INSUBCONTINENT EXCLUSIVE:
Munchery, the on-demand food delivery startup, has shut down its operations in Los Angeles, New York and Seattle, the company announced on
That means the teams from those cities are also being let go
on its business in San Francisco, its first and largest market
percent of the food it makes, laying off 30 employees and burning through most of the money it raised.During that time, Munchery tried a
number of different strategies
The on-demand food delivery business is tough in general
Over the last couple of years, a number of companies have shuttered due to the now well-known fact that the on-demand business is tough when
The most recent casualty was Sprig, which shut down last May, after raising $56.7 million in funding
Sherpa Capital and others
In March, the company was reportedly seeking $15 million in funding to help keep its head above water.
