SAN FRANCISCO, CA - GrubMarket is a produce wholesaler that has effectively disrupted the industry through a seemingly endless string of acquisitions and investments. It seems those efforts have been recognized, as the company was recently named to the 2023 CNBC Disruptor 50 list.
"We are proud to be among the select few recognized on the 2023 CNBC Disruptor 50 list," said Mike Xu, Founder and Chief Executive Officer. "Our inclusion is a reflection of our team's hard work and incredible dedication to digitizing the food supply chain in order to create a more sustainable and equitable food system. As we continue to build on our trajectory as a mission-driven technology enabler and driver of digital transformation for the food industry, we will cement our position as one of the world's fastest-growing and most profitable food tech companies for years to come."
This honor comes on the heels of a remarkable period of growth that includes several significant milestones, a press release explained. These include launching the transformative GrubPay payment platform, establishing GrubMarket's Sustainable California initiative, and surpassing $1.5 billion in revenue while improving on profitability in 2022.
The CNBC Disruptor 50 list highlights the most forward-thinking and ambitious companies that are changing their industries for the better. GrubMarket joins a group of companies that have been featured on the list over the years. All submissions were subject to a comprehensive process of research and evaluation across a wide range of criteria, as well as feedback from CNBC's editorial staff and a global pool of entrepreneurial experts.
Congratulations to GrubMarket on this high honor!
