HelloFresh

#2711

Rank

$4.43B

MarketCap DE

DE Germany

Country

Summary
HelloFresh SE delivers meal kit solutions to prepare home-cooked meals using its recipes. The company offers premium meals, double portions, and others, as well as add-ons, such as soups, snacks, fruit boxes, desserts, ready-to-eat meals, and seasonal boxes. It also sells meal-kits through vending machines. The company has operations in the United States, Australia, Austria, Belgium, Canada, Germany, France, Luxembourg, the Netherlands, New Zealand, Switzerland, Sweden, Denmark, Norway, Italy, Japan, and the United Kingdom. It operates under the HelloFresh brand; and owns the Chefs Plate, EveryPlate, Factor75, Green Chef, and YouFoodz brand names. HelloFresh SE was founded in 2011 and is headquartered in Berlin, Germany.

History

HelloFresh was founded in November 2011 by Dominik Richter, Thomas Griesel, and Jessica Nilsson in Berlin, Germany. Richter and Griesel packed and hand-delivered to the first 10 customers. It was one of the earlier companies in the meal-kit industry. They were initially funded by Rocket Internet, a German startup studio company. They first started delivering meal kits to paying customers in early 2012, and expanded to the Netherlands, UK, US and Australia the same year. By 2014, the company claimed to be delivering 1 million meals per month. They raised $50 million in a 2014 funding round, after having raised $10 million in 2012 and $7 million in 2013.By March 2015, the company had 250,000 subscribers, although it was still not profitable. 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. The company was still majority-owned by Rocket Internet at that time. It cancelled a planned IPO in November, due to concerns about the company's proposed value. It experienced significant growth during the year, with 530,000 subscribers by the end of October. It had 750,000 subscribers by July 2016, and 1.3 million by the third quarter of 2017.In October 2017, the company announced a planned IPO on the Frankfurt Stock Exchange to raise $350 million. On November 2, the company completed its IPO, valuing it at €1.7 billion. At the time of its IPO, the company had a market capitalization of more than double Blue Apron, its largest US-based competitor.In March 2018, HelloFresh acquired Green Chef, a US organic meal-kit company.In October 2018, Toronto-based HelloFresh Canada acquired Chefs Plate, a Canadian meal-kit company.In 2019, Rocket Internet sold its remaining stake in HelloFresh by accelerated book building to international institutional investors. Rocket Internet had held a 30.6% stake in HelloFresh, as of the end of 2018.


Mission
We change the way people eat, forever.

Vision
We are the leading global meal kit delivery company, providing households with wholesome, homemade meals – no shopping and no hassle. The HelloFresh Group includes the HelloFresh, Green Chef, EveryPlate, Chefs Plate, Factor_, and Youfoodz brands.

Key Team

Mr. Edward Boyes (Chief Commercial Officer & Member of Management Board)

Tom Ward (Head of IR)

Dr. Christian Ries (Group Gen. Counsel)

Saskia Leisewitz (Group Lead of Corp. Communications)


Recognition and Awards
HelloFresh has received numerous awards and accolades. These include: the 2015 Grocer Gold Awards for Best Meal Kit Solution, the 2015 Clearly Rated Best of Staffing Award, the 2015 European Business Awards for Food and Drink, and the 2015 International Taste & Quality Institute Superior Taste Award.

References
HelloFresh
Leadership team

Mr. Dominik S. Richter (Group CEO & Member of Management Board)

Mr. Christian Gaertner (CFO & Member of Management Board)

Mr. Thomas W. Griesel (CEO of International & Member of Management Board)

Products/ Services
Delivery Service, Food and Beverage, Food Delivery, Subscription Service
Number of Employees
1,000 - 20,000
Headquarters
Berlin, Berlin, Germany
Established
2011
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
HFG.DE
Social Media
Sun Mar 03 2024
About

businessabc offers a global business, SMEs wiki directory blockchain, NFTs, AI powered marketplace for businesses worldwide.

Follow Us
Produced by
In collaboration with
Logo

Copyright 2023 © businessabc powered by ztudium