last company — eo — a dockless bikeshare, in 2020. Jake also worked at Shore Capital Partners and Deloitte Consulting.


Amrit Saini
Co-Founder & CTO

Amrit holds a decade of engineering experience, having worked on LexisNexis’ core search team, Abercrombie’s core web team, and Express’ in-store returns app.


Savannah Cooper
Co-Founder & Head of Design

Sav has an unparalleled ability to distill swaths of information into intuitive designs. She is a James B. Angell Scholar in UX/Design from University of Michigan.


Graham Kirstein
Co-Founder & Content Director

Graham managed omnichannel media for Simon Sinek’s online education startup and is an accomplished comedian & performer.


Julie Ottusch
Head of Culinary

Julie attained degrees from Harvard University and Le Cordon Bleu, Paris. She was a Chef de Partie at Alinea and additionally has a background in NGO education.

Deal terms


Valuation cap
$10M
The maximum valuation at which your investment converts into equity shares or cash.
Learn more.
Minimum investment
$100
The smallest investment amount that Zest is accepting.
Learn more
Maximum investment
$250K
The largest investment amount that Zest is accepting.
Learn more
Funding range
$25K / $1.24M
100% of $25K minimum offering amount has been reached.

Zest needs to raise $25K before the deadline. The maximum amount Zest is willing to raise is $1.24M.
Learn more
Security type
Crowd SAFE
A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event.
Learn more
Deadline
June 9, 2023
Zest needs to reach their minimum funding goal before the deadline (). If they don’t, all investments will be refunded.
Learn more
Nominee Lead
Chief Executive Officer of the Company (currently Jacob Gutstein)
Logo of Zest
Zest
The most fun and easy way to learn how to cook
Promo period Valuation cap
Dec 23 — Mar 22 $8M
Mar 22 — Jun 9 $10M
Close
How it works

Documents

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

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Zest.
Invest
$250
Receive
  • 10% discount to Zest for life
  • Invite to annual investor call
  • Spotlighted on in-app investor list
  • All perks listed above
50 investors
Invest
$500
Receive
  • Lifetime membership to Zest
  • All perks listed above
  • Sold out (0 left of 50)
10 investors
Invest
$1,000
Receive
  • Invite to quarterly product call (observer)
  • Access to early app releases
  • Access to internal testing
  • Lifetime membership to Zest
  • Sold out (0 left of 10)
5 investors
Invest
$2,500
Receive
  • Invite to quarterly product call (participating board member)
  • Private lesson hosted by Julie, who trained and worked at Alinea in Chicago
  • Lifetime membership to Zest
  • Sold out (0 left of 5)
1 investor
Invest
$5,000
Receive
  • Customized Dinner Party Playbook
  • All Perks Listed Above
  • Limited (4 left of 5)
Invest
$10,000
Receive
  • Private Chef Dinner (2-4 people)
  • Access to Zest builds in progress
  • Limited (5 left of 5)
Invest
$15,000
Receive
  • Private Chef Dinner (2 people)
  • Kitchen starter pack
  • Limited (5 left of 5)
Invest
$25,000
Receive
  • Private Chef Dinner (2-4 people)
  • High-end kitchen starter pack and knife sharpening service
  • Limited (5 left of 5)
Invest
$50,000
Receive
  • 50K Private Chef Dinner (2-8 people)
  • Annual subscription to Imperfect Foods
  • High-end kitchen starter pack and knife sharpening service
  • Limited (5 left of 5)
Invest
$75,000
Receive
  • Private Chef Dinner (2-10 people)
  • Annual subscription to ButcherBox (custom selections)
  • High-end kitchen starter pack and knife sharpening service
  • Limited (5 left of 5)
Invest
$100,000
Receive
  • Private weekend lodging in Jackson hole with dinner provided by Zest Head of Culinary (flight included, US only)
  • Limited (5 left of 5)

About Zest

Legal Name
Culi, Inc.
Founded
Jun 2021
Form
Delaware Corporation
Employees
5
Website
zestapp.co
Social Media
Headquarters
Google Map location of of Zest
203 West 90th Street Unit 911 , New York, NY
Headquarters
203 West 90th Street, Unit 911, New York, NY, United States 10024

Zest Team
Everyone helping build Zest, not limited to employees

Profile picture of Jake Gutstein
Jake Gutstein
CEO
Profile picture of Amrit Saini
Amrit Saini
CTO
Profile picture of Savannah Cooper
Savannah Cooper
Head of Design
Profile picture of Graham Kirstein
Graham Kirstein
Content Director
3 more team members
Jake Gutstein
CEO
Amrit Saini
CTO
Savannah Cooper
Head of Design
Graham Kirstein
Content Director
Logo of Zest

Zest

Zest successfully raised $94,590 from 197 investors on June 9, 2023
Profile picture of Tera Perry
Profile picture of Gregory Lumpkin
Profile picture of Denny Portillo
Profile picture of regis marechal
Profile picture of Joseph Owens
Tera, Gregory, Denny, regis, Joseph, and 192 others invested. 28 Reviews
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