Ledger. Australian venture funding, tracked

Company

Quicko

Delivery startup that promised deliveries within two hours

Sydney, NSW

Coverage

Stories naming Quicko. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Exit / M&A

Did nobody say Menulog? Pioneering Australia food delivery service shuts after 19 years

Menulog, the Sydney-founded food delivery pioneer, shuts down this month under owner Just Eat Takeaway, recently acquired by Prosus; the article recalls its 2015 merger and sale and a string of failed delivery rivals.

Also Startup Daily

Series A $75m

Milkrun collapse: Instant delivery startup lays off remaining staff and plans to close doors this week

Instant grocery delivery startup Milkrun is winding up, with co-founder Dany Milham telling staff trading ends this week. The article recalls its $75 million Series A backed by AirTree, Grok Ventures and Skip Capital.

Also Forbes Australia·Startup Daily·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·SmartCompany·AgFunderNews·Forbes Australia

Funding announcement

“It f*cking rocks and this sucks”: Gourmet ready-meal service CoLab calls in the administrators

Ready-meal platform CoLab has entered voluntary administration after a financing round collapsed, with EY partners appointed; the piece also recalls failures across Australian food delivery, including Deliveroo Australia, Voly, Send and Quicko.

Also AgFunderNews·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily

5 deals

Ignition Lane's Wrap: the state of Cloud, VC advice, Tiger stripes, cattle class crypto, M&A fires up

Weekly tech wrap: cloud-market trends, Tiger Global's cheques into Stake, Shippit and Carma, new VC funds, several acquisitions, grocery delivery startups Send and Quicko collapsing, and Elaine Stead joining M8 Ventures.

Also Startup Daily

Exit / M&A

After the collapse of SEND and Quicko, can rapid grocery delivery businesses survive in Australia?

Analysis of why rapid grocery delivery startups SEND and Quicko have shut down, with a retail academic explaining the tough economics facing remaining players Milkrun and Voly against major retailers and meal apps.

Also Startup Daily·SmartCompany·SmartCompany·Startup Daily

Something wrong? Tell us