In the past few months, we have seen a number of food-tech startups shut shop. Last month, the social media startup for Home Cooking, Josephine, announced it was shutting (link). This came a few months after the venture funded startup Yumist failed.
This week, Indie Plate, the Baton Rouge, LA based meal subscription startup announced in an email to customers that it was shutting. The website, however just says it is “currently at CAPACITY for orders this week!”
The email added:
The way the numbers worked out ultimately indicated a grim future for Indie Plate. Startups in this brand new ‘meal kit’ space require copious amounts of investment to build kitchens & warehouses, invest in marketing, invest in logistics, and in our case, invest in higher quality, farm-to-table ingredients. In the end, we simply were unable to raise the amount needed to sustain our business.
This is a very emotional time for us — as Indie Plate has been the fabric of our lives for years. Everyone on
our team has invested capital, time and energy into something we all believed in wholeheartedly, and sacrificed a lot in an attempt to make our dream a reality. We have taken great pride in the service we have been able to provide to so many families in Baton Rouge, New Orleans and the loyal customers and partners who have been with us along the way. But it simply is time.
According to its website, Indie Plate serviced much of East Baton Rouge Parish as well as New Orleans and Metairie. The company had doubled its staff last year and funded a $50,000 Kickstarter campaign and won the PitchBR competition.