About Misfits Market
Misfits Market is a company based in Philadelphia (United States) founded in 2018 by Abhi Ramesh. It operates as a Subscription Services and Direct-to-Consumer (D2C). Misfits Market has raised $526.5 million across 4 funding rounds from investors including Accel, SoftBank Vision Fund and Valor Equity Partners. Misfits Market has completed 2 acquisitions, including Imperfect Foods and The Rounds. Misfits Market offers products and services including Grocery Delivery, Organic Produce, and Rescued Foods. Misfits Market operates in a competitive market with competitors including Ungraded Produce, Local Carrot, Livecart and Perfectly Imperfect Produce, among others.
- Headquarter Philadelphia, United States
- Founders Abhi Ramesh
- Stage Unicorn
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Sectors
Retail
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
Locked
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$526.5 M (USD)
in 4 rounds
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Latest Funding Round
$225 M (USD), Series C
Sep 14, 2021
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Investors
Accel
& 5 more
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Employee Count
Not available
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Investments & Acquisitions
Imperfect Foods
& 1 more
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Products & Services of Misfits Market
Misfits Market offers a comprehensive portfolio of products and services, including Grocery Delivery, Organic Produce, and Rescued Foods.
Groceries are delivered with focus on sustainability and quality.
Fresh organic produce is sourced to reduce food waste.
Ugly produce and rescued foods are offered for sustainability.
People of Misfits Market
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Software Development Team
17 people
Leadership Team
15 people
Operations Team
8 people
Senior Team
8 people
Sales and Marketing
8 people
Finance and Accounting
6 people
Human Resources and Administration
5 people
Product Management Team
3 people
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Funding Insights of Misfits Market
Misfits Market has successfully raised a total of $526.5M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $225 million completed in September 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.
Investors in Misfits Market
Misfits Market has secured backing from 6 investors, including venture fund investors. Prominent investors backing the company include Accel, SoftBank Vision Fund and Valor Equity Partners.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology and startups.
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Accel is recognized as a leading venture capital firm.
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Private equity firm
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Investor details for Misfits Market
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Investments & Acquisitions by Misfits Market
Misfits Market has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Imperfect Foods and The Rounds.
Investment portfolio details for Misfits Market
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- Portfolio identities
- Transaction dates
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- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Online retailer offering subscription-based multi-category products
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Surplus groceries are delivered via an online subscription service.
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Locked | Locked | 2015 | Locked |
Complete acquisition details for Misfits Market
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Verified entity values are shown only after access is granted.
Financial Statements - Misfits Market
Detailed financials for Misfits Market
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Misfits Market Comparisons
Peer comparison for Misfits Market
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Competitors of Misfits Market
Misfits Market 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 Ungraded Produce, Local Carrot, Livecart and Perfectly Imperfect Produce, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provides customizable produce boxes to minimize waste and support healthy meals.
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Provides financial planning, consulting, investments, and risk management for clients and organizations.
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Provides an AI-powered platform for convenient grocery delivery services.
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Operates an e-commerce platform specializing in visually imperfect produce to reduce waste and promote sustainability.
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Detailed competitors of Misfits Market
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Latest news on Misfits Market
Complete news archive for Misfits Market
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Frequently Asked Questions about Misfits Market
Misfits Market was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Misfits Market is headquartered in Philadelphia, United States. It is registered at Philadelphia, Pennsylvania, United States.
Abhi Ramesh is the current CEO of Misfits Market. They have also founded this company.
Misfits Market is a funded company, having raised a total of $526.5M across 4 funding rounds to date.
Misfits Market is engaged in providing online grocery delivery services across the United States. Operations are centered on reducing food waste by sourcing high-quality, organic produce and rescued foods from values-aligned farmers and producers. A flexible subscription model is offered, allowing customers to shop weekly or skip orders as needed. The focus is placed on sustainability, nutrition, and flavor over appearance, with products ranging from fresh produce to pantry staples, dairy, meats, and snacks. Efforts are made to build a stronger, less wasteful food system through partnerships with smaller farms and emerging brands.
Misfits Market's top competitors include Ungraded Produce, Local Carrot and Livecart.
Misfits Market offers Grocery Delivery, Organic Produce, and Rescued Foods.
Misfits Market has made 2 acquisitions, including Imperfect Foods, and The Rounds.
Misfits Market has 6 investors. Key investors include Accel, SoftBank Vision Fund, Valor Equity Partners, Greenoaks, and Sound Ventures.
The valuation of Misfits Market is $2B as of Sep 2021.