+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

One of New York's most popular food delivery start-ups is suddenly shutting down

Aug 25, 2024, 18:08 IST
MapleMaple, a food delivery startup that launched in New York City in 2015, announced in a letter that it will be closing shop today.

"Over the past several months we've been spending most of our time thinking about the future of our business - what comes next for Maple? The more time we spent trying to answer this question, the more evident it became that of all the paths we had contemplated, the most compelling next step in Maple's story involved a shift from our current approach.

While an incredibly difficult decision for us given the effect on our core operations, it became clear that we needed to close the Maple operation here in New York and look for a partner with scale - one that would allow us to leverage all that we had built across a broader platform."

Maple had a preset menu for lunch and dinner every day of the week, excluding Saturdays. Meals could be ordered on Seamless, Maple's homepage, or on Maple's app, which is available on both iOS and Android. Each meal is whipped up by line cooks in one of the startup's five kitchens before being handed over to a delivery person who brings it to its destination.

Maple was founded by Caleb Merkl and Akshay Navle. It raised $22 million in Series A funding in March 2015. Greenoaks Capital led the round, with contributions from Thrive Capital, Primary Ventures, Bonobos CEO Andy Dunn, and Momofuku founder David Chang. It had previously raised $4 million in seed funding in November 2014.

Advertisement

NOW WATCH: We tried Burger King's new Froot Loops milkshake and it blew us away

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article