Documented cause
Maple launched in New York in 2015 with David Chang (Momofuku) as a co-founder and culinary partner, promising professional chef-prepared lunches delivered in 30 minutes. The price point — $12 for a lunch — was positioned between fast food and full-service restaurants. The business required owning kitchen preparation and delivery operations in Manhattan, with high real estate and labor costs. Delivery was limited to a specific Manhattan geography. The combination of premium kitchen costs, NYC delivery labor and the price resistance of frequent lunch customers produced negative unit economics. Maple shut down in May 2017, and its technology team was acquired by Deliveroo.
Alternative account: Maple was founded in 2015 by Caleb Merkl and Akshay Navle in New York with the backing and celebrity association of David Chang (chef and founder of the Momofuku restaurant group). Maple was positioned as the premium alternative to commodity food delivery: restaurants and culinary teams would cook real food from quality ingredients, and Maple would deliver it hot to Manhattan offices within 20 minutes, priced at $12 per meal for lunch. The company raised $29M from SoftBank, Box Group, and other investors. The model required Maple to employ kitchen staff in New York City (one of the most expensive labor markets in the world), source quality ingredients, maintain kitchen real estate in Manhattan, employ delivery staff, and absorb the overhead of a food safety and logistics operation. Customers were paying $12. Maple's actual cost per delivered meal — fully loaded with New York kitchen labor, ingredients, rent, and delivery — exceeded $12 at every utilization level tested. The company operated only in Manhattan, limiting the density ceiling. After two years of attempting to improve the economics without success, Maple shut down in May 2017. The company had served hundreds of thousands of lunches but never achieved sustainable economics. David Chang's Momofuku briefly explored continuing the concept but also moved on.