Hungryroot Posts 55% Revenue Growth, Eyes Potential 2026 IPO

With software and other sectors melting down at the merest hint of AI disruption, businesses that sell food and other consumer goods are finally getting some love. That’s good news for venture-backed companies like Hungryroot, which could benefit from investors’ desires to AI-proof their portfolios.

Hungryroot, which offers an app for ordering healthy groceries and makes its own line of products such as sauces and smoothies, is preparing for an initial public offering that could take place as soon as this year, a person familiar with the plans said. The company grew its net revenue 55% to $700 million last year and is currently profitable, in part by leaning into broader consumer demand for healthy food products.