Rachel Drori, Founder and President of plant-based frozen food company Daily Harvest talks the company’s recent $43 million funding round and its growth since its 2015 founding.
The company has attracted celebrity investors like Gwyneth Paltrow and Serena Williams, with this latest round led by Cheddar investor Lightspeed Venture Partners. Drori talks the inspiration behind the company and why its unprocessed, direct-to-consumer product stands out from others on the market.
The company touts that all products are plant-based and made with whole, unrefined, organic ingredients. The frozen format means a long shelflife and ability to utilize "ugly" fruits and vegetables, reducing waste throughout the supply chain.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
