• Gousto, a London-based meal kit delivery startup, reported revenue growth of 67% YoY to GBP 315 million (~USD 393.8 million) in FY2021. The company reported that it had sold 90 million+ meals in 2021 compared to 53 million meals the previous year. EBITDA was up 10% YoY to  GBP 20 million (~USD 25 million) in FY2021, while net cash from operations reported growth of 136% YoY to GBP 37 million (~USD 46.3 million). 

<ul><li>The company further stated that the success of 2021 was attributable to a number of initiatives that it managed to carry out over the past year. This was 1) increasing the headcount by ~40% to 1,625 by the end of 2021; 2) significant investment to improve automation in its production facility based in Cheshire, expected to be operational in 2022; and 3) having raised capital early this year to execute its growth strategy.</ul>

• Additionally, Gousto aims to reduce its carbon footprint in terms of food wastage and carbon emission per meal consumed. As a result, the company joined the “The UK Plastics Pact,'' a collaborative initiative that aims for 100% reusable, recyclable, and compostable plastic by 2025. As a result, in 2021, the company reported that 58% of Gousto own-brand stock-keeping units were made from recyclable packaging and that 100% of  Gousto boxes are made from recycled material. Additionally, the company partnered with Xampla, a natural packaging expert, to create edible packaging, made from pea protein, claimed to be the world’s first, considered to be an alternative to plastic sachets.