Anjula Acharia is a venture capital investor who focuses and invests primarily in female-founded companies. One such company is Gobble, the meal kit delivery service founded and led by Ooshma Garg. The pair joins Cheddar to explain how female influence in the VC space is positive and necessary.
Acharia explains that one of her callings is to support female innovators. The tech investor has championed founders including Payal Kadakia from Class Pass, Kathryn Minshew from The Muse, Prena Gupta from Hooked, and Karissa Bodnar from Thrive Causemetics.
Garg says that having a VC investor like Acharia in your corner is invaluable. Acharia both provides financial support and business guidance.
When asked how Gobble competes with Blue Apron, Garg explains that the key to her business is putting convenience at the forefront. Gobble meals only take 15 minutes and everything can be prepared in one pan.
The U.S. Department of Agriculture is proposing a new rule to narrow what products qualify for a "Product of USA” or “Made in the USA” label. Now only meat, poultry and egg products from animals "born, raised, slaughtered, and processed in the United States" will make the grade.
The Biden administration sued to block JetBlue Airways' $3.8 billion purchase of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers.
Federal Reserve Chair Jerome Powell will hint that the central bank could increase the pace of interest rate hikes if data indicate price pressures continuing.
Stocks sank on Wall Street after the head of the Federal Reserve warned it could speed up its economy-rattling hikes to interest rates if pressure stays high on inflation.
If measures of the U.S. economy keep coming in hot, as they did in January, the Federal Reserve will likely have to raise interest rates even higher than it has already signaled — and keep them there longer — Chair Jerome Powell will likely warn in testimony to Congress on Tuesday.
