Grove Collaborative
Consumer goodsUSA
📉 Public < $1B
Peak $1.9 BillionToday
~-98%
from peak
- 🦄Became a unicorn2021
- 📈Peak valuation$1.9 Billion ’22
- 💔Became a Unitard2022
- 💸Last valuation~$38M
Current status
Public ~$37M; delisting risk
How it happened
Grove Collaborative is a sustainable consumer-goods retailer that reached a roughly $1.9B valuation and went public via SPAC in 2022. Slowing subscriber growth and steep losses crushed the stock, leaving a market cap near $37M (~-98% from peak) with delisting risk, far below its former unicorn status.
Source: Modern Retail