Blue Apron announced today it will bring its meal kits to stores. The news arrives at a time when the meal kit subscription company is struggling to grow and retain its users, who are often put off by the expense of the direct-shipped meal kits and the need to commit to an ongoing subscription. In […]
View More Blue Apron will start selling its meal kits in storesCategory: Blue Apron
Blue Apron stock suffers as Weight Watchers gets into meal kits
Life has not been pretty for Blue Apron, the meal-kit company that went public last June. Today, Blue Apron’s shares dropped to a record low following Weight Watchers announcing it would launch its own meal kits to be sold in grocery stores. Read More
These startup exits delivered the biggest bang for the buck
Big IPOs by the best-known brands tend to dominate attention in startup circles. But when it comes to delivering significant returns on invested capital, it’s often lower-profile companies that come out on top. We look at some of the top-returning large exits, first for tech and Internet companies, and then for life sciences. Read More
US & Canada VCs favor late-stage giants over upstarts in Q4
Startup investors in the U.S. and Canada have been putting a little less money to work across a lot fewer deals in recent months. After three quarters of rising investment at early through growth stage, VCs have cut back in the fourth quarter of …
View More US & Canada VCs favor late-stage giants over upstarts in Q4Blue Apron loses its CEO
Blue Apron founder Matt Salzberg is stepping aside as the company’s CEO, the company announced Thursday. CFO Brad Dickerson has been promoted to take his place. It’s been a volatile past few months for the cooking kit company, which went public in June. Shares closed Thursday at just $2.99. Blue Apron had gone public at $10 per share, after originally hoping to go public between… Read More
There are almost as many baby food delivery startups as regular food delivery startups
In 2017, you might think, what is there left to disrupt?
There’s baby food.
A crop of new startups are trying to bring meal kit delivery, subscription services, and a tech approach to the mashed-up foods parents have fed their children fo…
What it’s like cooking with meal kit startup Chef’d
I’ve tried both Blue Apron and HelloFresh before, but I don’t like being locked into some subscription, so I decided to go with Chef’d this time around. Chef’d, which raised $35.2 million in August from strategic investors like pork producer Smithfield Foods and online grocer Fresh Direct, is different in that you don’t need to subscribe to anything, ever. There… Read More
Blue Apron’s future could be in question after stock plummets yet again
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Things just keep getting worse for Blue Apron.
After reporting yet another disappointing set of earnings last week, the company is now saying that a move from one New Jersey fulfillment center to another is incurring “unexpected costs.”
That was the last straw for many investors, who sent the company’s stock careening to new lows on Tuesday.
Here’s the Blue Apron’s stock chart since going public at the end of June.
Image: google finance
Blue Apron chief financial officer Brad Dickerson told investors that the company is still training workers, and it could be months before the new facility is fully operational. Read more…
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View More Blue Apron’s future could be in question after stock plummets yet againBlue Apron shares trade down 9% after disappointing earnings
Blue Apron just can’t catch a break. The New York-based cooking kit business released its third-quarter earnings before the bell on Thursday. The results were mixed. The company handily beat revenue expectations, but its losses were also worse than expected. Revenue was $210.6 million, a 3% increase from the same period last year. Analysts surveyed by Yahoo Finance had been… Read More
Blue Apron competitor HelloFresh prices IPO, raising up to $369 million
HelloFresh, the Berlin-based cooking kit delivery company, priced its IPO at the middle of its expected range at €10.25, or roughly $11.91. This means that the company could raise up to €318 million in the offering, or $369 million. The timing of the IPO may come as a surprise to some, given that competitor Blue Apron recently had a lackluster public debut. Read More