On-demand food delivery startup Munchery is ceasing operations effective immediately, the startup announced in an e-mail to customers on Monday (21st January 2019).
Founded in 2010, the San Francisco-based business had raised a total of $125 million in venture capital funding, reaching a valuation of $300 million with an $87 million round in 2015, according to PitchBook.
The news comes as little surprise considering Munchery laid off 257 employees, or 30 percent of its workforce, in May.
Munchery looks to build its brand with pop-up shop
To stay afloat, the startup shape-shifted from originally launching as a ready-to-eat meal delivery service to delivering meal-kits to creating an $8.95 a month subscription plan for repeat customers and, finally, opening up a shop inside a San Francisco BART station in a bid to win over the commuter crowd.
Munchery is just the latest in a line of food delivery startups to shutter.
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