HelloFresh is already worth 2.6 billion euro

HelloFresh is already worth 2.6 billion euro

HelloFresh has received another 75 million euro in a new investment round, which means it is currently valued at 2.6 billion euro: four times more than the last the meal delivery service was valued.

Speed up its incredible growth even more

Scottish investment fund Baillie Gifford & Co is the newest investor: "We are very pleased to invest in such a rapid-growing company, which has created a new category within the worldwide food market", Baillie Gifford & Co partner, James Anderson, said. Following this new investment, Rocket Internet's Samwer brothers currently still own 57.2 % of HelloFresh.

 

The company, founded in 2011 and delivering four million meal boxes per month, wants to use the money to speed up its incredible growth rate even more. Its 2014 turnover grew 391.8 % compared to the year before that, up to 70 million euro. That trend has now continued in in the first quarter of this year.

 

"We believe in the substantial growth potential our company has and we are happy to see our strategy and business model confirmed with this capital injection," HelloFresh said. Analysts believe the company should be able to reach a 300 million euro turnover by the end of the year.

Questions or comments? Please feel free to contact the editors


Amazon Echo is now available in the Benelux

11/12/2017

Amazon announced it will ship its smart speaker Amazon Echo to another 28 countries, including Belgium and the Netherlands. Its own music streaming service will also get a local launch.

Luxury manufacturers can block retailers from selling on Amazon

07/12/2017

Luxury product manufactures can block retailers from selling their merchandise on online marketplaces like Amazon. The European Court of Justice has ruled on the matter after cosmetics manufacturer Coty filed a complaint.

Surge in mobile sales during Thanksgiving weekend

29/11/2017

During Thanksgiving weekend in the United States, which contains Black Friday and Cyber Monday, there was a big surge in mobile sales. Those two days saw a total sales figure of almost twelve billion dollar (just shy of ten billion euro).

Alibaba reveals its high-tech store of the future

24/11/2017

Amazon Go’s automated supermarkets have not yet arrived, but Alibaba already has its answers ready. The Chinese online retailer has showcased Tmall Supermart, filled with technology: from virtual fitting rooms to facial recognition.

Rakuten bridges gap to Japanese online consumer

30/10/2017

In Alibaba and Amazon’s shadow, Japanese Rakuten Ichiba is quickly developing. Several Western chains are using the platform to sell their products to Japanese online consumers.

Whole Foods contributes to Amazon's enormous turnover increase

27/10/2017

American Amazon’s third quarter turnover grew a lot once more, partially thanks to Whole Foods. This was the first time the chain’s turnover was added to Amazon’s overall turnover.

Back to top