About Cherrypick
Cherrypick is a company based in London (United Kingdom) founded in 2020 by Tom Foster-Carter and Chris Parsons.. Cherrypick has raised $7.82 million across 3 funding rounds from investors including Speedinvest, Plug and Play Tech Center and Anterra Capital. The company has 14 employees as of July 31, 2024. Cherrypick operates in a competitive market with competitors including Innit, PlateJoy, TinyChef, ShopWell and Cooklist, among others.
- Headquarter London, United Kingdom
- Employees 14 as on 31 Jul, 2024
- Founders Tom Foster-Carter, Chris Parsons
- Stage Minicorn
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Sectors
ConsumerRetail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Total Food Control Ltd
- Date of Incorporation 06 Jul, 2020
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.82 M (USD)
in 3 rounds
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Latest Funding Round
$6.48 M (USD), Seed
Dec 06, 2021
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Investors
Speedinvest
& 8 more
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Employee Count
14
as on Jul 31, 2024
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Food Team
1 people
Leadership Team
1 people
Software Development Team
1 people
Head Team
1 people
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Funding Insights of Cherrypick
Cherrypick has successfully raised a total of $7.82M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $6.48 million completed in December 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Seed — $6.5M
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First Round
First Round
(24 Nov 2020)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2021 | Amount | Seed - Cherrypick | Valuation | Octopus Ventures | |
| Jun, 2021 | Amount | Seed - Cherrypick | Valuation | JamJar Investments , Speedinvest | |
| Nov, 2020 | Amount | Seed - Cherrypick | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cherrypick
Cherrypick has secured backing from 9 investors, including venture fund and angel investors. Prominent investors backing the company include Speedinvest, Plug and Play Tech Center and Anterra Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investment and support for founders in technology and health sectors.
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Founded Year | Domain | Location | |
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Early-stage venture capital and startup acceleration are provided.
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by this venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cherrypick
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cherrypick
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cherrypick Comparisons
Competitors of Cherrypick
Cherrypick operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Innit, PlateJoy, TinyChef, ShopWell and Cooklist, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Personalized meal recipes are provided via an AI-driven platform.
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| domain | founded_year | HQ Location |
Online platform offering personalized shoppable food recipes
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| domain | founded_year | HQ Location |
Platform offering recipes discovery and meal planning
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| domain | founded_year | HQ Location |
Grocery list building app based on nutritional content
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| domain | founded_year | HQ Location |
Cooklist is developed as a meal planning and grocery shopping app.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cherrypick
Frequently Asked Questions about Cherrypick
When was Cherrypick founded?
Cherrypick was founded in 2020.
Where is Cherrypick located?
Cherrypick is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Cherrypick?
Tom Foster-Carter is the current CEO of Cherrypick. They have also founded this company.
Is Cherrypick a funded company?
Cherrypick is a funded company, having raised a total of $7.82M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.33M, raised on Nov 24, 2020.
How many employees does Cherrypick have?
As of Jul 31, 2024, the latest employee count at Cherrypick is 14.
What does Cherrypick do?
Cherrypick was established in 2020 in London, United Kingdom, within the food technology sector. An online platform is maintained to support meal planning, grocery procurement, and recipe retrieval. Services include personalized recipe suggestions and real-time supermarket pricing, all accessible without subscription fees. Instant shopping options are integrated for user convenience across the platforms operations.
Who are the top competitors of Cherrypick?
Who are Cherrypick's investors?
Cherrypick has 9 investors. Key investors include Speedinvest, Plug and Play Tech Center, Anterra Capital, Octopus Ventures, and JamJar Investments.
What is Cherrypick's valuation?
The valuation of Cherrypick is $29.47M as of Dec 2021.
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