Close

Jump to:

  • Navigation
  • Content
  • Footer
Honestly Good Smoothie Company hero image

Honestly Good Smoothie Company

Follow

A subscription box service to enrich your diet with 100% organic fruits, vegetables, and superfoods.

217%
 - 
Funded 27 May 2020
£50,000 target
£119,420 from 284 investors
More
Less

Business overview

Location London, United Kingdom
Social media
Website honestly-good.co
Sectors Food & Beverage Digital B2C
Company number 10027821
Incorporation date 26 Feb 2016
More
Less

Investment summary

Type Equity
Valuation (pre-money) £1.8M
Equity offered 5.68%
Tax relief

EIS

More
Less

Business highlights

  • More than 25 recipes and over 30,000 smoothie kits sold
  • All packaging is re-usable, recyclable and/or compostable
  • +430% growth since Seed (July 2019)
  • Home delivery is now the fastest growing Organic food segment
More
Less

Key features

  • Secondary Market
  • Seedrs nominee min. £10.68 +
  • Pay by Bank payments not accepted
  • Idea
  • Team
  • Updates
  • Investors 284
  • Discussion
  • Documents

Idea

Introduction

The Honestly Good Smoothie Company. is on a mission to inspire the world to live a healthier lifestyle and promote #HonestlyGoodLiving
We deliver 100% organic pre-portioned smoothie ingredients directly to your door via flexible subscription.
From humble beginnings in Vikesh’s home kitchen in Bedfordshire in 2018, we’ve started to build a movement championing an honest and transparent food system. From using chunky-chopped all organic produce to behind-the-scenes footage in our kitchen, we’re completely open about everything we do, because we believe everyone deserves honestly healthy food. That’s #HonestlyGoodLiving.
Each recipe is developed by a chef and approved by an independent nutritionist. We serve a seasonal weekly menu consisting of the best organic, hand prepared fruit, veg, nuts, herbs, seeds, and superfoods.

The ingredients are delivered in ready-to-blend kits in recyclable, compostable and re-usable packaging.

Intended impact

When our founder Vikesh first started looking for a way to increase his fibre intake, he was disappointed to find many ready-to-drink smoothies were full of pasteurised apple juice, with very little fibre and powdered vitamins added back in. After losing faith in big brands he turned to his Mum, Neeta, who came to the rescue with home remedies of blending vegetable smoothies.

Recognising blender sales were booming, and having identified a rapidly growing number of consumers that were looking for increased transparency and the opportunity to personalise their nutrition through home made smoothies, The Honestly Good Smoothie Company was born with a mission-in-mind; to prove there needn't be a trade-off between ethically sustainable business and profit (with Mum’s help of course).

Our focus has always been to build a customer-centric brand that is transparent, sustainable and ever-changing to better meet the needs of our growing community. Being 100% organic is a big part of this vision.

Substantial accomplishments to date

2017

- Vikesh quit his job and the Honestly Good journey begins
- Vikesh’s neighbours are inundated with free smoothies (for feedback!)
- Blake develops the initial range and we launch a one page landing site

2018
- Launched MVP with 15 recipes and flexible subscription options
- Alicia & Milesh join the team :)
- Appear at the Southend Triathlon and Featured in Forbes & Pebble Magazine


2019
- Raised £230k from angel investors and crowdfunding campaign
- Honestly Good HQ is moved from home kitchen to our state-of-the-art, all organic kitchen facility in London
- We’re bombarded with customers returning their packaging
- Prototype for re-usable packaging (phase 1) is ready!
- Increased our range to 25 recipes
- Chopped, peeled and froze over 4 tonnes of produce!
- Referral and loyalty scheme begins


2020
- Introduced new packaging and launched our recycling scheme
- Introduced the ability to customise your box
- Launched 6 new recipes and developed our plant-based protein ranges
- 83% of orders have been from repeat customers
- 290% growth in active subscribers
- Over 30,000 smoothie kits sold to date

Monetisation strategy

We generate revenue from customers subscribing to receive our organic smoothie kits weekly, fortnightly, or monthly.

5m UK households already have a blender and the biggest trend driving change in the food and beverage industry is transparency.

We believe that customers are better informed about healthy eating and want more variety in their diet, which means now is the time to spread the Honestly Good word.
Having focused on building an awesome product and sustainable offering on the back of customer feedback, we believe we are ready to reach new audiences.
Whilst growing our fanbase for home-delivered smoothies is the main focus for 2020, we’re also launching complimentary products including plant-based mylks and snacks, and have begun offering a plug-and-play service for offices too!

Use of proceeds

The Honestly Good Smoothie Company have built a loyal fan base around a product and ethos their customers LOVE. Their mission-led, rockstar team have built scalable technology and operations, tested customer acquisition channels and are now ready to grow.
Your investment will help us:

- Deliver our tried and tested digital marketing strategy and continue to grow our subscribers
- Introduce our re-usable packaging (June 2020)
- Offer more data-driven personalised plans
- Introduce another 20 recipes (ready for production)

Our marketing efforts will be predominantly digital in 2020, though we’ll continue with a content-led approach and leverage partnerships with like-minded brands too, with a plan to diversify our marketing mix throughout 2021 as we explore different formats (offline).

We hope you’ll join us on our mission!

Open an account to get access to the team members of Honestly Good Smoothie Company

Sign up

Already have an account? Log in

To comply with financial regulations, we can only show full campaign details to registered users.

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Share on:

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Seedrs does not make investment recommendations to you. No communications from Seedrs, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Seedrs does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Seedrs, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from £1,804,556

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

Pitch type

There are 5 types of investment pitch available on Seedrs.

  • Equity
  • Convertible
  • Fund
  • Cohort
  • Secondary

Investing in a regular equity campaign is the simplest and most common way to invest in a startup. You decide which business you want to invest in, and if the campaign hits its funding target then you will become one of their shareholders. As the company becomes more valuable, so do your shares; allowing you the opportunity to share in the future success of the business.

Learn more about pitch type on Seedrs

Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Seedrs campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

Learn more about investing and pre-emption rights.

Seedrs nominee

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Seedrs nominee.

Find out more

Custodian

If you invest in this Campaign, Seedrs will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Seedrs will not benefit from any rights under a shareholder agreement. As a result, Seedrs will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

Learn more about Custodian here

Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

Find out more

Direct investment

This is an option to invest and hold shares 'directly' in the company (rather than via the Seedrs Nominee). This option is only available to those investing over the threshold amount, which is determined by the fundraising company.

If you choose to hold your shares directly, you will be responsible for any contractual or administrative arrangements with the company you are investing in.

Find out more

Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Seedrs. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.

Warning

You are following a link outside of www.seedrs.com.

None of the information in constitutes part of the campaign and it has not been approved or reviewed by Seedrs.

ContinueCancel