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.
As inflation-weary consumers cut back on dining out, brands like McDonald’s are relying more heavily on celebrity and influencer endorsements to move the needle
Plus, Starbucks reported its first quarter of declining sales and earnings since the pandemic, Biden tries to tackle the national debt and Warren Buffett is set to host the annual meeting of his investment firm Berkshire Hathaway.