Deals
Food Delivery Startup Sprig Shuts Down as It Fails to Find Buyer
- San Francisco company was burning through $850,000 a month
- Meal production through delivery at scale was ‘a challenge’
A delivery man rides his bike in the rain to deliver food in New York.
Photographer: Jewel Samad/AFP via Getty ImagesThis article is for subscribers only.
On-demand food delivery startup Sprig Inc. is shutting down, the company said Friday.
Sprig, which cooked its own meals in-house and delivered them with drivers, was part of a bounty of such services that sprung up a few years ago, when venture funding for on-demand startups was strong. Like many of its peers, it struggled to make the business work: Bloomberg reported last week that it was burning $850,000 a month and seeking a buyer. Others like SpoonRocket and Maple have shuttered in the last year or so.