News

17.04.2026, 13:00
This startup brings in $162 million a year helping people find food at huge discounts: It’s ‘the most genius app’

Too Good To Go makes $162 million a year from food nobody wanted — and Moldova's food businesses are still leaving money on the table

 

When surplus becomes a revenue stream, the question isn't whether the model works — it's who builds it first.

 

Global food waste costs the world $1 trillion per year, according to World Bank estimates, and one Copenhagen-based startup decided that number was a business opportunity rather than just a statistic. Too Good To Go, founded in 2015, brought in just under $162 million in revenue last year by doing something deceptively simple: connecting food retailers with customers willing to buy surplus stock in mystery bags priced between $3.99 and $9.99 in the U.S. market. The company takes $1.79 per bag and charges retailers an annual membership fee of $89. With nearly $158 million in investment funding and 100 million users across 19 countries, it has turned the economics of unsold inventory into a platform business.

 

The obvious read is that this is a sustainability story. The deeper read is that it is a margin story. Retailers on the platform do not get rich from discounted bag sales, but they recover something from inventory that would otherwise generate zero return — and, as Delish Bakery owner Susan Prunty noted about her location in Medford, Oregon, some of those discount customers convert into full-price regulars. CEO Mette Lykke, who co-founded fitness startup Endomondo before it was acquired by Under Armour for $85 million in 2015, was direct about the tension at the center of the business: the company earned $8 million last year before subtracting one-time costs, but has not posted a profitable year, choosing instead to reinvest into geographic expansion and acquisitions. Her framing — "having a great idea is only 10% of getting there; the rest is execution" — is not a motivational slogan. It is a description of why most businesses with sound concepts still fail.

 

For operators in Moldova's food sector — restaurants, bakeries, small catering businesses, market vendors — this model surfaces a question that rarely gets asked out loud. The country has a developed food culture, active hospitality, and a consumer base that is genuinely price-sensitive. End-of-day surplus in any of these businesses is a daily reality, and right now most of it is either discarded, consumed by staff, or absorbed as an untracked loss. There is no local infrastructure equivalent to Too Good To Go, and venture capital has not arrived to build one. That gap is the actual story.

 

The mechanics here are transferable even without a platform. A bakery owner in Chisinau does not need an app with 100 million users to run a last-hour discount on unsold pastries — they need a repeatable system, a communication channel with regulars, and a price point that recovers more than zero. The same logic applies to a restaurant moving into the late evening with prepared food that will not keep, or a small grocery running close to expiry dates on perishables. What Too Good To Go industrialized at scale, individual operators can prototype locally with far less capital. The honest questions to sit with are these: What percentage of your daily food production currently generates no revenue at all? Do you have any system — even informal — for converting that surplus into something recoverable? And if a competitor in your city built that system before you, how long would it take you to notice the difference in their foot traffic?

 

Venture capitalists globally have poured more than $1 billion into food-waste reduction businesses, according to PitchBook data. That capital is chasing the same insight: that the distance between waste and value is often just a pricing decision made at the right moment. In Moldova, where margins in food service are structurally thin and consumer trust is built through consistency rather than marketing, a business that reliably offers good product at honest end-of-day prices earns something that paid advertising cannot buy.

 

Most operators in this space absorb daily surplus as an invisible cost and move on. A more deliberate approach starts with simply measuring it — knowing what leaves unsold each week is the first step toward deciding whether to price it, redirect it, or build something around it.

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