NEWSORZO
No Result
View All Result
Sunday, January 24, 2021
  • Home
  • Business
  • Tech
  • Startups
  • News
Subscribe
NEWSORZO
  • Home
  • Business
  • Tech
  • Startups
  • News
No Result
View All Result
NEWSORZO
No Result
View All Result
Home News

New funding round values catering marketplace Hungry at $100M+

by news
March 8, 2020
in News
0
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Hungry, a catering marketplace that connects businesses with independent chefs, announced this week that it has raised $20 million in Series B funding. Hungry tells me that the funding valued the company at more than $100 million (pre-money).

The investors were also pretty impressive: The round was led by Evolution VC Partners and former Whole Foods co-CEO Walter Robb, who’s joining the startup’s board. Kevin Hart, Jay-Z, Los Angeles Rams running back Todd Gurley, former Obama aide Reggie Love and Seattle Seahawks linebacker Bobby Wagner also participated.

CEO Jeff Grass said that he and his co-founders Eman Pahlavani (COO) and Shy Pahlavani (president) got the idea for the company while working at their previous startup LiveSafe.

“LiveSafe was in a food desert, where the best options were Subway and Ruby Tuesday,” Grass said. “We wanted more authentic food and we started thinking about, ‘Is there a better way that taps into local chefs?’”

That eventually led to Hungry, which has built up a network of independent chefs in Washington, D.C., Philadelphia, Boston, New York and Atlanta, providing catering to companies including Amazon, E-Trade, Microsoft and BCG. The chefs are all screened by Hungry, they cook out of “ghost kitchens” (commercial kitchens that aren’t attached to a restaurant) and then the food is delivered by the Hungry team.

“The food is produced at a much lower cost structure than at a restaurant with a retail location,” Grass said. “And yet you’re not sacrificing on quality. These are top chefs cooking their best dishes — you get higher than restaurant-quality food, but produced at a much lower cost.”

He added that this lower cost also allows the startup to be generous. Specifically, for every two meals sold, Hungry is supposed to donate one meal to end hunger in the U.S., and it has donated nearly 500,000 meals already.

As for the funding, Grass and his team will use it to expand into new markets — he hopes to be in 23 cities by the end of 2021.

Square acquires corporate catering startup Zesty

  • Trending
  • Comments
  • Latest

Amazon Seller Certifications Highlight Women and Veteran Owned Small Businesses

February 26, 2020
The Changing Role Of Airports IELTS Reading Answers

The Changing Role Of Airports IELTS Reading Answers

October 4, 2020
Techstars launches a digital space tech accelerator with USAF, the Netherlands and Norway

Teeoh’s avatar social platform aims to beat the odds

January 4, 2020
Best Hand Lettering Quotes For Inspiration

Best Hand Lettering Quotes For Inspiration

October 18, 2020
2020 is NOT a Blip: Marketing Predictions are Anyone’s Guess

2020 is NOT a Blip: Marketing Predictions are Anyone’s Guess

0
Red Dead Redemption PC is finally fixed, Rockstar promises

Red Dead Redemption PC is finally fixed, Rockstar promises

0
Techstars launches a digital space tech accelerator with USAF, the Netherlands and Norway

Techstars launches a digital space tech accelerator with USAF, the Netherlands and Norway

0
Techstars launches a digital space tech accelerator with USAF, the Netherlands and Norway

Crimson Tiring Redemption 2 PC gets a repair for stuttering – but it no doubt could perchance per chance also approach at a heed

0
2020 is NOT a Blip: Marketing Predictions are Anyone’s Guess

2020 is NOT a Blip: Marketing Predictions are Anyone’s Guess

January 23, 2021
How to Generate More Website Traffic with Social Media

How to Generate More Website Traffic with Social Media

January 23, 2021
Why You Should Create a Holiday Calendar For 2021

Why You Should Create a Holiday Calendar For 2021

January 22, 2021
6 Ways to Accelerate New Employee Onboarding and Increase Retention

6 Ways to Accelerate New Employee Onboarding and Increase Retention

January 22, 2021

Recent News

2020 is NOT a Blip: Marketing Predictions are Anyone’s Guess

2020 is NOT a Blip: Marketing Predictions are Anyone’s Guess

January 23, 2021
How to Generate More Website Traffic with Social Media

How to Generate More Website Traffic with Social Media

January 23, 2021

Categories

  • Business
  • News
  • Startups
  • Tech

Site Navigation

  • Privacy Policy
  • Disclaimer
  • Contact Us
  • Advertise
NEWSORZO

NEWSORZO is online business journal that focuses on providing news related to the business world, startups, economic developments and more.

© 2020 NEWSORZO - Online business journal that focuses on providing news related to the business world, startups, economic developments and more.

No Result
View All Result
  • Home
  • Business
  • Tech
  • News
  • Startups

© 2020 NEWSORZO - Online business journal that focuses on providing news related to the business world, startups, economic developments and more.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In