Crunch Report | Pokemon Go “Big Summer Update”

Pokemon Go has a big summer update, Vice Media raises $450 million, the FTC wants to block the FanDuel-DraftKings merger and Blue Apron is looking to raise $586 million in its IPO. All this on Crunch Report. Read More

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Blue Apron will raise $587M in its IPO, valuing itself close to $3B

 Blue Apron, the meal ingredient delivery service that filed to go public earlier this month, has just priced its IPO. The company will price its shares between $15-$17, hoping to raise a maximum of $586,500,000. Using a $16 midpoint, this pricing gives the company a proposed valuation of just under $3 billion. The company will be listed on the NYSE under the symbol “APRN”, and… Read More

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Winners and losers in Amazon’s $13.7B purchase of Whole Foods

 Amazon is taking a huge bite out of the fresh food business with its bid for Whole Foods Market for $13.7 billion. But even though this is a deal between two companies, it’s not just the two of them being touched by it. The intersection between the food and tech industries has been playing out for years now, sprouting dozens of food startups; efforts from large tech companies to move… Read More

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There’s another small tech IPO and we’re really just waiting for Blue Apron

 We have another filing for a tech IPO today, this one from a company called CompuLab coming in amid a continued flurry of IPOs.  But, really, the story here is just that — it’s just another small tech IPO amid a flurry of filings. Snap started off the year with a bang, rattling off a highly successful IPO (though its continued performance is not so great) and opening up… Read More

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HelloFresh is launching a wine club, taking a page from the Blue Apron playbook

wine glass As competition among them heats up, meal kit startups are expanding their repertoire, including by selling their dinner kits at groceries and adding new products to their catalogs. Today, early meal kit player HelloFresh announced the availability of wines on their site beginning May 17th. Read More

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The winner of the meal kit market won’t be a meal kit company at all

 Now, meal kit companies are facing an onslaught of competition from newcomers and big food brands alike. Turning a profit has proven elusive. And somewhat embarrassingly, it looks like meal kit companies need to emulate the brick-and-mortar groceries and online retailers they once criticized for overwhelming shoppers with choices. To go truly mainstream, they need to diversify their… Read More

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