About Goodfood
Goodfood is a company based in Quebec City (Canada) founded in 2014.. The company has 570 employees as of August 31, 2024. Goodfood has completed 1 acquisition, including Genuine Tea. Goodfood offers products and services including Meal Kits, Ready-to-Eat Meals, and Grocery Products. Goodfood operates in a competitive market with competitors including Chef's Plate, Fresh Prep, Vegano Foods, Relish and Roots and Plenty-Full, among others.
- Headquarter Quebec City, Canada
- Employees 570 as on 31 Aug, 2024
- Stage Public
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Goodfood Market Corp.
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Annual Revenue
$106.23 M (USD)-9.33as on Aug 31, 2024
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Net Profit
$-2.38 M (USD)79.15as on Aug 31, 2024
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EBITDA
$5.65 M (USD)1769.4as on Aug 31, 2024
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Latest Funding Round
$9.45 M (USD), Post-IPO
Feb 06, 2023
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Investors
Desjardins
& 6 more
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Employee Count
570
as on Aug 31, 2024
- Investments & Acquisitions
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IPO & Listings of Goodfood
Goodfood is a publicly listed company on the TSX with ticker symbol FOOD in Canada, operating in the Retail trade sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Goodfood
Goodfood offers a comprehensive portfolio of products and services, including Meal Kits, Ready-to-Eat Meals, and Grocery Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Delivers ingredients and recipes for easy home-cooked meals.
Offers pre-prepared meals for quick and healthy consumption.
Provides additional farm-fresh items for flexible meal options.
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Funding Insights of Goodfood
- Total Funding Total Funding
- Total Rounds 6
- Last Round Post-IPO — $9.5M
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First Round
First Round
(04 Apr 2016)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2023 | Amount | Post-IPO - Goodfood | Valuation |
investors |
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| Feb, 2020 | Amount | Post-IPO - Goodfood | Valuation |
investors |
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| Aug, 2019 | Amount | Debt – Conventional - Goodfood | Valuation |
investors |
| 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 Goodfood
Goodfood has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Desjardins, Stifel and Cormark Securities. 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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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Business guidance for corporate companies and startups
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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 Goodfood
Goodfood has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Genuine Tea. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Ethically sourced organic teas and accessories are provided to consumers.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Goodfood
| 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 |
Goodfood Comparisons
Competitors of Goodfood
Goodfood 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 Chef's Plate, Fresh Prep, Vegano Foods, Relish and Roots and Plenty-Full, 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 |
Pre-portioned ingredients and recipes are delivered for home cooking.
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| domain | founded_year | HQ Location |
Online platform to buy recipe box with pre-prepped ingredients
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| domain | founded_year | HQ Location |
Plant-based meal kits are delivered via an online platform.
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| domain | founded_year | HQ Location |
Ready-to-go meal kits with vegetable-forward recipes are delivered weekly.
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| domain | founded_year | HQ Location |
An online platform specializing in convenient meal kit delivery for customers.
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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 Goodfood
Frequently Asked Questions about Goodfood
When was Goodfood founded?
Goodfood was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Where is Goodfood located?
Goodfood is headquartered in Quebec City, Canada. It is registered at Quebec City, Quebec, Canada.
How many employees does Goodfood have?
As of Aug 31, 2024, the latest employee count at Goodfood is 570.
What is the annual revenue of Goodfood?
Annual revenue of Goodfood is $106.23M as on Aug 31, 2024.
What does Goodfood do?
An online platform for ordering recipe boxes was established by Goodfood in 2014, based in Quebec City, Canada. Pre-portioned farm-fresh ingredients and detailed recipe instructions are delivered weekly, covering options like classic, vegetarian, and family baskets. Menus feature diverse meals such as espresso-rubbed steak and dukkah-spiced haddock, with preparation times under 30 minutes. Operations focus on the meal kit sector and are accessible through makegoodfood.ca.
Who are the top competitors of Goodfood?
Goodfood's top competitors include Fresh Prep, Chef's Plate and Vegano Foods.
What products or services does Goodfood offer?
Goodfood offers Meal Kits, Ready-to-Eat Meals, and Grocery Products.
Is Goodfood publicly traded?
Yes, Goodfood is publicly traded on TSX under the ticker symbol FOOD.
How many acquisitions has Goodfood made?
Goodfood has made 1 acquisition, including Genuine Tea.
Who are Goodfood's investors?
Goodfood has 7 investors. Key investors include Desjardins, Stifel, Cormark Securities, Invest Quebec, and Desjardins Capital.
What is Goodfood's ticker symbol?
The ticker symbol of Goodfood is FOOD on TSX.
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