Sprig
Sprig's 2017 shutdown demonstrates how premium food delivery faces unit economics that don't scale. The healthy meal delivery startup couldn't achieve profitability despite $60 million raised. Making and delivering fresh meals cost more than customers would pay. Like an organism that can't gather enough food to support its metabolism, Sprig burned calories faster than it could acquire them.
Key Leaders at Sprig
Gagan Biyani
Founder/CEO
Key Facts
2013
Founded