Sun Basket, the meal kit service that delivers weekly recipes with organic ingredients, has just picked up a $9.2 million investment from Unilever’s venture capital business and other investors, according to a press release put out by the two companies.
The meal kit service has hired Bank of America and Jefferies Group to lead an initial public offering that could value the company at $1 billion, Bloomberg reports.
“We have been really impressed by Sun Basket’s extremely fast growth and category leading customer retention rates,” said Olivier Garel, head of Unilever Ventures, in a statement. “Over a relatively short period of time, Sun Basket has built a clear leadership position as the best healthy, organic meals service platform, addressing consumers’ growing demand for healthy, tasty, diet-specific but convenient solutions.”
Sun Basket intends to use the latest round of funding to help scale its business nationally. The service operates facilities on…