Neither model really took off, so in September they pivoted again – this time to meal kits. Here’s what happened:
Gobble hasn’t revealed their monthly numbers, but we believe this represents just over 3% of their true revenue and customer base.
We estimate Gobble earned $750k from 4200 customers in May
Even though Gobble is a small (but fast-growing) fish in the meal-kit sea:
Gobble customers monetize better than Blue Apron, HelloFresh, or Plated:
*On May 22, Gobble reported their average member spends $242 each month. The key word is “member”, meaning retained customer. We confirmed this in our data: customers who joined prior to April and were still active in May spent an average of $240 in April, while the rest (new and/or churned customers) spent an average of $97.
Which begs the question: when are they raising their next round?
All data pulled directly from Second Measure. Request access to explore Gobble, Blue Apron, and hundreds of other public and private companies.