Food-Delivery Service Provider Munchery Shatters Operations
Updated: Feb 4, 2019
After raising Over $125 million, the company suddenly ceases operations
After raising over $125 million in its latest round of funding from from the likes of Menlo Ventures, Greycroft, and Northgate Capital, Munchery, the online food ordering and meal delivery service founded by Tri Tran, Conrad Chu sent an unexpected email to its customers announcing it would cease operations, effective immediately.
In its email message to customers, the company stated “with a heavy heart” that it was “closing its doors and ending operations effective immediately.” Announcing that any outstanding orders would be canceled and funds refunded.
The food delivery startup, however, according to Bloomberg news failed to inform its vendors and partners of this significant development. Several San Francisco-based businesses informed TechCrunch they are owed thousands in overdue Munchery payments.
“Since 2010, we have been committed to bringing fresh, local, and delicious meals into your homes along with all our customers across the country,” the company wrote in today’s e-mail announcement. “We’ve been delighted to work with world-renowned chefs, experiment with diverse and unique ingredients and recipes, and be a part of your holiday feasts and traditions. We have also enjoyed giving back to our community through meal donations, volunteer service, and so much more.”