An extreme obsession with customer acquisition killed its growth, leaving it with churn rates upwards of 70%.Īs the company faces rising acquisition costs and increasing competition, the only way to keep from going under is to immediately reinforce the parts of the customer lifecycle that keep subscriptions active. It all comes down to how the company tried to grow. Where did things go wrong? Why didn’t Blue Apron live up to expectations? “We have a history of losses, and we may be unable to achieve or sustain profitability.”
Backed by $135 million in venture funding and a $2 billion valuation, the company was primed to become the ultimate disrupter of the food and grocery industry.įast forward to today, and the company has found itself in a different reality:
Once upon a time, Blue Apron flourished as a promising unicorn startup.
0 kommentar(er)
