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Food & Beverage3 min read

Maple: Maple: The $29M New York Meal Delivery Failure

Maple raised $29M to deliver chef-made meals in NYC. Despite premium branding and David Chang as a partner, it shut down after 2 years.

2024-01-153 min readNew York City, New York, United States

Maple launched in New York City in 2015, founded by a team including celebrity chef David Chang of Momofuku fame. The company promised restaurant-quality food, designed by top chefs, prepared in centralized kitchens, and delivered quickly. Maple raised $29M from Thrive Capital and others.

Company Data

  • Founded: 2015
  • Total Funding: $29 million
  • Failed: May 2017 (merged with Deliveroo)

Maple had the same problem as Sprig and Munchery: full-stack food delivery economics don't work. The combination of chef-designed menus, premium ingredients, centralized kitchen operations, and delivery costs consumed more than customers were willing to pay. Maple effectively merged into Deliveroo in 2017, ceasing independent operations.

Key Lesson

Even celebrity chefs can't fix bad unit economics. Premium branding doesn't change the fundamental math of food costs + kitchen ops + delivery.

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Failure Reasons

  1. Full-stack economics never worked
  2. Premium ingredients inflated costs
  3. Limited to Manhattan density
  4. Couldn't differentiate from growing competitors

Key Lesson

Premium branding is not a substitute for sustainable unit economics.

Company Quick Facts

Founded
2015
Failed
2017
Funding Raised
$29M
Headquarters
New York City, New York
Country
United States
Industry
Food Delivery
Employees
~100
food deliveryNew Yorkcelebrity cheffull-stack
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