Blue Apron

  • These startup exits delivered the biggest bang for the buck Crunch Network

    These startup exits delivered the biggest bang for the buck

    Big IPOs by the best-known brands tend to dominate attention in startup circles. But when it comes to delivering significant returns on invested capital, it’s often lower-profile companies that come out on top. We look at some of the top-returning large exits, first for tech and Internet companies, and then for life sciences. Read More

  • US & Canada VCs favor late-stage giants over upstarts in Q4 Crunch Network

    US & Canada VCs favor late-stage giants over upstarts in Q4

    Startup investors in the U.S. and Canada have been putting a little less money to work across a lot fewer deals in recent months. After three quarters of rising investment at early through growth stage, VCs have cut back in the fourth quarter of 2017. We look at some of the key data points for the just-ended quarter and year, including early and late-stage funding, round counts, M&A and IPOs. Read More

  • Blue Apron loses its CEO

    Blue Apron loses its CEO

    Blue Apron founder Matt Salzberg is stepping aside as the company’s CEO, the company announced Thursday. CFO Brad Dickerson has been promoted to take his place. It’s been a volatile past few months for the cooking kit company, which went public in June. Shares closed Thursday at just $2.99 (Blue Apron went public at $10 per share). Read More

  • Blue Apron shares trade down 9% after disappointing earnings

    Blue Apron shares trade down 9% after disappointing earnings

    Blue Apron just can’t catch a break. The New York-based cooking kit business released its third-quarter earnings before the bell on Thursday. The results were mixed. The company handily beat revenue expectations, but its losses were also worse than expected. Read More

  • Blue Apron competitor HelloFresh prices IPO, raising up to $369 million

    Blue Apron competitor HelloFresh prices IPO, raising up to $369 million

    HelloFresh, the Berlin-based cooking kit delivery company, priced its IPO at the middle of its expected range at €10.25, or roughly $11.91. This means that the company could raise up to €318 million in the offering, or $369 million. The timing of the IPO may come as a surprise to some, given that competitor Blue Apron recently had a lackluster public debut. Read More

  • Blue Apron is laying off hundreds of employees

    Blue Apron is laying off hundreds of employees

    As Blue Apron approaches its next earnings report in a couple of weeks, the company said Wednesday that it is laying off 6 percent of its staff as part of “a company-wide realignment of personnel to support its strategic priorities.” Blue Apron was one of the big — and most anticipated — consumer IPOs of the year, but it’s also now one of the companies that… Read More

  • 7 huge business storylines for this quarter’s earnings season

    7 huge business storylines for this quarter’s earnings season

    It’s that time of the year again: earnings season. It’s a finance nerd’s dream, but for the rest of the world, it’s important because some of the biggest technology companies in the world spill their guts to the public. We get to see who’s winning, who’s losing and what’s going wrong. So, on that note, here are a few big story lines we’re… Read More

  • Albertsons snaps up meal kit startup Plated for $200 million

    Albertsons snaps up meal kit startup Plated for $200 million

    In a first for national grocery chains, Albertsons is buying the healthy meal kit delivery startup Plated for an undisclosed amount, brokered by Credit Suisse Group AG. Read More

  • Is it exit season yet? Crunch Network

    Is it exit season yet?

    Startup funding and exiting activity has been slow over the past few months in the U.S. Fewer companies closed rounds, IPO volumes were light, and not a lot of big M&A deals got done. But that’s to be expected, right? After all, it was summer break. Now that Labor Day’s over and we’re back at our desks, we can expect deal volumes to pick up. That seasonal explanation for… Read More

  • Most of 2017’s tech IPOs are performing well

    Blue Apron and Snap had disappointing debuts this year, but others have fared much better. Of the tech companies that have gone public this year, most are trading above their IPO price. But there haven’t been many of them, with just 15 tech companies debuting so far this year, making it the second slowest start since 2009, according to Dealogic. Although it isn’t quite as bad as the… Read More

  • Where does Blue Apron go after Amazon wraps up its Whole Foods deal?

    Where does Blue Apron go after Amazon wraps up its Whole Foods deal?

    Last week, Amazon said that its massive $13.7 billion deal to acquire Whole Foods is wrapping up on Monday — giving it access to one of the strongest food brands in the United States, as well as hundreds of grocery stores in metropolitan areas. That means it’s going to be easier and easier for people to get access to great ingredients, and there’s been a continued trickle… Read More

  • Blue Apron implements a partial hiring freeze and lays off 14 recruiters

    Blue Apron implements a partial hiring freeze and lays off 14 recruiters

    Blue Apron is chugging along on its post-IPO bumpy road: the meal-kit company’s VP of HR and talent has left; Blue Apron has put into effect a hiring freeze on some salaried positions, but is still hiring for certain corporate roles and hourly fulfillment center positions; and the company let go 14 members of its recruiting team. Read More

  • Blue Apron hit with multiple class action lawsuits

    Blue Apron hit with multiple class action lawsuits

    Blue Apron just can’t catch a break. The cooking kit company has seen its share price nearly cut in half since its late June IPO and now it could be in legal trouble, too. Now law firms are coming after the company with proposed class-action lawsuits, alleging that Blue Apron failed to adequately disclose material information. There are allegations that Blue Apron misrepresented its… Read More

  • Let’s review some of tech’s big second quarter financial stories

    Now that the second-quarter “earnings season” — when all of the biggest public tech companies spill their financial guts to the public — is over, and it was filled with a lot of weird stories that seemed a little outside of the mold that we normally see. There weren’t any blockbuster product launches, huge advertising beats, wildly surprising numbers (outside… Read More

  • Weekly Roundup: Travis Kalanick sued by Benchmark, Snap and Blue Apron sink after Q2 earnings

    Weekly Roundup: Travis Kalanick sued by Benchmark, Snap and Blue Apron sink after Q2 earnings

    From Uber’s former CEO Travis Kalanick getting sued by his company’s lynchpin investors at Benchmark to Google’s struggles with a recently fired employee over a gender diversity screed that went viral, it’s been a wild week in tech. Meanwhile, Snap and Blue Apron both reported disappointing earnings — something we discuss in this week’s episode of the… Read More

  • Amazon said to be exploring refrigeration-free prepared meal tech

    Amazon said to be exploring refrigeration-free prepared meal tech

    You may have heard the term ‘MRE’ – otherwise known as “Meal, Ready-to-Eat” – bandied about in discussions related to the military or survivalists. Now, it looks like Amazon is exploring ways to produce its own MREs, but with the aim of creating something tasty and satisfying for ordinary consumers, rather than for service people or extreme hikers. Amazon… Read More

  • Equity podcast: Benchmark sues Kalanick, and what’s next for IPOs after Snap and Blue Apron’s very bad day

    Equity podcast: Benchmark sues Kalanick, and what’s next for IPOs after Snap and Blue Apron’s very bad day

    Hello and welcome back to Equity, TechCrunch’s weekly venture-themed podcast where we dive into the numbers behind the noise. Forget the summer lull, friends. This week was chock full of news that broke right up until the very last minute. Matthew Lynley was off this week, but Katie Roof and myself were incredibly lucky to have Kate Mitchell, co-founder and partner at Scale… Read More

  • Blue Apron is having a really bad day

    Blue Apron is having a really bad day

    Things are not going so well for Blue Apron this morning after reporting its second-quarter earnings (its first earnings report ever), and the stock is crashing as a result of it. The company’s stock is down more than 14 percent on the earnings report, which came in pretty mixed compared to what Wall Street wanted. Read More

  • Blue Apron sees some signs of life as it pulls back its marketing engine

    Blue Apron sees some signs of life as it pulls back its marketing engine

    Amid the ever-present specter of Amazon, Blue Apron reported its second-quarter earnings today — where it showed a mixed performance for Wall Street, but also some small much-needed improvements in certain metrics. The biggest drag on the company was that it said it was paring back its marketing expenses between the first and second quarter, resulting in a 9% decrease in total customers… Read More

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