About Thistle
Thistle is a company based in San Francisco (United States) founded in 2014 by Corey Cleland, Ashwin Cheriyan, Alap Shah, Shiri Avnery, and Johnny Hwin.. Thistle has raised $16.95 million across 3 funding rounds from investors including Siddhi Capital, Powerplant Ventures and Alumni Ventures. Thistle operates in a competitive market with competitors including Sun Basket, Green Chef, Trifecta Nutrition, Sakara Life and Freshly, among others.
- Headquarter San Francisco, United States
- Founders Corey Cleland, Ashwin Cheriyan, Alap Shah, Shiri Avnery, Johnny Hwin
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Sectors
HealthcareConsumer
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16.95 M (USD)
in 3 rounds
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Latest Funding Round
$10.3 M (USD), Series B
Jan 06, 2021
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Investors
Siddhi Capital
& 2 more
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Employee Count
Employee Count
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Funding Insights of Thistle
Thistle has successfully raised a total of $16.95M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10.3 million completed in January 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 Series B — $10.3M
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First Round
First Round
(12 Oct 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series B - Thistle | Valuation | Powerplant Ventures | |
| Jan, 2020 | Amount | Series A - Thistle | Valuation | Powerplant Ventures |
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| Oct, 2015 | Amount | Seed - Thistle | 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 Thistle
Thistle has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Siddhi Capital, Powerplant Ventures and Alumni Ventures. 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 investments in foodtech sectors are managed by Siddhi Capital.
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Founded Year | Domain | Location | |
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Offline focused VC firm funding companies in the US
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Founded Year | Domain | Location | |
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Venture capital investing and portfolio management services for accredited investors.
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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 Thistle
| 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 - Thistle
| 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 |
Thistle Comparisons
Competitors of Thistle
Thistle 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 Sun Basket, Green Chef, Trifecta Nutrition, Sakara Life and Freshly, 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-measured ingredients are delivered via an online subscription recipe box.
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| domain | founded_year | HQ Location |
Organic meal kits are delivered through subscription service.
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| domain | founded_year | HQ Location |
Provider of organic meal delivery services
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| domain | founded_year | HQ Location |
Plant-based ready-to-eat meals are delivered online by Sakara Life.
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| domain | founded_year | HQ Location |
Healthy ready-to-heat meals are delivered weekly to homes by Freshly.
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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 Thistle
Frequently Asked Questions about Thistle
When was Thistle founded?
Thistle was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Thistle located?
Thistle is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Thistle?
Ashwin Cheriyan is the current CEO of Thistle. They have also founded this company.
Is Thistle a funded company?
Thistle is a funded company, having raised a total of $16.95M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Oct 12, 2015.
What does Thistle do?
Thistle was founded in 2014 in San Francisco, United States, as an online platform in the meal delivery sector. Prepared nutritious meals, snacks, and cold-pressed juices are delivered to subscribers. Options for breakfast, lunch, and dinner are provided, with all items formulated to be plant-based, gluten-free, and dairy-free. Flexible subscription plans are supported to accommodate user preferences.
Who are the top competitors of Thistle?
Thistle's top competitors include Feast & Fettle, Trifecta Nutrition and Sun Basket.
Who are Thistle's investors?
Thistle has 3 investors. Key investors include Siddhi Capital, Powerplant Ventures, and Alumni Ventures.
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