The Company is the first platform for independent chefs and artisanal food crafters. Is Uber for chefs, hundreds of private chefs cooking under a same kitchen delivering the highest quality food at the front door with the best delivery service. Eaters can order on demand and get the food delivered as fast as 30 minutes, or subscribe to one of our weekly meal plans. The Company is like having your own private chef but with the convenience of at home delivery and hundreds of meals to choose from.
The Company was incubated in #2 incubator in the USA AngelPad. Founding team previously the largest food delivery in Argentina. The company is seeking $5 million to expand in the East Coast (50M potential customers) and grow the user subscription base in New York ($450 Lifetime value).
- Reputable investors: The Company has been invested by some world-class, reputable investors from different parts of the world. Please reach out to us for details of the other existing investors.
- Traction: $300,000 MRR, subscription service 4X year over year with 10 times less funding than competitors.
- Roadmap to breakeven: current Gross Margin 35%, Monthly burn rate 70k, estimated breakeven Q1 2019
- Funding will be used to expand to the US East Coast and acquire new customers where LTV = $450 and CPA = $140.
About Management Team
CEO: Founder of largest food delivery group in Argentina with 23 locations. Forbes 35 under 35. Vistage CEO of the year 2013.
CTO: Founder of 2 companies and one of the first engineers at OLX.com
Chairman: founder of hoteles.com, healthcare.com, autoweb.com
About Our Product
Imagine being able to eat every day the recipes you love made by real private chefs and incredible ingredients that fit your diet delivered to your home? More and more people care about the ingredients, the cooking methods, the footprint and the story of the food they consume. They want more artisanal and less industrial food. With more than 80 active chefs (200 in waiting list), The Company is the only food platform that combines a wide variety, high quality, healthy food and convenience. We recreate the experience of having your own personal chef who can customize the best recipes for you, with the convenience of at-home delivery and starting at $12. Customers can talk with the chefs via the app, schedule a nutritionist session free of charge and customize their weekly meal plans according to their tastes, diet and restrictions. Chefs have their own app where they build their online business without the need of expensive CAPEX and they manage their schedules, sales, portfolio and reviews from the app.
Eating at home in NY is a 70 billion dollar market. We are now expanding to Boston, Philadelphia and DC. We are going after the weekday meal. The Sunday to Thursday, lunch and dinner, healthy and convenient meal that many Americans struggle today to find good options. The Company is also a purpose-driven company. Food is the #1 cause of diseases in the US. We are here to change the way people eat.
Current round raising $5M and valuation would have been $20-25MM pre-money, depending upon timing and deal configuration.
-Year 2019: $7M
-Year 2020: $18M
-Year 2021: $40M
Amount raised: $4.5M
Last valuation: $12M
First and only food marketplace connecting chefs and foodies. Most similar competitors:
Available for discussion with registered investors.
Disclosure: Investing in startups carries a high degree of risk. In general, financial and operating risks confronting both early and developmental-stage companies, as well as more mature expansion-stage companies are significant. Many emerging growth companies go out of businesses every year. It is difficult to know how companies will grow, if at all, or what changes may occur in the market. A loss of an investors entire investment is possible and no profit may be realized. Investors are responsible for conducting their own due diligence.
* It should not be assumed that recommendations made in the future will be profitable or will equal the performance of securities in this list