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DateInvestorsAmountRound
-investor investor

€0.0

round
investor investor

€0.0

round
investor

€0.0

round
investor investor investor

€0.0

round
investor

€0.0

round

N/A

Acquisition
Total Funding000k

Financials

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Revenues, earnings & profits over time
GBP201820192020202120222023
Revenues000000000000000000000000
% growth----(5 %)(8 %)
EBITDA000000000000000000000000
% EBITDA margin---(19 %)(39 %)-
Profit000000000000000000000000
% profit margin---57 %(32 %)10 %
EV000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget000000000000000000000000

Source: Company filings or news article

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More about SimplyCook
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SimplyCook operates within the direct-to-consumer meal kit market, providing a unique subscription service focused on flavour enhancement rather than full ingredient delivery. The company was founded in 2014 by Oli Ashness. Ashness, who has a background in venture capital and private equity with a Master's in Management from London Business School, identified a gap in the market while living a busy London lifestyle. He recognized that most people cook from a limited repertoire of meals and that experimenting with new recipes was often costly and time-consuming. This personal pain point led to the creation of SimplyCook, designed to make home cooking more varied and exciting.

The business model is centered on a subscription service that delivers letterbox-sized boxes to customers. Each box contains four recipe kits, which include pre-portioned, chef-designed flavour pots—blends of spices, herbs, pastes, and stocks. These kits, some containing up to 18 different ingredients, are paired with simple, 20-minute recipe cards. The core value proposition is that customers purchase their own fresh ingredients, such as meat and vegetables, which provides flexibility, reduces food waste, and keeps costs down compared to traditional meal kit services that ship perishable items. Revenue is generated through recurring subscription fees, with introductory offers to attract new users and a standard fee for subsequent boxes.

A significant milestone in the company's history was its acquisition by Nestlé in February 2021. This strategic move was part of Nestlé's broader effort to expand its direct-to-consumer portfolio. Following the acquisition, SimplyCook continues to be led by its founding team from its London headquarters, benefiting from Nestlé's operational expertise and global reach to accelerate growth. Prior to the acquisition, the company had successfully raised capital, including a $1.1 million seed round in 2015 and a £4.5 million Series A in 2019 led by Octopus Investments. The service has a catalogue of over 140 recipes, has shipped millions of kits, and has expanded its presence into retail outlets.

Keywords: recipe kits, meal kits, subscription box, food subscription, direct-to-consumer food, flavour pots, home cooking, meal preparation, food delivery, recipe service, spice blends, marinades, cooking from scratch, online food, convenient meals, food tech, Nestlé subsidiary, Oli Ashness, UK food startup, e-commerce food

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