A few weeks ago it was announced that the baking startup Cake gossip is facing closure. The social enterprise, which sold cakes baked by grandmas and grandpas, had previously been able to Crowdfunding campaign successfully, but the funds raised were not sufficient, as Kuchentratsch founder Katharina Mayer on LinkedIn explained:
"The overall tense economic situation has also hurt us, and the campaign wasn't as successful as it should have been. The pandemic has hit us hard; when special protection and caution are required, that also has consequences."
Save the idea
A renewed commitment by the existing shareholders was also out of the question, and an agreement with potential new investors failed. As Gründerszene was able to learn, Carsten Maschmeyer – who invested in Kuchentratsch in 2018 as part of the TV show “Die Höhle der Löwen” – will pass on his shares for a symbolic euro.
“Above all, I hope that Kuchentratsch or simply the idea can be saved, because it is so much more than just baking cakes,”
Meyer continued on LinkedIn.
Restructuring success in sight
This wish could now come true. Because the TZ claims to have learned upon inquiry that insolvency administrator Max Liebig has received several binding offers for a takeover. According to this, Kuchentratsch is to be provided with a partner with whom the Munich startup can mitigate the effects of the coronavirus pandemic and implement new ideas. Max Liebig continues:
"It is particularly important to us to maintain this social function of the company. I am currently very confident that a final restructuring success can be announced in the coming weeks."
Kuchentratsch was founded in 2014 with the idea that seniors could earn extra money for their retirement and make new friends by baking cakes. In addition to cakes that could be ordered online, the social enterprise expanded its portfolio over time to include baking mixes and baking books, among other things.
