Top Brands in the Tech Industry fight for the Food Market Industry.
https://mexytek.blogspot.com/2017/06/top-brands-in-tech-industry-fight-for.html
This public offering is the first from a much hyped
new market. Startups like Plated, HelloFresh, Sun Basket and Home Chef have
each raised tens, if not hundreds, of millions in private capital to make meal
subscription services mainstream.
Blue Apron, a service that mails you a box of fresh,
pre-measured ingredients with the recipe included, is nearing an IPO that is
expected to value the company at around $3 billion or even more if there's
enough investor appetite.
The
Blue Apron IPO and Amazon's grocery splurge highlight the growing importance of
food.
Next, it could be Google (GOOGL, Tech30) or Uber,
both of which have experimented with grocery deliveries. Amazon (AMZN, Tech30)
now has the potential to eat Blue Apron's lunch too and each of the company may
be forced into an endless war of discounts and aggressive promotions to get
more attention and patronage
Source/Credit: CNNMoney