SpoonRocket started out by appealing to hungry Bay Area college students, then began targeting young professionals. In the process, the company expanded from East Bay operations to SOMA in San.
Spoonrocket Oakland
On Tuesday, San Francisco-based on-demand food delivery SpoonRocket told customers that it had closed its doors over the weekend. The company’s closure is one of the latest signs that there’s been a financial slowdown in Silicon Valley. The startup offered a short list of relatively inexpensive food options (under $10) and could deliver them in under 10 minutes in many parts of the Bay Area.- SpoonRocket’s approach was speed and low prices over quality, shooting for sub-10 minute delivery of sub-$10 meals. It aimed to be cheaper and faster than cooking or ordering delivery from a traditional restaurant.
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Spoonrocket
'Despite our efforts, unfortunately, the downturn of market and lack of interest in on-demand companies like SpoonRocket from the venture community has forced us to shut down prematurely before we are able to grow into a viable business,' SpoonRocket wrote.
TechCrunch reported that the company had raised $13.5 million in venture capital through Y Combinator and other angel funds, as well as some Series A funding.
SpoonRocket recommended that customers switch to its more expensive competitor, Sprig.