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GoodEggs' mission is to help families in the Bay Area and beyond eat well all week long whilst spending less time in the kitchen.
2% employee growth in 12 months
The COVID-19 pandemic and the need to 'stay at home' disrupted many of our daily routines. It even affected our ability to go out and get groceries.
GoodEggs is an online market that delivers groceries to the home. They provided an essential service during COVID-19 but this accelerated shift in online grocery shopping may become the new normal. According to the company, almost 70% of people were getting their groceries delivered and over 80% of these people will continue to do so post-pandemic. Between 2020-2021, Good Eggs doubled its customer base and saw its revenue increase to over $100 million.
However the grocery delivery market has become an increasingly competitive arena. GoodEggs faces tough competition from big players with large market share, such as Walmart and Amazon Prime/Whole Foods. GoodEggs tries to seek an advantage by providing convenience, quality, and having authentic values, alongside high-profile partnerships with restaurants. The company claims 70% of its products are locally sourced, and it often delivers them within 2 days of harvesting. They also focus on providing a good workplace and remuneration package for their employees.
Freddie
Company Specialist at Welcome to the Jungle
Mar 2023
$7m
GROWTH EQUITY VC
Feb 2021
$100m
LATE VC
This company has top investors
Rodrigo Arevalo
(CEO, not founder)Currently Investor at Levels, Nash and Cutr and Upr.