Munchery Shuts Down

After raising $125M, Munchery fails to food delivery startup Munchery is ceasing operations effective immediately, the startup announced in an e-mail to customers on Monday. At the time, the company said it planned to double down on its biggest market, San Francisco, which would help it “achieve profitability on the near term, and build a long-term, sustainable business.” On top of the 2018 layoffs, Munchery for years struggled to navigate the challenging plains of on-demand food delivery. To stay afloat, the startup shape-shifted quite a bit from originally launching as a ready-to-eat meal delivery service to delivering meal-kits to creating an $8.95 a month subscription plan for repeat customers and finally, opening up a shop inside a San Francisco BART station in a bid to win over the commuter crowd. Munchery is just the latest in a line of food delivery startups to shutter.

Source: techcrunch.com