It's official, San Francisco based on-demand food service Sprig has finally closed up shop after over 4 years in the industry. Sprig a pioneer in the on-demand food service industry has fallen on hard times lately as revenues have dried up in the face of more competition and less funding.
Over the past few months it has tried to improve its business model and try new avenues including opening up a walk in store and also having its food delivered through other on demand services. At its peak sprig had close to 1,000 employees in multiple cities and had funding of close to $60 million dollars, but as of late it was down to only 200 which have since been all laid off but will end up receiving some severance.
Sprig is not the first on-demand food service to shut down nor will it be the last. Earlier this month Maple shut down and lately Munchery another large competitor in the space has been running into problems of its own. The constant change in the industry as well as consumers expectations make it a very difficult niche to survive in.
What was once a simple niche industry of on-demand service has now expanded to include services such as blue apron and a brand new service by Ayesha Curry where ingredients are delivered directly to your home along with recipes, and Instacart which delivers groceries directly to your door from local stores.
While we, just like many others are sad to see Sprig go, we do look forward to the ever changing on-demand industry and are excited to see what the future brings us.
