2023-04-18
Industry
Food & Beverage
Headquarters
Victoria, BC
Employee Count
1 full-time and 6 part-time
Year Founded
2020
Amount raised
$375K pre-seed
Business model
DTC, wholesale direct, wholesale distribution
Early traction
Raving customer reviews, 60% DTC gross margin, launched on Amazon and sold out in 8 days
Investors
For over a century, Oreo has been the go-to cookie for millions of households.
The cookie’s taste and versatility make it easy to get carried away, by:
Dunking dozens of cookies in milk to test the perfect ratio.🥛
Devouring half a batch of slutty brownies.👩🍳
Separating the cream from each cookie to make a sugar snowball. ❄️
It’s all fun and games until the sugar rush kicks in. 🤯
This week’s company has created a sugar-free version of the world’s most famous cookie.
We consumed two boxes while writing this feature, and we can confirm that there was no sugar high.
Sundays makes creme cookies with zero sugar.
Bulleted Version
🍪 Filling a market need: The growth of the $5b sugar-free cookie market is driven by demands for cleaner, functional products and product innovation that sustains taste.
A massive market combined with Oreo’s outperforming customer retention metrics sets Sundays up for success.
🤩 Brand recognition: With bold, nostalgic packaging and familiar products, Sundays builds brand recall, which will help the company bring in repeat customers and launch new products.
⏰ Cookie timing: After Oreo Zero’s unsuccessful launch in China, the cookie giant will likely refrain from launching the zero-sugar alternative in new markets.
Sundays has an opportunity to create a leading sugar-free creme cookie in North America as Oreo invests elsewhere.
😳 Taking on the giant: It’s no easy task to recreate the well-funded, fan-favorite, and innovative cookie that brought in $4b in sales in 2022.
🛒 Crowded aisle: Sundays competes with health-focused cookie brands, creme cookie alternatives, and CPG conglomerates for high-demand shelf space.
🍳 Oreos for breakfast? Sundays must educate consumers on the nutritional benefits of its creme cookies to shift the connotation of the cookie from an indulgent dessert to a health-conscious snack.
Highkey: backed by Maximum Effort
Catalina Crunch: backed by Blue Collective, Prehype
WhySundays
Why Sundays: With three years of R&D to reimagine a popular product, consumer adoption of no-sugar products at an all-time high, and an eye-catching brand to compete on the shelves, Sundays is on track to make its Oreo Zero a sweet success. 😋
*Nothing in this content constitutes investment or legal advice. Conduct independent diligence and consult professional advisers before making investment decisions.*
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