News & Analysis

Blue Sky, the $2.8 billion fund manager backing Australian startups, is in receivership

- May 20, 2019 2 MIN READ

ASX-listed investment fund Blue Sky (BLA) has been placed in receivership over a $50 million loan to US financier Oaktree Capital Management. In a statement to the ASX today, KordaMentha said it had been appointed receivers and managers to Blue Sky Alternative Investments Ltd as the business was in breach of a financial covenant relating… Read more »


Vinomofo prepares to dominate the Asian market as part of its dramatic expansion plans

- December 11, 2015 2 MIN READ

Vinomofo, one of Australia’s fastest growing startups, has changed the way that Australian consumers think about wine and purchase it. Since Justin Dry and Andre Eikmeier founded the company in 2011, it has garnered 400,000 members and 75,000 active customers – which is perhaps the most important number that the pair take notice of. In this financial year, the business is set to exceed over $50 million in revenue, with Dry saying that the business is now growing at 100 percent year on year.


Vinomofo gets mainstream recognition with Online Retailer of the Year award

- July 28, 2015 2 MIN READ

From having to change their name just before launch to their acquisition and subsequent buyback from The Catch Group, Vinomofo’s road to success has been well documented within the Australian startup community. Now the mainstream online retail industry is taking notice, with the startup taking out three awards at last week’s Online Retail Industry Awards (ORIAs), including the top prize of Online Retailer of the Year.


BeerBud brewing the perfect alcohol war

- August 20, 2014 2 MIN READ

An alcoholic retail war is brewing between some of Australia’s best online beer and wine stores. This comes as no suprise with Sydney’s strict lockout laws for bars alongside reduced trading hours for bottle shops that are pushing thirsty crowds towards staging their own parties with unlimited BYO.