Money-Losing Meal Delivery Startup Munchery Seeks New CEO
- Existing backers have struggled to attract big new investors
- Other food-delivery businesses are still losing money
Tri Tran Photographer: David Paul Morris/Bloomberg
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Meal-delivery startup Munchery Inc. is looking to replace Chief Executive Officer Tri Tran, and is struggling to raise new funding to help its search for a profitable business model.
Former Shutterfly Inc. CEO Jeff Housenbold, who recently joined Munchery’s board, is in the running for the top spot. "The board did ask me if I’d consider it and I told them that I would," Housenbold said in an interview.