My Food Bag partly sold
Summary
Listening to articles is free for open-access contentexplore other articles or learn more about text-to-speech.Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.My Food Bag the grocery delivery service - founded by reality tv star Nadia Lim, former Telecom chief executive Theresa Gattung and Cecilia and James Robinson - has been partly sold to private equity group Waterman Capital.My Food Bag delivers a weeks worth of recipes and ingredients throughout New Zealand and in Sydney and Melbourne.Speculation earlier this week of a full sale valued the company at $80 million.Co-founder Cecilia Robinson described the deal as a partnership.As both companies were private no details on the size or value of the stake would be released, she said.