Story of Winding Down a Business After Raising $60M and the Future of Food

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Episode Description

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cc: growth journeys from emerging ecosystems to global markets.

Neeraj is the co-founder of Sprig, the first and largest fully vertically integrated on-demand food delivery startup that raised $60M and scaled to 1,200 employees before winding it down. Since then, Neeraj relocated to Berlin and started actively investing in the startups around the future of food, including some unicorns.

What’s in this episode?

1) How you go from a soonicorn to closing up

2) Evaluating product-market-fit over time

3) Reasons for focusing on the future of food

4) Grocery craze in the VC world

5) Problems with supply chain and food surplus

You can reach us through our website or @getcced on Instagram, Twitter, Youtube, Facebook, and Linkedin. Hosted by Enis Hulli and Rina Onur.

Enis Hulli

500 Istanbul – General Partner

Enis aims to cultivate and grow local ecosystems, help talented entrepreneurs in building explosive businesses that will re-shape the future. As a General Partner at 500 Startups, Enis works to integrate Central Eastern Europe and Turkey with Silicon Valley. He has done 40+ investments that have collectively raised more than $300M in the past 3 years.