This startup brings in $162 million a year helping people find food at huge discounts: It's ‘the most genius app' [CNBC]
Under Armour, Inc. Class C (UA)
Last under armour, inc. class c earnings: 2/11 06:55 am
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Source: CNBC
The far more sanitary digital version, Niles says, is an app called Too Good To Go , where retailers like restaurants and bakeries sell “surprise bags” of leftover food at discounted prices, usually between $3.99 to $9.99 apiece in the U.S. He's spent nearly $10,000 to pick up almost 2,000 surprise bags on his bicycle over the past four years, he says. Too Good To Go, a Copenhagen-based company founded in 2015, brought in just under $162 million in revenue in U.S. dollars last year, according to documents reviewed by CNBC Make It — primarily by taking a cut of each surprise bag purchase and collecting annual membership fees from retailers. In the U.S., the company typically takes $1.79 per bag and charges an annual membership fee of $89, a company spokesperson says. DON'T MISS: The ultimate guide to negotiating a higher salary Publicly, Too Good To Go's mission is to help reduce global food waste, a problem that costs the world $1 trillion per year, the World Bank estimates .
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