Southeastern Grocers = Award Winning Ice Cream
We wonder whether Southeastern Grocers will make mention of this if it ultimately files for chapter 11 bankruptcy (as many suspect it might).
We wonder whether Southeastern Grocers will make mention of this if it ultimately files for chapter 11 bankruptcy (as many suspect it might).
NYC-based food delivery startup Maple announced that it has closed, transferring tech (and employees) to Deliveroo, a UK-based food delivery company. There is a ton of talk about food delivery - we're just as guilty of it as anybody - but the truth remains: in the absence of a compelling and lasting exit, the whole idea/model is still highly speculative. The company had raised $29mm in VC from investors as illustrious as Joshua Kushner's Thrive Capital - the most recent funding just two years ago at a $115mm valuation (yes, there was some venture debt in the mix as well...shocker!). Maybe Thrive should have brokered an exclusive food delivery deal to the visitors of Mar-a-Lago. Meanwhile, the failure of Maple and the recent recap of Munchery probably help explain why grocery delivery is surpassing food delivery in funding. Given the recent pain grocers have been suffering - see Marsh Supermarkets (below), Central Grocers, and Southeastern Grocers (closing 20 locations) - this would appear to be a positive sign.