PBN 2024 Fastest Growing Companies Awards
$15 MILLION to $50 MILLION:
1. Feast & Fettle Inc.
CEO (or equivalent): Carlos Ventura
2023 Revenue: $25.1 million
2021 Revenue: $9.3 million
Revenue growth: 169.4%
FEAST & FETTLE INC. WANTS TO HELP solve the age-old dilemma of what’s for dinner, especially for anyone trying to balance a job, family and general life obligations with the need to get healthy, good-tasting food on a table.
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Part meal delivery kit, part take-out, Feast & Fettle, the East Providence-based meal delivery company, brings meals, which simply need to be reheated in the oven or microwave, to doorsteps across Rhode Island and beyond.
“Feast & Fettle stands out for our commitment to quality, authenticity and member loyalty. We prepare meals from scratch using fresh, locally sourced ingredients, ensuring they taste like home-cooked meals,” company Director of Brand Sarah MacDougall said. “Our personalized approach helps us build genuine relationships with our members, tailoring our services to meet their unique needs. We do more than just cook food; we’re a supportive partner dedicated to improving the wellness of our members and their families.”
It’s been a winning combination for the company founded by executive chef Maggie Mulvena Pearson in 2016. Feast & Fettle grew revenue by 169.4% from 2021 to 2023, opened a commercial kitchen and expanded from its Rhode Island roots to now serve communities in Boston, Maine, New Hampshire and down the Northeast coast, reaching almost all of Connecticut and several counties in New York and New Jersey. Chances are you’ve spotted one of their matte black delivery vans in your neighborhood.
Feast & Fettle’s basic format is similar to other popular meal delivery services, such as Hello Fresh or Blue Apron, but with a few key differences. Mulvena, who worked as a personal chef and nanny while she was attending Johnson & Wales University, realized how important and yet challenging it could be for busy families to eat well.
While many meal-kit services deliver ingredients with instructions to make meals, Feast & Fettle delivers fully prepared meals that were cooked within one day of delivery in its own kitchen. The company manages the entire process of the meal kits, from selecting ingredients to cooking to delivery.
Unlike other delivery services, Feast & Fettle’s model doesn’t require manually opting out to skip a week; instead, clients simply order meals when they want, which means there is less chance of wasting food or money.
Like many companies, Feast & Fettle faced a number of challenges during the COVID-19 pandemic. Still, as the pandemic shifted how many people shopped and ate, the meal-delivery industry as a whole saw massive growth. In 2020 alone, according to The Washington Post, the meal-kit market grew by 68.5%.
While that growth rate has slowed, Feast & Fettle has retained many of the members it acquired during the pandemic. The company believes it is due to an appreciation of the quality of its food and the lasting value the company is able to provide.
In addition to expanding its delivery footprint, Feast & Fettle has also launched new plan types, allowing its clients to capitalize on larger orders or bundle menu items, which the company says has also driven revenue growth. Prices vary with plans for singles, couples and families, as well as add-on options for breakfasts and even children’s meals.
That growth and member retention allowed Feast & Fettle to expand its kitchen space, upgrade equipment, replace vans and hire more people. All of that has contributed to its smooth and efficient operations. It also means that the company has been able to donate more to its partner, North Kingstown-based Edesia Inc., which gets $1 for every order placed to combat child malnourishment worldwide.
“We are optimistic about Feast & Fettle’s economic outlook. As demand for high-quality, convenient meals continues to grow, we plan to expand to Nassau County [N.Y.] this fall and Brooklyn in January 2025 while continuously improving the member experience,” CEO Carlos Ventura said. “By maintaining our high standards and personalized approach, we ensure sustainable growth that meets our community’s needs.”
