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Kichit

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Based in
San Francisco, California, United States
Customer Service, Housekeeping Service, Restaurants
B2C
Brought local chefs to private households
-
Attended an Accelerator

Dates

Launch
1 October 2011
Closure
28 April 2016
Duration (months)
4 years, 6 months

Failure

Reason
Kitchit was a popular service and people appreciated the fact that the experience the company brought them by allowing them to have tasty food at their own house and still being able to entertain guest instead of being busy in the kitchen. The on-demand food market was already very competitive and they had to compete with other food providers in the same market including Chef'd Up, ChefSurfing, VanChefs and Hire A Cheft. Even well-funded ventures in this sector had tried making a profitable long-term business but failed. Kitchit changed business strategy a couple of times but was not able to make enough profit margin to sustain its operating costs.‍
Submitted Failure Story
Failure categories
Competition

Founders and team

Investment

Number of investors
20
Investors
500 Startups, Silicon Valley Bank, Crosslink Capital, StartX (Stanford-StartX Fund), Javelin Venture Partners, Susa Ventures, Brendan Wallace, Lee Linden, The Perkins Fund, Joe Lonsdale, Karl Jacob, Harris Barton, Aayush Phumbhra, Shan Mehta, Sonja Perkins, Zak Holdsworth, Egon Durban, Daniel Terry, Ling Xiao, Brandee Barker
Accelerator program
500 Startups
Acquisition status
-
Acquisition date
-
Employee count
11-50
Founders
Brendan Marshall, Ian Ferguson
Founders Twitter 

Funding

Total funding
$8,100,000
Number of funding rounds
3
Funding round(s) amount(s)
Seed - $600,000, Venture - Series Unknown, Series A - $7,500,000
Last funding 
$8,100,000
Last funding date
9 December 2014
Last funding type
Series A
Funding Status
Series A

Online

LinkedIn
Twitter
Website
Public synopsis
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