OCHO Limited

By Jim O'Malley

PledgeMe.Investment

Food,



NZ $498,000 pledged


603 people pledged


Closed


NZ $300,000 minimum target


Min

NZ$300,000

Max

NZ$500,000

100 100% Complete

Pledges will only be confirmed if the target is reached by: 19/11/2021 at 1:28 PM (NZDT)

Make a Pledge

About

OCHO Limited

WHO ARE WE?

ESTABLISHMENT AND RELOCATION

OCHO is a chocolate manufacturing company in Dunedin which was formed in response to the closure of the Cadbury factory here in 2019. We are a bean to bar chocolate manufacturer. All of our cacao is sourced from farmers in the Pacific. We make sure that the money we pay for our beans makes the local economies as strong as we can make them. At home we were the first accredited Living Wage Aotearoa company in Dunedin and are committed to making OCHO a business that is good for our community, the environment and our customers. Our chocolate is true to the essence of craft chocolate being bean to bar and with just two ingredients, beans and sugar.

OUR PEOPLE

 

 

 

 

 

 

 

 

Jim O'Malley: Chair of the Board, Managing Director

 Jim has been the Chair of the Board since OCHO was formed in 2017.

 

 

 

 

 

 

Jason Lindsey: Board Member

Jason came to the board of OCHO with significant experience in large companies and start ups.

 

 

 

 

 

 

Scott Muir: Board Member

Scott has a long career in the music industry and the arts sector at both the operational and the governance level. He brings to the OCHO board governance and small business strategic direction skills.

OCHO has a board that has wide experience in small business startup as well as large corporations. They bring a wide range of business experience to OCHO and are committed to the social and environmental goals of OCHO. The production team at OCHO has been making chocolate since 2014 from before the establishment of the current company, when the old OCHO was a small local producer. The team has taken their experience of artisanal chocolate making and applied it to factory scale craft chocolate manufacturing resulting in the production volumes which are capable of supporting a national footprint without sacrificing the quality associated with small volume craft chocolate manufacturing.

 

The Production Team

WHAT WE HAVE ACHIEVED TO DATE

ESTABLISHMENT AND RELOCATION

After setting up in Vogel Street we moved into our new fit for purpose factory in January of 2019 and went into full production in the middle of that year.

PRODUCTION CAPACITY IMPROVEMENT

We are capable of producing 850kg of bulk chocolate every week and can temper 350kg of finished bars a week. Approximately 100kg of the bulk chocolate capacity is used in the manufacture of drinking chocolate and cocoa butter. This leaves an unused capacity of 400kg a week.

NEW PRODUCTS & PRODUCT EXTENSION

  • Refocusing our in-house tours for the New Zealand visitors
  • Award - winning limited release Hot Cross Buns
  • Drinking chocolate

PEOPLE

We have a highly skilled, diverse and committed group of individuals who share a sense of ownership in OHCO’s success.

WHAT'S NEXT?

PRODUCTION

The investment in new packaging and additional packing equipment will achieve improved efficiencies in the manufacturing process by replacing highly repetitive and labour intensive tasks with automation. This will reduce labour contributions to the cost of goods and also improve the workplace environment for the production team. In fact, both our accountants and our production team are very excited about getting this new equipment!

The increase in tempering equipment will increase production capacity for finished chocolate from 300kg/wk to 600 kg/wk. It is part of a strategic investment plan where chocolate tempering capacity is brought into alignment with the existing bulk chocolate manufacturing maximum capacity of 1 tonne/wk in stepwise investments that match near term market growth goals. It is anticipated that this increased production capacity should be sufficient to support $1.6 million sales revenue which we believe, if achieved, to be sufficient to fund further equipment purchases thereafter.

RISKS

SUPPLY CHAIN: RAW MATERIAL SUPPLY

OCHO imports its beans from the South Pacific. Two potential risks exist for bean supply. These are destruction of crops due to extreme weather events, such as hurricanes, and disruption of the supply chain and shipping issues.

Mitigation

  • By sourcing throughout the Pacific, we can respond to production losses by sourcing from other regions while the affected area recovers
  • We will be bulk-buying beans and retaining six months’ supply on hand

WORKFORCE CAPABILITY: LOSS OF KEY STAFF OR TEAM CULTURE

As a craft manufacturer we rely heavily upon the capacity and capability of our staff.

Mitigation

  • We have a training programme in place to ensure more than one person can perform every key activity
  • Every task is described in our staff training and procedure manuals
  • We remunerate our employees above industry standards and pay attention to the work life balance of our employees.

QUALITY ASSURANCE: FOOD, HEALTH AND SAFETY

As a food manufacturer, food safety is always front of mind.

Mitigation

  • Established food safety, food allergen and product recall plans in place and tested regularly.
  • Milk allergens are dealt with using separate production equipment.
  • By its nature, chocolate is a simple food product which does not support the type of microbial life that is associated with food spoilage

FINANCIAL STABILITY

Ensuring financial liquidity is a prerequisite for any ongoing business, along with sound Board Governance and associated planning.

Mitigation

  • Capital raise by PledgeMe to support liquidity, strategic market development and cost reduction
  • Maintaining positive relationship with our shareholders and banking partner
  • Having in place sound Board oversight and internal controls

EXTERNAL MARKET IMPACTS

As company previously reliant upon a narrow sales base the impact of Covid 19 was significant.

Mitigation

  • Diversification of our sales channels within our strategy
  • New product developments
  • Strengthening our sales force in key metro areas

A Note from PledgeMe

We have completed Equifax checks on OCHO Limited, and their Directors, as well as Google and Insolvency checks. There were no adverse findings.

Updates

Hey! Thanks for checking out this project.

We haven't made any updates yet, follow us if you want to be notified when we do.

Details

Offer Details

Current Valuation 2,285,700
Raise Minimum 300,000
Raise Maximum 500,000
Share Price 100.00
Minimum Pledge 200.00
Maximum Shares Offered 5,000
Explanation of valuation:

The valuation of the shares has been set to match the original share price, from the crowdfunding raise in 2017, and the price at which the shares are currently traded among shareholders.

Financial Summary

Prev Year Current Year Est. FY 2023 Est. FY 2024
Revenue NZ $537,260 NZ $626,546 NZ $783,179 NZ $1,018,144
Operating Expenses NZ $285,413 NZ $288,312 NZ $273,437 NZ $273,437
EBITDA -NZ $17,233 -NZ $52,936 NZ $32,698 NZ $131,250
Net Profit -NZ $192,735 -NZ $244,332 -NZ $152,282 -NZ $39,702

Company Details

Company Name: Ocho Limited

Company Number: 6435392

Company Documents

Documents no longer available to download, as this campaign has closed

Director Details

Name Role Profile URL Invested?
James O'Malley Director https://www.dunedin.govt.nz/council/mayor-and-councillors/cr-jim-omalley
Scott Muir Director http://
Jason Lindsey Director https://nz.linkedin.com/in/jason-lindsey-36756650

Questions 9

Ask a Question (You must login to ask a question)


Hi team, do you expect us to receive a return on investment in the future (not immediately). I’m already a shareholder and thinking of buying more. Cheers

Posted on 26-10-2021 by Angela Davies

Thanks for your question. If you have a look at the liqudity monitor on page 23 you can see that we are modelling to begin to see strong returns in the FY2024/25. So we are planning that you will begin to see returns a little over three years from now. Obviously alot depends on how the economy is but we feel we have been conservative in our modelling

Answered on 27-10-2021 by Jim O'Malley


Same question as Angela Davies =
Hi team, do you expect us to receive a return on investment in the future (not immediately). I’m already a shareholder and thinking of buying more.

Posted on 27-10-2021 by Susan Marie Adie

Hi Susan. See my resonse to Angela. Thanks

Answered on 27-10-2021 by Jim O'Malley


Question on financials (from an original PledgeMe investor). Bank overdraft went from nil in 20’ to more than $100k in 21’. Could you clarify what has driven that and what it’s been for? Could be related, but there is basically zero cash or equivalents on hand - why’s that? What will happen to these in the case that the minimum raise isn’t met? Thanks, William

Posted on 28-10-2021 by William Townsend

Hi William. On Page 19 are the financials up to the current year. As you will see the EBIDTA has been negative during this period (but improving year on year) this has resulted in us having to use the overdraft facility. We finished out the 20/21 financial year to get a clearer understanding of where we stood before launching this campaign. The modelling looking forward is on page 23. As you can see we are modelling a small loss again this year but after that we are modelling positive earning and returns approaching 10% by 24/25. So we will need a small amount of working capital (see pgs 10 & 11). Yes a failure to achieve the campaign minimum would require us to secure that working capital from somewhere else. But as I write this we are only $80k away from reaching that target and almost 200 people are registered to join the campaign when it goes public on Nov 1st. The average pledge so far has been $1000. So it seems unlikely we would not reach the minimum.

Answered on 30-10-2021 by Jim O'Malley


Please confirm that shares purchased now have the same rights benefits etc etc as ones i already own. So a projected return in 2025 on shares purchased today equally applies to my existing shares.
Thanks Colin

Posted on 28-10-2021 by Colin White

Hi Colin. Yes the new shares being offered are identcal to the existing shares in value and rights

Answered on 30-10-2021 by Jim O'Malley


Related to Angela’s question on when we can expect a return on our investment - you mention “liquidity monitor” so it’s only when we sell our shares, or have I interpreted that incorrectly? Thank you.

Posted on 29-10-2021 by Raewynne (Rj) Murfitt

Hi Rj. No the liquidity monitor is the money available to the company. It is essentially the company's bank balance. So it will determine how much is available to be allocated for reinvestment or dividends. So, if we see the growth we have modelled we a hoping that by FY 2024/25 to be in a position to talk to you, the owners, on how you would want the profits used between reinvestment into growth and payment of dividends. It doesn't require you selling your shares.

Answered on 30-10-2021 by Jim O'Malley


What is the difference between making a pledge and buying shares? I would prefer to buy share's in your company. Please clarify for me.

Posted on 30-10-2021 by Norm Cross

Hi Norm, thanks for your support.
A pledge is a promise to buy.
When the campaign goal is reached and the campaign closes, your pledge (promise to buy shares) converts to a purchase. If we don’t hit $300,000 minimum, no shares can be bought

Answered on 31-10-2021 by Jim O'Malley


Woo hoo OCHO, half way there! Congratulations. This has been better than watching Netflix.

Posted on 31-10-2021 by Frances Collins

Thanks Frances. A story with a cast of thousands!

Answered on 01-11-2021 by Jim O'Malley


Hi, well done on reaching minimum. In the future any plans to list on the NZX?

Posted on 01-11-2021 by Geoffrey Reed

Hi Geoffrey. We don't plan to join the NZX. Largely because we would be exposed to hostile takeover in the same way that Cadbury was. After this campaign closes we are going to launch a share exchange portal on our webpage so that people who want to buy or sell shares in the future can contact each other.

Answered on 02-11-2021 by Jim O'Malley


When do we receive the discount code? Waiting to order some chocolates to give as Christmas gifts :)

Posted on 19-11-2021 by Marc Cu

Thanks Marc. We are pocessing the new shareholders right now. We will have everone loaded up to the compnaies office in a little over a week and then will be sending out the new discount code.
Great to have you on board!

Answered on 22-11-2021 by Jim O'Malley

Pledgers 603

Stephen Zanetti
2021-11-05 21:31:55 +1300
Natasha
2021-11-05 21:23:20 +1300
Thomas Dose
2021-11-05 21:10:47 +1300
Tristan Will
2021-11-05 20:21:21 +1300
Hamish Dalziel
2021-11-05 20:12:06 +1300
Nathan Moffat
2021-11-05 20:08:38 +1300
Susan Lane
2021-11-05 19:01:55 +1300
Sam Ramlu
2021-11-05 17:47:11 +1300
Kinjal
2021-11-05 17:22:17 +1300
Sally Rowe
2021-11-05 17:08:05 +1300
Craig Shaw
2021-11-05 17:05:10 +1300
Tushar
2021-11-05 16:44:57 +1300
Rhodena
2021-11-05 15:52:12 +1300
Geoffrey Reed
2021-11-05 15:44:54 +1300
Adriaan bosch
2021-11-05 15:44:30 +1300
Hayden Corbett
2021-11-05 15:36:56 +1300
Natalie
2021-11-05 15:23:00 +1300
Partha Jupudi
2021-11-05 14:58:32 +1300
Geoff McLay
2021-11-05 14:48:18 +1300
Toby Poole
2021-11-05 14:04:20 +1300
Hannah Cuckow
2021-11-05 13:24:03 +1300
Amanda
2021-11-05 13:14:27 +1300
Simon
2021-11-05 12:50:58 +1300
Nicholas Walshe
2021-11-05 12:44:54 +1300
Felix Lee
2021-11-05 12:09:52 +1300
Gretchen
2021-11-05 12:07:09 +1300

"I love good quality chocolate, I'm passionate about supporting local businesses and I believe we should support our Pacific neighbours however we can. A perfect match all around for investment!"

Aurélien Mansuy
2021-11-05 11:59:15 +1300
Ross Mischewski
2021-11-05 11:55:28 +1300

"Thanks, hope you do well"

r hall
2021-11-05 11:54:31 +1300
Kennett Ellis
2021-11-05 11:54:31 +1300

OCHO Limited

WHO ARE WE?

ESTABLISHMENT AND RELOCATION

OCHO is a chocolate manufacturing company in Dunedin which was formed in response to the closure of the Cadbury factory here in 2019. We are a bean to bar chocolate manufacturer. All of our cacao is sourced from farmers in the Pacific. We make sure that the money we pay for our beans makes the local economies as strong as we can make them. At home we were the first accredited Living Wage Aotearoa company in Dunedin and are committed to making OCHO a business that is good for our community, the environment and our customers. Our chocolate is true to the essence of craft chocolate being bean to bar and with just two ingredients, beans and sugar.

OUR PEOPLE

 

 

 

 

 

 

 

 

Jim O'Malley: Chair of the Board, Managing Director

 Jim has been the Chair of the Board since OCHO was formed in 2017.

 

 

 

 

 

 

Jason Lindsey: Board Member

Jason came to the board of OCHO with significant experience in large companies and start ups.

 

 

 

 

 

 

Scott Muir: Board Member

Scott has a long career in the music industry and the arts sector at both the operational and the governance level. He brings to the OCHO board governance and small business strategic direction skills.

OCHO has a board that has wide experience in small business startup as well as large corporations. They bring a wide range of business experience to OCHO and are committed to the social and environmental goals of OCHO. The production team at OCHO has been making chocolate since 2014 from before the establishment of the current company, when the old OCHO was a small local producer. The team has taken their experience of artisanal chocolate making and applied it to factory scale craft chocolate manufacturing resulting in the production volumes which are capable of supporting a national footprint without sacrificing the quality associated with small volume craft chocolate manufacturing.

 

The Production Team

WHAT WE HAVE ACHIEVED TO DATE

ESTABLISHMENT AND RELOCATION

After setting up in Vogel Street we moved into our new fit for purpose factory in January of 2019 and went into full production in the middle of that year.

PRODUCTION CAPACITY IMPROVEMENT

We are capable of producing 850kg of bulk chocolate every week and can temper 350kg of finished bars a week. Approximately 100kg of the bulk chocolate capacity is used in the manufacture of drinking chocolate and cocoa butter. This leaves an unused capacity of 400kg a week.

NEW PRODUCTS & PRODUCT EXTENSION

  • Refocusing our in-house tours for the New Zealand visitors
  • Award - winning limited release Hot Cross Buns
  • Drinking chocolate

PEOPLE

We have a highly skilled, diverse and committed group of individuals who share a sense of ownership in OHCO’s success.

WHAT'S NEXT?

PRODUCTION

The investment in new packaging and additional packing equipment will achieve improved efficiencies in the manufacturing process by replacing highly repetitive and labour intensive tasks with automation. This will reduce labour contributions to the cost of goods and also improve the workplace environment for the production team. In fact, both our accountants and our production team are very excited about getting this new equipment!

The increase in tempering equipment will increase production capacity for finished chocolate from 300kg/wk to 600 kg/wk. It is part of a strategic investment plan where chocolate tempering capacity is brought into alignment with the existing bulk chocolate manufacturing maximum capacity of 1 tonne/wk in stepwise investments that match near term market growth goals. It is anticipated that this increased production capacity should be sufficient to support $1.6 million sales revenue which we believe, if achieved, to be sufficient to fund further equipment purchases thereafter.

RISKS

SUPPLY CHAIN: RAW MATERIAL SUPPLY

OCHO imports its beans from the South Pacific. Two potential risks exist for bean supply. These are destruction of crops due to extreme weather events, such as hurricanes, and disruption of the supply chain and shipping issues.

Mitigation

  • By sourcing throughout the Pacific, we can respond to production losses by sourcing from other regions while the affected area recovers
  • We will be bulk-buying beans and retaining six months’ supply on hand

WORKFORCE CAPABILITY: LOSS OF KEY STAFF OR TEAM CULTURE

As a craft manufacturer we rely heavily upon the capacity and capability of our staff.

Mitigation

  • We have a training programme in place to ensure more than one person can perform every key activity
  • Every task is described in our staff training and procedure manuals
  • We remunerate our employees above industry standards and pay attention to the work life balance of our employees.

QUALITY ASSURANCE: FOOD, HEALTH AND SAFETY

As a food manufacturer, food safety is always front of mind.

Mitigation

  • Established food safety, food allergen and product recall plans in place and tested regularly.
  • Milk allergens are dealt with using separate production equipment.
  • By its nature, chocolate is a simple food product which does not support the type of microbial life that is associated with food spoilage

FINANCIAL STABILITY

Ensuring financial liquidity is a prerequisite for any ongoing business, along with sound Board Governance and associated planning.

Mitigation

  • Capital raise by PledgeMe to support liquidity, strategic market development and cost reduction
  • Maintaining positive relationship with our shareholders and banking partner
  • Having in place sound Board oversight and internal controls

EXTERNAL MARKET IMPACTS

As company previously reliant upon a narrow sales base the impact of Covid 19 was significant.

Mitigation

  • Diversification of our sales channels within our strategy
  • New product developments
  • Strengthening our sales force in key metro areas

A Note from PledgeMe

We have completed Equifax checks on OCHO Limited, and their Directors, as well as Google and Insolvency checks. There were no adverse findings.

Hey! Thanks for checking out this project.

We haven't made any updates yet, follow us if you want to be notified when we do.

Offer Details

Current Valuation 2,285,700
Raise Minimum 300,000
Raise Maximum 500,000
Share Price 100.00
Minimum Pledge 200.00
Maximum Shares Offered 5,000
Explanation of valuation:

The valuation of the shares has been set to match the original share price, from the crowdfunding raise in 2017, and the price at which the shares are currently traded among shareholders.

Financial Summary

Prev Year Current Year Est. FY 2023 Est. FY 2024
Revenue NZ $537,260 NZ $626,546 NZ $783,179 NZ $1,018,144
Operating Expenses NZ $285,413 NZ $288,312 NZ $273,437 NZ $273,437
EBITDA -NZ $17,233 -NZ $52,936 NZ $32,698 NZ $131,250
Net Profit -NZ $192,735 -NZ $244,332 -NZ $152,282 -NZ $39,702

Company Details

Company Name: Ocho Limited

Company Number: 6435392

Company Documents

Documents no longer available to download, as this campaign has closed

Director Details

Name Role Profile URL Invested?
James O'Malley Director https://www.dunedin.govt.nz/council/mayor-and-councillors/cr-jim-omalley
Scott Muir Director http://
Jason Lindsey Director https://nz.linkedin.com/in/jason-lindsey-36756650

Ask a Question (You must login to ask a question)


Hi team, do you expect us to receive a return on investment in the future (not immediately). I’m already a shareholder and thinking of buying more. Cheers

Posted on 26-10-2021 by Angela Davies

Thanks for your question. If you have a look at the liqudity monitor on page 23 you can see that we are modelling to begin to see strong returns in the FY2024/25. So we are planning that you will begin to see returns a little over three years from now. Obviously alot depends on how the economy is but we feel we have been conservative in our modelling

Answered on 27-10-2021 by Jim O'Malley


Same question as Angela Davies =
Hi team, do you expect us to receive a return on investment in the future (not immediately). I’m already a shareholder and thinking of buying more.

Posted on 27-10-2021 by Susan Marie Adie

Hi Susan. See my resonse to Angela. Thanks

Answered on 27-10-2021 by Jim O'Malley


Question on financials (from an original PledgeMe investor). Bank overdraft went from nil in 20’ to more than $100k in 21’. Could you clarify what has driven that and what it’s been for? Could be related, but there is basically zero cash or equivalents on hand - why’s that? What will happen to these in the case that the minimum raise isn’t met? Thanks, William

Posted on 28-10-2021 by William Townsend

Hi William. On Page 19 are the financials up to the current year. As you will see the EBIDTA has been negative during this period (but improving year on year) this has resulted in us having to use the overdraft facility. We finished out the 20/21 financial year to get a clearer understanding of where we stood before launching this campaign. The modelling looking forward is on page 23. As you can see we are modelling a small loss again this year but after that we are modelling positive earning and returns approaching 10% by 24/25. So we will need a small amount of working capital (see pgs 10 & 11). Yes a failure to achieve the campaign minimum would require us to secure that working capital from somewhere else. But as I write this we are only $80k away from reaching that target and almost 200 people are registered to join the campaign when it goes public on Nov 1st. The average pledge so far has been $1000. So it seems unlikely we would not reach the minimum.

Answered on 30-10-2021 by Jim O'Malley


Please confirm that shares purchased now have the same rights benefits etc etc as ones i already own. So a projected return in 2025 on shares purchased today equally applies to my existing shares.
Thanks Colin

Posted on 28-10-2021 by Colin White

Hi Colin. Yes the new shares being offered are identcal to the existing shares in value and rights

Answered on 30-10-2021 by Jim O'Malley


Related to Angela’s question on when we can expect a return on our investment - you mention “liquidity monitor” so it’s only when we sell our shares, or have I interpreted that incorrectly? Thank you.

Posted on 29-10-2021 by Raewynne (Rj) Murfitt

Hi Rj. No the liquidity monitor is the money available to the company. It is essentially the company's bank balance. So it will determine how much is available to be allocated for reinvestment or dividends. So, if we see the growth we have modelled we a hoping that by FY 2024/25 to be in a position to talk to you, the owners, on how you would want the profits used between reinvestment into growth and payment of dividends. It doesn't require you selling your shares.

Answered on 30-10-2021 by Jim O'Malley


What is the difference between making a pledge and buying shares? I would prefer to buy share's in your company. Please clarify for me.

Posted on 30-10-2021 by Norm Cross

Hi Norm, thanks for your support.
A pledge is a promise to buy.
When the campaign goal is reached and the campaign closes, your pledge (promise to buy shares) converts to a purchase. If we don’t hit $300,000 minimum, no shares can be bought

Answered on 31-10-2021 by Jim O'Malley


Woo hoo OCHO, half way there! Congratulations. This has been better than watching Netflix.

Posted on 31-10-2021 by Frances Collins

Thanks Frances. A story with a cast of thousands!

Answered on 01-11-2021 by Jim O'Malley


Hi, well done on reaching minimum. In the future any plans to list on the NZX?

Posted on 01-11-2021 by Geoffrey Reed

Hi Geoffrey. We don't plan to join the NZX. Largely because we would be exposed to hostile takeover in the same way that Cadbury was. After this campaign closes we are going to launch a share exchange portal on our webpage so that people who want to buy or sell shares in the future can contact each other.

Answered on 02-11-2021 by Jim O'Malley


When do we receive the discount code? Waiting to order some chocolates to give as Christmas gifts :)

Posted on 19-11-2021 by Marc Cu

Thanks Marc. We are pocessing the new shareholders right now. We will have everone loaded up to the compnaies office in a little over a week and then will be sending out the new discount code.
Great to have you on board!

Answered on 22-11-2021 by Jim O'Malley

Stephen Zanetti
2021-11-05 21:31:55 +1300
Natasha
2021-11-05 21:23:20 +1300
Thomas Dose
2021-11-05 21:10:47 +1300
Tristan Will
2021-11-05 20:21:21 +1300
Hamish Dalziel
2021-11-05 20:12:06 +1300
Nathan Moffat
2021-11-05 20:08:38 +1300
Susan Lane
2021-11-05 19:01:55 +1300
Sam Ramlu
2021-11-05 17:47:11 +1300
Kinjal
2021-11-05 17:22:17 +1300
Sally Rowe
2021-11-05 17:08:05 +1300
Craig Shaw
2021-11-05 17:05:10 +1300
Tushar
2021-11-05 16:44:57 +1300
Rhodena
2021-11-05 15:52:12 +1300
Geoffrey Reed
2021-11-05 15:44:54 +1300
Adriaan bosch
2021-11-05 15:44:30 +1300
Hayden Corbett
2021-11-05 15:36:56 +1300
Natalie
2021-11-05 15:23:00 +1300
Partha Jupudi
2021-11-05 14:58:32 +1300
Geoff McLay
2021-11-05 14:48:18 +1300
Toby Poole
2021-11-05 14:04:20 +1300
Hannah Cuckow
2021-11-05 13:24:03 +1300
Amanda
2021-11-05 13:14:27 +1300
Simon
2021-11-05 12:50:58 +1300
Nicholas Walshe
2021-11-05 12:44:54 +1300
Felix Lee
2021-11-05 12:09:52 +1300
Gretchen
2021-11-05 12:07:09 +1300

"I love good quality chocolate, I'm passionate about supporting local businesses and I believe we should support our Pacific neighbours however we can. A perfect match all around for investment!"

Aurélien Mansuy
2021-11-05 11:59:15 +1300
Ross Mischewski
2021-11-05 11:55:28 +1300

"Thanks, hope you do well"

r hall
2021-11-05 11:54:31 +1300
Kennett Ellis
2021-11-05 11:54:31 +1300
This campaign was successful and got its funding on 09/11/2021 at 2:53 PM.

This campaign has closed, but this company may choose to do more equity raises on PledgeMe in the future. If you're interested in investing in OCHO Limited, you can sign up to be notified when a new equity campaign from this company is published.

Notify Me

Investor Perks

OCHO Investor

NZ $200.00+

20% discount on items bought online or at the company store for all shareholders. Shareholders will receive regular updates from OCHO and will be able to attend its annual meeting.

Warning statement about equity crowdfunding

Equity crowdfunding is risky.

Issuers using this facility include new or rapidly growing ventures. Investment in these types of business is very speculative and carries high risks.

You may lose your entire investment, and must be in a position to bear this risk without undue hardship.

New Zealand law normally requires people who offer financial products to give information to investors before they invest. This requires those offering financial products to have disclosed information that is important for investors to make an informed decision.

The usual rules do not apply to offers by issuers using this facility. As a result, you may not be given all the information usually required. You will also have fewer other legal protections for this investment.

Ask questions, read all information given carefully, and seek independent financial advice before committing yourself.