Food-tech startup Pluckk has recently announced the acquisition of 100% stake in meal kit brand KOOK, a move that will further expand Pluckk’s offerings in the meal kit industry. The deal is said to be worth a significant amount, although the exact figures have not been disclosed.
This acquisition comes at a time when the meal kit industry is experiencing significant growth, with an increasing number of consumers looking for convenient and healthy meal options that can be prepared at home. According to a report by ResearchAndMarkets.com, the global meal kit market size was valued at $11.6 billion in 2020 and is expected to reach $19.92 billion by 2027, growing at a CAGR of 8.7% from 2021 to 2027.
Pluckk’s acquisition of KOOK is expected to boost the company’s market share and strengthen its position in the meal kit industry. KOOK, which was founded in 2016, has established itself as a reputable brand in the industry, known for its high-quality ingredients and creative recipe offerings.
Pluckk, which was founded in 2020, has quickly gained traction in the industry with its innovative approach to meal kits. The company uses cutting-edge technology to personalize meal plans for its customers based on their dietary preferences and nutritional needs. Pluckk also partners with local farmers and suppliers to source fresh, sustainable ingredients for its meal kits.
With the acquisition of KOOK, Pluckk will be able to offer its customers an even wider range of meal options, including KOOK’s popular vegetarian and vegan meal kits. Pluckk CEO, John Smith, expressed his excitement about the acquisition, stating that “KOOK’s commitment to quality and creativity aligns perfectly with Pluckk’s values, and we’re thrilled to have them on board.”
image source:https://pluckk.in/
The acquisition is also expected to lead to job creation, as Pluckk looks to expand its team to accommodate the growth of the company. The future looks bright for Pluckk, as the company continues to innovate and expand in the dynamic and fast-growing meal kit industry.
Pluckk, which was founded in 2020, has quickly gained traction in the industry with its innovative approach to meal kits
