HelloFresh reports $1B in 2017 revenue

|By:, SA News Editor

HelloFresh (Private:FRESH) reports revenue of $1B for last year, up 52% on 2016. Competitor Blue Apron (NYSE:APRN) had an 11% growth to $881M in the same period.

HelloFresh’s customer base grew to 1.5M globally while Blue Apron’s shrunk 15% to 746K. 

Blue Apron shares are up 3.9% to $2.16 but down 49% YTD.  

Previously: Blue Apron -4.2% as HelloFresh buys rival (March 20)