Blue Apron’s disappointing IPO has hurt fundraising prospects for its myriad meal-kit competitors, while Amazon.com’s acquisition of Whole Foods has sent stocks tumbling for grocers. That has given grocery chains and meal-kit startups a larger appetite to combine forces, say industry experts and tech executives.
Signs of consolidation are emerging. Executives at Albertsons Companies, which owns Safeway, have recently discussed buying meal-kit startup Plated, according to two people familiar with the matter. It’s unclear whether the two sides are close to an agreement.