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HelloFresh rival builds cash war chest as online grocery shopping soars – NEWS.com.au

HelloFresh rival builds cash war chest as online grocery shopping soars

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Meal kit delivery service Marley Spoon is building up its cash war chest after teaming up with culinary icon Maggie Beer as its sales continue to soar amid the coronavirus pandemic.The HelloFresh rival is in a trading halt pending a discounted $56 million placement to institutions to fuel its growth.
The Berlin-based subscription service released its September quarter results to the Australian Securities Exchange late on Thursday, showing a 109 per cent revenue jump compared with the same period…

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