GrubMarket

GrubMarket

GrubMarket is a company supplying local fresh food online and offers delivers them to customers.

GrubMarket is a wholesale marketplace for healthy and environmentally friendly consumer products. GrubMarket was founded in 2014 by Mike Xu. GrubMarket aims to offer fresh, healthy, and environmentally friendly food and other consumer-products at affordable prices. It is based in San Francisco, California.

Service

GrubMarket primarily offers food products in their online marketplace. They offer fresh produce that is organic and non-GMO; as well as processed food that carefully considers dietary restrictions such as vegan, gluten-free, cholesterol-free, and trans-fat free. GrubMarket also provides other consumer products such as home goods and health and beauty products. All their products come directly from the supplier, thus allowing GrubMarket to offer wholesale prices to their users.

Funding

Since 2015, GrubMarket has collected $89.1 million in funding through five rounds of financing. During its participation in the YC W15 cohort of Y Combinator, the company raised an estimated $64,100,000. Its most recent funding round was held in April 2019, raising $25 million. Thirty-four investors have funded GrubMarket since its first funding round, with four amongst them as lead investors. These investors include WI Harper Group, ACE & Company, GGV Capital, Digital Garage, and Alumni Ventures Group.

Timeline

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
GrubMarket Series D round October 2020
60,000,000
October 2020
5 Results
Results per page:
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People

Name
Role
LinkedIn

Chako Fairbanks

VP of Operations

Dan Rabens

VP of Marketing

Mike Xu

Founder and CEO

Shih-Chieh Tao

CTO

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
AlleyWatch
October 10, 2020
AlleyWatch
The Pulse of New York Tech

References

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