Rapid grocery delivery service Milkrun is reducing its headcount by 20% and will consolidate the number of delivery hubs as founder Dany Milham sets up the business to survive into 2024 amid a hunt for additional capital. In a letter to staff today, Milham said that economic and market conditions are changing rapidly and they “need… Read more »
Rapid grocery delivery service Milkrun tried to raise additional cash twice in 2022, despite starting the year with $75 million from Tiger Global in a Series A last January, but couldn’t attract investors amid the financial failure of its rivals. The Australian reports that the Sydney startup touted its Series B pitch deck to potential backers… Read more »
Milkrun, the cashed-up market leader of three local fast delivery grocery services launched last year, is trimming its operations and hunting for more funds amid a broader economic downturn. The 10-month-old Sydney startup will cut overtime, reduce the use of casual employees and hopes that alcohol sales will boost margins and turn around ongoing losses.… Read more »
US VC giant Tiger Global Management has backed one of the multiple local startups hoping to carve out a slice of the rapid grocery delivery market, leading a $75 million Series A into Milkrun. Founded by Koala co-founder Dany Milham, the 10-minute delivery service only launched four months ago, having previously raised A$11 million in… Read more »
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