DHDL start-up Kuchentratsch is insolvent

In 2018, Carsten Maschmeyer invested 100,000 euros in the startup, and now the company has filed for insolvency proceedings.

Kuchentratsch sold baked goods baked by elderly people at home. According to Business Insider the start-up, known from the show "Die Höhle der Löwen," is now threatened with closure.

Founder Katharina Mayer had big plans not so long ago. She runs a bakery in Munich with an online store. What makes it special is that more than 50 seniors create the cakes, giving them the opportunity to share and socialize. According to its own data, there was a turnover of more than 800,000 euros in 2021. Still in April, the start-up collected 234,000 euros via a crowdfunding campaign in which 130 small investors participated. This was to finance an "experience bakery." Mayer promised investors an annual return of six percent, in cake form, for a seven-year term. That would correspond with 2,000 euro four cakes. Carsten Maschmeyer had already invested 100,000 euros in the Vox show.

"My heart is broken," writes the 33-year-old founder at Linkedin about the insolvency. "The overall tense situation in the economy has also hurt us and the campaign was not as successful as it needed to be," she continues. The hope, according to the company, is that the closure is only temporary.