Venture Capital

Startup Axlehire Raises $20M To Dominate Meal Kit Delivery

by posted 5months ago 56 views
Summary List PlacementAs companies like UPS and FedEx dealt with the pandemic-induced boom in e-commerce, delivery delays became the norm — and a disaster for time-sensitive food shipments. Any company that could help navigate the myriad supply chain disruptions stood to win big — and San Francisco-based delivery startup AxleHire was one of the winners. "FedEx and UPS were declining volumes," AxleHire CEO Adam Bryant told Insider. "We were the beneficiary." The company's package volume increased 50% from November to December when national carriers were at their most overwhelmed, according to Bryant.

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