When rapid grocery delivery service Milkrun shut down suddenly last month, many acknowledged the impact that startup had on improving a moribund sector dominated by lethargic supermarket giants. Founder Dany Milham said at the time “I believe the impact that the Milkrun team had on the industry will be long lasting”. The startup certainly had… Read more »
Sydney-based startup MilkRun made a big splash with its promise to deliver groceries within ten minutes, raising more than A$85 million from some of the biggest names in Australian venture capital, including Atlassian billionaire Mike Cannon-Brookes. MilkRun’s co-founder and chief executive Dany Milham had already found success with fast-delivering mattress company Koala. Less than a… Read more »
The dream is over for rapid delivery startup Milkrun, which shuts down this week after 18 months of operations, having raised $86 million in the last two years. Cofounder Dany Milham emailed staff today after the Easter break to say “we have made the difficult decision to wind down the business, and as a result,… Read more »
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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