Grocery delivery start-up Voly slashes operations as tech sector slumps
Instant grocery delivery startup Voly has slashed the number of staff in its head office, jettisoned its promise of 15-minute deliveries and closed half its warehouse sites as similar companies abroad struggle, prompting questions about the viability of their business model.hoping to upend the $100 billion annual supermarket sector by having the riders it employed swiftly bring items from a network of mini-warehouses in inner-city suburbs to customers at retail prices.
“[Co-founders] Mark and Thibault had been really open with us the Friday before,” the staffer said. “They said: ‘the changing startup landscape is making it difficult to raise funds, we’re meeting with investors on Tuesday, we’ll let you know how it goes.’ And then on Wednesday we were all let go.” Of the three companies that launched last year hoping to conquer Australia’s grocery market, Send has collapsed and Voly has made deep cutbacks. Milkrun founder Dany Milham declined to comment.The company’s Crows Nest, Manly, Maroubra and Alexandria warehouses have closed, the former staff member said, leaving only three or four stores in the city and surrounding suburbs while a planned expansion to Melbourne appears to have been shelved.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Grocery delivery startup Voly slashes operations as tech sector slumpsInstant grocery delivery startup Voly has slashed the number of staff in its head office, jettisoned its promise of 15 minute deliveries and closed half its warehouse sites. nickbonyhady
Read more »
Grocery delivery startup Voly slashes operations as tech sector slumpsInstant grocery delivery startup Voly has slashed the number of staff in its head office, jettisoned its promise of 15 minute deliveries and closed half its warehouse sites. nickbonyhady
Read more »
How to survive and thrive through tech’s dark timesThe co-founder of fast-growing start-up Mr Yum says a market correction has put countless tech companies in Australia in the toughest position they’ve ever faced.
Read more »
Charities hopeful as Labor pledges to remove ‘gag clauses’ banning groups from political advocacySector breaths ‘sigh of relief’ as Albanese government tries different approach to Coalition’s combative attitude
Read more »
Russia blocks Telegraph website over Ukraine reportingNewspaper accused of ‘disseminating false information’ about Russia’s so-called special military operation
Read more »
Queensland budget’s record health spending meaningless without wages boost, unions sayPressure grows on state government to increase public sector salaries to meet cost of living
Read more »