Blue Apron hits $100 million run rate

Posted Jun 27, 2014

Blue Apron, a popular food delivery startup, is now approaching a $100 million revenue run rate. Blue Apron has signed a lease for a new warehouse to account for future growth.

Blue Apron will move its fulfillment operations this summer from an over-capacity warehouse in Brooklyn to a 120,000-square-foot building in Jersey City, N.J. Blue Apron has asked its 83 employees at the company to move from its facility in Brooklyn to New Jersey.

Blue Apron will look to add 300 more positions once it moves into the new space. Blue Apron is known for its venture-backed “meal kit” company in the U.S.

Every week, Blue Apron sends customers a box that includes several recipes and the ingredients needed for each dish. Blue Apron has a $500 million valuation that it secured after a recent $50 million investment round.