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Status: Active

Aug 19th 2020 - Sep 18th 2020

Njori is a company that has created an accurate, multi-functional cooker that can be stored on a bookshelf alongside cookbooks. The cooker uses integrated sensors and accessories to monitor and regulate the cooking process. It's built-in scales helps a user measure ingredients before and during the cooking process. The scale function also enables the user to reduce food by a set weight or percentage. The company aims to be a disruptor in the global portable induction cooker market that is set to be worth £4.5 billion by 2022. Njori has filed UK patents & is building its supply chain in China. It will use the investment to finish development and bring the final product to market.

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Njori Rating Review

Rated on 27/08/2020

Pitch Rated

77%

overall

Management

74%

Product

76%

Investment

82%

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  • 49% and under
    We suggest potential investors carry out further study of their own
    50-64%
    Room for improvement
    65-79%
    Worth considering
    80%+
    Gold rating, our highest rating
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Management 74%

Skills 73%
Njori has a relatively small management team. One of the Co-Founder/COO is an experienced multi-disciplinary designer and cooking enthusiast. He is skilled in concept development, product design, packaging, industrial design, 3D visualisation, concept generation, and 3D production. The other Co-Founder/CTO of the company is an award-winning industrial designer. He got an award for Rigid Plastic Pack by UK Packaging Design. He is an expert in product design, rapid prototyping, creative concept development, visual communication, product development, and 3D modelling. It is interesting to note that the company has not yet appointed a full-time CFO and CMO in the team.

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Pitch Rated

76%

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pledged: 100% days to go: 21 investment: £500,000

  • £236,797
    pledged
  • 236%
    of goal

    £100,000
    target

    £1,299,383
    pre-money valuation

    7.14%
    equity available

    519
    investors

    £456
    pledge per investor

    11082643
    company number

    Active
    company status

    27/11/2017
    incorporated 3 years

    £10.92
    share price

    Equity Calculator
    Investment
    £
    Equity
    %
    Previous Funding rounds
    19 Aug 20 Crowdcube £236,797 / 237% 77.33%
  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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