11/24/2023 0 Comments Hello fresh log in![]() ![]() On November 2, the company completed its IPO, valuing it at €1.7 billion. In October 2017, the company announced a planned IPO on the Frankfurt Stock Exchange to raise $350 million. It had 750,000 subscribers by July 2016, and 1.3 million by the third quarter of 2017. It experienced significant growth during the year, with 530,000 subscribers by the end of October. It cancelled a planned IPO in November, due to concerns about the company's proposed value. The company was still majority-owned by Rocket Internet at that time. In September of that year, it was valued at €2.6 billion in a funding round where it raised €75 million, making it a unicorn company. īy March 2015, the company had 250,000 subscribers, although it was still not profitable. They raised $50 million in a 2014 funding round, after having raised $10 million in 2012, and $7 million in 2013. ![]() By 2014, the company claimed to be delivering 1 million meals per month. They first started delivering meal kits to paying customers in early 2012, and expanded to the Netherlands, UK, US and Australia the same year. They were initially funded by Rocket Internet, a German startup studio company. ![]() It was one of the earlier companies in the meal-kit industry. Richter and Griesel packed and hand-delivered to the first 10 customers. HelloFresh was founded in November 2011 by Dominik Richter, Thomas Griesel, and Jessica Nilsson in Berlin, Germany. At the end of 2022, the company had approximately 7.1 million active customers worldwide, including 3.4 million in the U.S. It has been listed on the Frankfurt Stock Exchange since its IPO in November 2017. It is the largest meal-kit provider in the United States, and also has operations in Australia, Canada, New Zealand and Europe (Germany, Austria, Switzerland, Belgium, Netherlands, Luxembourg, France, Italy, Ireland, Spain, Scandinavia and United Kingdom). HelloFresh is a publicly traded meal-kit company based in Berlin, Germany. ![]()
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