Lyt Meals, a meal subscription marketplace launched in 2022, occupies a distinct niche by connecting culinary enthusiasts, home chefs, and small food vendors directly with consumers seeking meals on a subscription basis. It diverges from typical food delivery services through its robust business model centered around service subscriptions. Vendors subscribe to the platform to access a broad audience, leveraging tiered benefits like marketing support, enhanced visibility, and data analytics for growth. Additionally, Lyt Meals charges commissions on all meals ordered via its platform.
The user base is split between urban millennials and working professionals who seek authentic food experiences. The platform offers a seamless experience through its app and website, enabling consumers to explore diverse and often undiscovered food options conveniently. On the vendor side, Lyt Meals attracts home chefs, small-scale food businesses, and established brands, providing an ecosystem for building their presence and accessing consumer analytics.
Technology underpins Lyt Meals' operations, with a robust platform managing orders and providing dashboards for customers and vendors to manage their services. The marketplace's user-friendly interface and reliable backend ensure smooth transactions and service delivery. Continuous investment in tech infrastructure aims to retain existing customers and attract new ones.
Financially, Lyt Meals has seen growth in both user base and revenue since its inception. While exact figures are undisclosed, the subscription model facilitates a steady income stream complemented by event-driven revenue spikes. This model supports sustainable growth and future investments, positioning Lyt Meals as a significant player in the food tech marketplace.
Flippa’s platform is free for buyers. Here are our tips for first-time buyers:
Before making an offer
1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:
2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction report.
3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.
4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.
5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.
1. Agreements & Contracts.
Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.
2. Conduct Due Diligence.
You can conduct this yourself, or use our new official due diligence service. We provide a deep analysis, identify hidden risks, and independently assess the value of the business. Packages start at $1,000. Learn More