Blue Apron Found a Recipe for Growth

Food delivery startup Blue Apron filed for an IPO on Thursday. The company that delivers fresh ingredients for meals to be home-cooked was valued at $2 billion in its latest funding round. As our chart illustrates, the New York City-based startup is unprofitable as of yet but appears to have found a recipe for explosive growth.

Blue Apron’s revenue increased more than tenfold between 2014 and 2016 and could pass the billion-dollar mark this year. According to its S1 registration filing, the company delivered more than 159 million meals in the United States since its inception in 2012.