Ledger. Australian venture funding, tracked

Startup · $3.1m raised

Send

Sydney, NSW

Coverage

Stories naming Send. 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

Exit / M&A

Milkrun is back from the dead after Woolworths brand acquisition

Woolworths has bought the collapsed grocery delivery brand Milkrun and will rebrand its Metro60 service under the name, while other food delivery startups including Voly, Providoor, SEND and CoLab have also shut or been acquired.

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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.

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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

4 deals

Sydney gourmet food marketplace ChefPrep is in administration, 7 months after rebranding as CoLab after acquiring its Melbourne rival

Gourmet food marketplace ChefPrep, rebranded CoLab after buying its Melbourne rival, has entered voluntary administration with EY appointed, despite earlier angel and seed raises, as creditors meet and a sale process begins.

4 deals

Cafe ordering app merges with Sydney courier service

Sydney courier firm Drive Yello and cafe ordering app Hey You have combined as 4You Innovation, aiming to raise funds next year; the piece also recalls past raises and recent collapses among delivery startups.

Also Startup Daily

Funding announcement

Yabonza collapses into liquidation as the Aussie tech sector continues to feel the heat

Proptech firm Yabonza has entered liquidation with administrators appointed and creditors owed millions. The piece recalls its past backers and 2020 purchase of Easyshare, plus other local tech collapses and layoffs.

Also Startup Daily

4 deals

Turnbull-backed medtech startup HealthMatch makes half its staff redundant

Clinical trials matching startup HealthMatch halves its team, shedding 18 jobs, 18 months after a Square Peg-led raise. The piece also recalls funding for Volt and Milkrun and reports the closures of Volt and Send.

Also Startup Daily·Startup Daily·SmartCompany

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

Unnamed stage $3.1m

Grocery delivery startup SEND collapses into voluntary administration

Grocery delivery app SEND has entered voluntary administration with Worrells appointed; the article recalls its 2021 raise backed by Cherry Ventures and FJ Lab.

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43 deals

Ignition Lane's Weekly Wrap: The Great Reengagement, backing Web3, riding the markets & the big local raises

Ignition Lane's weekly tech roundup: AirTree raises $700m across three new funds, dozens of Australian startups announce rounds, a wave of acquisitions including Block completing its Afterpay buy, plus Web3 commentary and US market moves.

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