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 39 days ago
 Source: geekwire.com

Office lunch delivery startup Peach raises $5M — here’s how the company bounced back after layoffs

Quick Summary

Investors are putting more juice behind Peach, the Seattle startup that delivers lunch to office workers. Peach competes in a crowded food delivery market, but differentiates itself by focusing on delivering multiple lunch orders to office buildings. After the job cuts, Singh said the company streamlined its delivery operations and office building activations. Singh said delivering group lunch orders to multiple customers in one office building is a fundamentally different economic model than the 1-to-1 nature of Uber Eats, DoorDash, and others. “We believe lunch delivery is going to grow exponentially and businesses with positive unit economics are going to reap the benefits,” Singh said.

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