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Gousto finalises £172.3m investment

UK meal-kit company Gousto has secured £172.3m (US 230m) from its latest fundraising which was led by SoftBank V2. This latest round has added Fidelity International,… View Article

FOOD AND DRINK NEWS UK

Gousto finalises £172.3m investment

UK meal-kit company Gousto has secured £172.3m (US 230m) from its latest fundraising which was led by SoftBank V2.

This latest round has added Fidelity International, Grosvenor Food & Ag Tech and Railpen to Gousto’s share register.

Known for its red recipe boxes delivered to customers’ front doors, Gousto was well positioned for the pandemic, reporting its first profit in 2020 and selling 53 million meals. Grocery deliveries are becoming more and more popular with dozens of start-up’s aiming to deliver food in less than 30 minutes.

Tim Boldt, Founder & CEO, Gousto commented: “This successful placing follows the primary capital raise announced in January and is further testament to the relevance and appetite for Gousto’s leading recipe box solution, as we meet an accelerating consumer need to eat healthily and sustainably, at value.

“I’m thrilled that following on from their initial investment, Softbank has increased its stake, which speaks volumes for where they see the business heading. I’m also delighted to welcome new shareholders to our investor base.”

Gousto has “succeeded in disrupting the traditional grocery channel when it comes to how we consume the evening meal,” Max Ohrstrand, director at SoftBank Investment Advisers, said Thursday in a statement announcing the investment.

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