Source: The Business Journals

Munchery: Shuttered Bay Area food delivery startup leaves bad taste behind: $6M in unpaid vendors, gift cards

When San Francisco-based Munchery abruptly went out of business in January, the food delivery startup left behind a slurry of unpaid invoices, empty shelves and gift cards no longer valid. Over a month later, the company still owes $3 million in gift card reimbursements and another $3 million to its vendors, Techcrunch reports. Munchery reportedly has remaining senior secured debt of $5.3 million, as well as about $23 million in convertible debt. The company snagged only $5 million from selling...

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Est. Annual Revenue
$25-100M
Est. Employees
250-500
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