The Ledger
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Basch: Nestlé prioritizes speed and cost over nutrition and the environment
“At Nestle, it's all about how can we produce faster and cheaper? And, you know, there is nothing around how can we improve the health of our consumers? How can we make it better for the environment? How can we make the food more nutritious?”
Basch: Scaling meant achieving country-level profitability within 16 to 24 months
“And, you know, it was always the same mindset, is a country will become profitable between 16 and 24 months, and then it will pay for the next one.”
Basch: 40% of global food is wasted, generating 10% of emissions
“Today we throw away 40% of the food we produce on the planet, that this is responsible for about 10% of greenhouse gases emission, and that still nearly a billion people go to bed hungry every night.”
Basch: Too Good To Go takes a $1.79 cut on a $5.99 bag
“So, one 79 goes to Too Good To Go, and everything else goes back to the store.”
Basch: 50% of Too Good To Go European volume comes from supermarkets
“I mean, in Europe, 50% of the food we save every day comes from grocery partners in supermarkets.”
Basch: Too Good To Go reached 12,000 US stores and 4M meals saved
“Today, you know, just a couple of years later, we are in 12,000 stores in the U.S. 12,000 stores. Yeah, so we've already saved more than four million meals in the U.S.”
Basch: Too Good To Go reached 75M global users in seven years
“And in seven years, we managed to launch the concept in 17 countries. Yeah. We saved several hundred millions of meals with the app. We have more than seventy-five million consumers in the world”
Basch: Too Good To Go rescues three meals every second
“And, you know, today we save three meals every second.”
Basch: Too Good To Go acquired shelf-rotation startup Coda Bene
“We just acquired a company called Coda Bene that helps grocery stores to really do their shelf rotation in a smarter way.”