Tracey Lien/LA Times
In this day and age where people are more health conscious but have less time to prepare home cooked meals, startup companies like Munchery are cashing in – to the tune of $85 million. In the latest funding round, chief executive and co-founder Tri Tran said that money will be used to expand operations and further lower the cost of its meals to make it accessible to everyone.
Tri Tran, co-founder and chief executive officer at Munchery Inc., says they raised $85 million in funding. (Photo: David Paul Morris/Bloomberg via Getty Images)
Munchery currently cooks and delivers pre-ordered dinners to people in the Bay Area, Los Angeles, Seattle and New York. Soon they will start offering meals on weekends and lunches as well.
Munchery launched over 3 years ago and the cost of the meals have gone from $25 to $10-$12. With a larger number of customers, they have a greater ingredient purchasing power, making the price point cheaper for consumers. They hope to lower it further to $7 to $8 in future.
http://www.latimes.com/business/technology/la-fi-tn-munchery-funding-20150526-story.html
