The PareUp app connects consumers to restaurants and grocery stores with excess food, before they throw it away.
The excess food at supermarkets and restaurants often ends up getting thrown away even when they’re still good to eat. About 30 to 40 percent of the food in the US gets wasted and wasted food costs everyone money. Wasted food doesn’t help the environment either since most of the trashed food end up in landfills. Furthermore, throwing away excess food doesn’t just waste the food itself, but it also translates to wasting the natural resources and materials that went into producing the food.
PareUp is an app designed to help reduce the amount of food that goes to waste. It is a mobile marketplace that connects people to restaurants and food stores that have excess food so that consumers can buy the food from these places before the stores throw them away. The restaurants and grocery stores can sell the food at a discounted price.
Founded by Margaret Tung, Jason Chen and Anuj Jhunjhunwala, PareUp aims to tackle the issue of food waste in a unique way by making it a win-win situation for the parties involved.
Through PareUp, shops and businesses can cut down on their waste and losses by earning from products that wouldn’t typically sell, and people can save money by purchasing this excess food. In addition, both parties contribute in a way to saving the environment by reducing the trash that goes into it.
The app will have an inventory of each of the participating store’s products and each day the retailers can update the inventory and report its excess items. They will also be able to set the discounted price for their goods. Consumers can go into the app to see what items are for sale each day, and it will be up to them if they want to participate in the food sale.
The app will be free for download for both consumers and retailers, and PareUp will take a small percentage of each sale.
The app is set to launch in the summer. PareUp has already partnered with a few retailers in New York City, including Breads Bakery, Oslo Coffee Roasters, and PushCart Coffee.