Company:Too Good To Go

From HandWiki
Short description: Mobile application
Too Good To Go
TypePrivate
IndustryMobile app
Founded2015 in Denmark
FoundersThomas Bjørn Momsen, Stian Olesen, Klaus Bagge Pedersen, Adam Sigbrand, Brian Christensen
Headquarters
Copenhagen, Denmark
Areas served
Europe and North America
Key people
Mette Lykke (CEO)
Number of employees
1378 (2022)
Websitetoogoodtogo.org/en

Too Good To Go is a service with a mobile application that connects customers to restaurants and stores that have surplus unsold food.[1] The service covers major European cities,[2][3] and in October 2020 started operations in North America.[4] As part of the initiatives taken on the International Day of Awareness of Food Loss and Waste to reduce food loss and waste, the app is suggested alongside OLIO among many others.[5][6]

In 2022 Too Good To Go was the fastest-growing sustainable food app startup by number of downloads.[7] As of August 2022, it claimed 164,000 businesses, serving 62 million users, have saved 155 million bags of food.[8] As of March 2023, it claimed to have saved over 200 million meals. [9]

History

The company was created in 2015 in Denmark by Thomas Bjørn Momsen, Stian Olesen, Klaus Bagge Pedersen, Adam Sigbrand and Brian Christensen.[10][11] In 2017, Mette Lykke (co-founder of Endomondo) joined as CEO.[11][12][13]

In February 2019, the company raised an additional 6 million euros in a new round of investment.[14] In August 2019, Too Good To Go was re-launched in Austria.[2] In September 2019, Too Good To Go acquired the Spanish startup weSAVEeat and merged it into its own brand.[2] In November 2019, the offer of Too Good To Go extended to plants through a partnership with the French retail plants company Jardiland.[15] In December 2019, Too Good To Go partnered with the French grocery retail stores Intermarché,[16] and donated 60K euros to the French charity Restaurants du Cœur.[17] In October 2021, Bonnie Wright teamed up with Too Good To Go to drive the initiative to reduce food waste.[18]

International expansion

Countries in which Too Good To Go operates as of September 2023[19][20]

(As of September 2023) the company serves Austria, Belgium, Canada, Denmark, the Faroe Islands, France, Germany, Ireland, Italy, the Netherlands, Norway, Poland, Portugal, Spain, Sweden, Switzerland, the United Kingdom and the United States.[19][20]

Purpose

The purpose of Too Good To Go is to reduce food waste worldwide. It developed a mobile application that connects restaurants and stores that have unsold, surplus food,[2][13] with customers who can then buy whatever food the outlet considers surplus to requirements—without being able to choose—at a much lower price than normal. The food on the app is priced at one-third its original price.[21][22] The company claims this reduces the waste of food that would otherwise be discarded;[23] food waste is a global problem that affects the environment. In three years active, the app reached more than 9.5 million users. As of 2022, more than 57.7 million users and 154,000 establishments have signed up, and 139 million meals have been collected.

In 2019, the company had 350 employees in Europe.[13] As of June 2023 the company was estimated to have 1,289 employees.[24][25]

Use

Food outlets must notify the TGTG company about what they have available on each day, stating what sort of food they have (baked foods, meals, produce, vegan food), and the price for a 'magic bag', whose contents they determine; the user cannot choose, but the original prices will be three or more times the TGTG price. Notification is made early based upon the quantity predicted to be left over, not at the end of a selling period.

Users must register to use the service. A mobile phone with an Internet connection running Android or iOS is needed. The user runs the TGTG app, which lists outlets available within a chosen distance and time range. The customer can then order and pay for a 'magic bag'. The supplier can cancel an order at any time if the expected surplus is not available—the purchaser is notified by text message—and the purchaser can cancel with two hours' notice. The phone must be taken to the food supplier in a specified pickup time window, often 30 or 60 minutes long, and the transaction is finalised by swiping the app[26]—connected to the Internet—to confirm collection.

References

  1. ↑ "7 best food waste apps for more sustainable eating habits" (in en). 2021-04-26. https://www.independent.co.uk/extras/indybest/gadgets-tech/best-food-waste-app-earth-day-b1835617.html. 
  2. ↑ 2.0 2.1 2.2 2.3 "Too Good To Go acquires a Spanish app to save 1.3B tonnes of food waste: Did you know these 5 things about the Danish tech startup". 6 September 2019. https://siliconcanals.com/news/startups/too-good-to-go-acquires-spanish-app-to-save-1-3b-tonnes-of-food-waste/. Retrieved 27 December 2019. 
  3. ↑ "How can retailers tackle food waste?". 27 May 2021. https://www.retailgazette.co.uk/blog/2021/05/retailers-food-waste-covid19-karma-toogoodtogo/. 
  4. ↑ Tanay Warerkar (2020-10-28). "Restaurant Food Waste App Too Good to Go Signs Thousands of Customers In First Month in NYC". Eater NY. https://ny.eater.com/2020/10/28/21537062/food-waste-nyc-too-good-to-go-restaurants-cafes. 
  5. ↑ "12 Apps Preventing Food Waste and Protecting the Planet" (in en-US). 2021-09-28. https://foodtank.com/news/2021/09/apps-preventing-household-food-waste-and-protecting-the-planet/. 
  6. ↑ "How technology can help avert food waste". ITU Hub (UN agency) (Press release). 2021-09-28.
  7. ↑ "Too Good to Go and Olio shine as Europeans flock to food waste apps". 29 March 2022. https://retailtechinnovationhub.com/home/2022/3/29/too-good-to-go-and-olio-shine-as-europeans-flock-to-food-waste-apps. 
  8. ↑ "Save Food - Help The Planet". https://toogoodtogo.com/en-us. 
  9. ↑ "TOO GOOD TO GO ANNOUNCES NEW GLOBAL MILESTONE: 200 MILLION MEALS SAVED". https://www.toogoodtogo.com/en-gb/press/200-million. 
  10. ↑ "Too Good To Go vil erobre verden" (in Danish). n.d.. https://cxomagasinet.dk/12-2017/too-good-to-go-vil-erobre-verden. Retrieved 2020-04-14. 
  11. ↑ 11.0 11.1 "Too Good To Go ansætter Endomondo-stifter som ny topchef" (in Danish). n.d.. https://www.food-supply.dk/article/view/456370/too_good_to_go_ansaetter_endomondostifter_som_ny_topchef. Retrieved 2020-04-14. 
  12. ↑ Clasper, James (31 August 2017). "Meet startup queen Mette Lykke". https://scandinaviantraveler.com/en/people/meet-startup-queen-mette-lykke. 
  13. ↑ 13.0 13.1 13.2 Flora Southey (4 September 2019). "Too Good To Go turns food waste into business: 'It really is a win-win-win concept'". https://www.foodnavigator.com/Article/2019/09/04/Too-Good-To-Go-turns-food-waste-into-business-It-really-is-a-win-win-win-concept. Retrieved 27 December 2019. 
  14. ↑ Mary Loritz (8 February 2019). "Copenhagen-based app Too Good To Go raises a further €6 million to eliminate food waste". https://www.eu-startups.com/2019/02/copenhagen-based-app-too-good-to-go-raises-a-further-e6-million-to-eliminate-food-waste/. Retrieved 27 December 2019. 
  15. ↑ Caussil, Jean-Noël (14 November 2019). "Jardiland adopte Too Good to Go" (in fr). https://www.lsa-conso.fr/jardiland-adopte-too-good-to-go,333296. 
  16. ↑ "Intermaché et Too Good To Go unis contre le gaspillage alimentaire" (in fr). 18 December 2019. https://ac-franchise.com/article/intermache-et-too-good-to-go-unis-contre-le-gaspillage-alimentaire. Retrieved 27 December 2019. 
  17. ↑ "L'appli Too Good To Go verse 65.000 euros aux Restos du Cœur" (in fr). 3 December 2019. https://www.europe1.fr/societe/recompensee-par-europe-1-lappli-too-good-to-go-verse-65000-euros-aux-restos-du-coeur-3935029. Retrieved 27 December 2019. 
  18. ↑ Everett, Helena (2021-10-16). "Bonnie Wright Teams Up with Food Waste App Too Good to Go" (in en-US). https://www.mugglenet.com/2021/10/bonnie-wright-teams-up-with-food-waste-app-too-good-to-go/. 
  19. ↑ 19.0 19.1 "Too Good To Go". https://www.toogoodtogo.com/?noredirects=true. 
  20. ↑ 20.0 20.1 Too Good To Go app
  21. ↑ Amanda, Silberling (2021-09-23). "Nosh uses AI to help people and businesses cut down on their food waste" (in en-US). https://social.techcrunch.com/2021/09/23/nosh-uses-ai-to-help-people-and-businesses-cut-down-on-their-food-waste/. 
  22. ↑ Silberling, Amanda; Mizukoshi, Akihito (2021-09-25). "AIで食料品の消費と廃棄の習慣を学習し、食品廃棄物の削減を支援する「Nosh」" (in en-US). https://jp.techcrunch.com/2021/09/25/2021-09-23-nosh-uses-ai-to-help-people-and-businesses-cut-down-on-their-food-waste/. 
  23. ↑ "Too Good To Go: The app that helps Europeans fight food waste". 29 September 2022. https://www.euronews.com/2022/09/29/too-good-to-go-the-app-that-helps-europeans-fight-food-waste. 
  24. ↑ "Too Good To Go Human Capital". Craft. 1 June 2023. https://craft.co/too-good-to-go/human-capital. 
  25. ↑ "Too Good To go Revenue, Competitors and Alternatives". https://growjo.com/company/Too_Good_To_Go. 
  26. ↑ "Too Good To Go App – How It Works". 11 March 2021. https://jordoncox.com/too-good-to-go-app/. 

External links



Retrieved from "https://handwiki.org/wiki/index.php?title=Company:Too_Good_To_Go&oldid=3480330"