Blue Apron believes its cash and borrowing capacity will be sufficient for at least a year, it said in its revised deal prospectus after lowering its IPO price range.

That's crazy they only have a year's worth of runway. I'd imagine that today's tepid IPO is going to make it that much harder to raise additional private capital. Looks like they'll have to take on additional debt financing just to keep the lights on, let alone fuel more growth.

That seems to be backed up by the final paragraph:

With its reduced IPO, Blue Apron no longer intends to pay down existing debt with the proceeds, according to its deal filing. Instead, the funds will all go toward working capital, capital expenditures and general corporate purposes.

If you didn't catch it, there was an excellent discussion about Blue Apron the other day: https://news.ycombinator.com/item?id=14646679