Jay-Z Teams With NFL Stars And Kevin Hart To Invest In Hungry’s $20 Million Series B

Founded in late 2016 by brothers Eman and Shy Pahlavani, Hungry began with a bevy of chefs in licensed commercial kitchens in Philadelphia and Washington, D.C. The platform screens applicants and tastes their handiwork before adding them, taking care of logistics and expanding customer bases. Hungry makes its money by marking up chefs’ wholesale prices—and aims to take a bite out of the $65 billion office and events catering market.

This latest round will help Hungry launch in new markets—because of both the cash and the star power. Uber famously leaned on celebrity investors to help create buzz as it expanded into different cities, and Hungry is using a similar blueprint: The Seahawks’ Wagner will help in Seattle just as Hart and the Rams’ Gurley will in Los Angeles, following Colicchio’s efforts in New York and Usher’s in Atlanta ....

Still, there will always be a demand for food and, by extension, a platform for those who make it—especially one where they can potentially make a lot more. Hungry cofounder Jeff Grass points out that a chef’s average annual salary is under $80,000 per year; some of his chefs make $50,000 per month, opening all sorts of doors that may have previously been closed.

Source: News Formal (newsformal.com)

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