Valued at $1.7bn 13 months ago, the meal-kit delivery business backed by Joe Wicks is now worth less than $300m after a fundraising from which some investors were excluded, Sky News learns.
The meal-kit delivery company was founded in 2012 by Timo Boldt and James Carter, two former investment bankers, with the former winning the accountancy firm EY's prestigious Entrepreneur of the Year award in 2022.Gousto sells subscriptions to recipe boxes and markets itself as offering healthy meals at value-for-money prices, with Mr Boldt describing the company's ambition to
Gousto's other major shareholders include Unilever's ventures arm, Fidelity International, the railways pension scheme Railpen and Grosvenor Food & AgTech, an arm of the Duke of Westminster's vast business portfolio. "And then the company and big shareholders do this significantly discounted fundraise as an 'open' offer but does not offer it to all shareholders.
While Gousto is not in any immediate financial difficulty, it told shareholders that the latest £50m was designed to steer it through more volatile economic conditions.
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