About Hungryroot
Hungryroot is a company based in New York (United States) founded in 2015 by Benjamin McKean.. Hungryroot has raised $78.31 million across 5 funding rounds from investors including Lightspeed Venture Partners, Lerer Hippeau and L Catterton. Hungryroot offers products and services including Ready-to-Eat Meals, Personalized Meal Plans, and Groceries. Hungryroot operates in a competitive market with competitors including HelloFresh, Blue Apron, Marley Spoon, Home Chef and Green Chef, among others.
- Headquarter New York, United States
- Founders Benjamin McKean
- Stage Minicorn
-
Sectors
HealthcareConsumer Retail
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Hungryroot, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$78.31 M (USD)
in 5 rounds
-
Latest Funding Round
$40 M (USD), Series C
Jun 04, 2021
-
Investors
Lightspeed Venture Partners
& 9 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Hungryroot
Hungryroot offers a comprehensive portfolio of products and services, including Ready-to-Eat Meals, Personalized Meal Plans, and Groceries. 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.
Pre-prepared healthy meals tailored to dietary needs and preferences.
Custom plans with recipes and recommendations for balanced nutrition.
Curated selection of healthy foods with smart recommendations.
Unlock access to complete
Software Development Team
17 people
Senior Team
7 people
Leadership Team
7 people
Product Management Team
6 people
Sales and Marketing
6 people
Finance and Accounting
5 people
Human Resources and Administration
4 people
Data Analysis and Operations Team
3 people
Unlock access to complete
Funding Insights of Hungryroot
Hungryroot has successfully raised a total of $78.31M across 5 strategic funding rounds. The most recent funding activity was a Series C round of $40 million completed in June 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 5
- Last Round Series C — $40.0M
-
First Round
First Round
(21 May 2015)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series C - Hungryroot | Valuation | L Catterton |
|
| Mar, 2018 | Amount | Series C - Hungryroot | Valuation |
investors |
|
| Feb, 2017 | Amount | Series B - Hungryroot | Valuation | Lerer Hippeau , Crosslink Capital |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hungryroot
Hungryroot has secured backing from 10 investors, including venture fund investors. Prominent investors backing the company include Lightspeed Venture Partners, Lerer Hippeau and L Catterton. 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 |
|---|---|---|---|---|
|
L Catterton is recognized as a leading consumer-focused private equity group.
|
Founded Year | Domain | Location | |
|
USA focused VC firm investing in seed and early stage startups
|
Founded Year | Domain | Location | |
|
Venture capital is invested in various sectors by Crosslink Capital.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Hungryroot
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Hungryroot
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hungryroot Comparisons
Competitors of Hungryroot
Hungryroot 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 HelloFresh, Blue Apron, Marley Spoon, Home Chef and Green Chef, 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 |
Meal recipe kits are delivered through a weekly subscription service.
|
|
| domain | founded_year | HQ Location |
Subscription-based meal kits with pre-measured ingredients are delivered weekly.
|
|
| domain | founded_year | HQ Location |
Internet first brand for meal kits
|
|
| domain | founded_year | HQ Location |
Platform offering recipe meal kit delivery services
|
|
| domain | founded_year | HQ Location |
Organic meal kits are delivered through subscription service.
|
|
| domain | founded_year | HQ Location |
Plant-based ready-to-eat meals are delivered online by Sakara Life.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Hungryroot
Frequently Asked Questions about Hungryroot
When was Hungryroot founded?
Hungryroot was founded in 2015.
Where is Hungryroot located?
Hungryroot is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Hungryroot?
Benjamin McKean is the current CEO of Hungryroot. They have also founded this company.
Is Hungryroot a funded company?
Hungryroot is a funded company, having raised a total of $78.31M across 5 funding rounds to date. The company's 1st funding round was a Series B of $7.7M, raised on May 21, 2015.
What does Hungryroot do?
Hungryroot was founded in 2015 in New York, United States, as an online platform in the grocery and meal delivery sector. Proprietary predictive technology is utilized to provide customized groceries, recipes, meal planning, and nutritional support. At-home delivery services are offered to meet customer needs and goals, with operations focused on the U.S. market.
Who are the top competitors of Hungryroot?
Hungryroot's top competitors include HelloFresh, Blue Apron and Home Chef.
What products or services does Hungryroot offer?
Hungryroot offers Ready-to-Eat Meals, Personalized Meal Plans, and Groceries.
Who are Hungryroot's investors?
Hungryroot has 10 investors. Key investors include Lightspeed Venture Partners, Lerer Hippeau, L Catterton, Crosslink Capital, and KarpReilly.
What is Hungryroot's valuation?
The valuation of Hungryroot is $750M as of Jun 2021.