Voly

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.

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Seven Aussie startups that raised $11.8 million this week

Roundup of seven Australian startups whose raises total $11.8 million, spanning cybersecurity, proptech, seaweed, drinks, antiques, campervan housing and outdoor advertising, plus a government grant to Fremantle Seaweed and the shutdown of Voly.

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Asian VC Sequoia India selects two Australian startups for its accelerator after rebrand and split from US

Peak XV, the former Sequoia India, has picked Relevance AI and Mercu for the ninth Surge cohort, while recalling earlier Australian investments including HealthEngine, Checkbox, Nugit and the collapsed delivery firm Voly.

Our Cow launches same-day delivery for Sydney customers; reveals national expansion plans

Meat subscription startup Our Cow rolled out Sydney same-day delivery, recalled a Birchal crowdfunding raise above $2 million, and disclosed acquisitions of VOLY's assets and Brisbane Valley Farm Direct's online business.

Online health brands startup Eucalyptus picks the online meat off the bones of Jenny Craig collapse

Eucalyptus buys Jenny Craig's online assets out of administration while stores shut; the health startup's recent raise and earlier rounds are recapped, alongside other distressed-brand acquisitions.

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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BoozeBud calls last drinks, placed in voluntary administration

Online liquor retailer BoozeBud entered voluntary administration on May 2, with William Buck halting sales and exploring a sale; the article also recalls its earlier ownership changes and other failed delivery startups.

Providoor is the latest food delivery startup to go belly up

Shane Delia's meal-order platform Providoor has gone into liquidation after three years, with RSM appointed; the article also recalls collapses at Milkrun, Send and Voly, plus Efoodz buying CoLab's assets.

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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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“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.

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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.

Six Aussie startups that raised over $19 million this week

A weekly roundup reporting six Australian startups that raised a combined $19 million, including Quasar, Nexl, MoreGoodDays, DAS and Our Cow, plus Our Cow's earlier acquisition of delivery startup Voly.

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BULLS AT A GATE: Investors stampede meat subscription startup Our Cow, raising $1.5 million in 24 hours

NSW meat seller Our Cow attracted almost $1.5 million from 750-plus backers in a day on Birchal, chasing $2.62 million, having raised $2.38 million in April 2022; it also bought failed grocer Voly's brand.

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Meat subscription startup chows down on database of failed grocery delivery service Voly

Our Cow, a NSW meat subscription business, bought the brand, app and customer database of collapsed grocery delivery startup Voly; the article also recalls Voly's seed raise and Our Cow's crowdfunding round.

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Ignition Lane's Great Big Annual Wrap

Ignition Lane's year-end review of 2022 tech news: shifting VC sentiment, record Australian fund raises, grocery delivery failures and shutdowns, local M&A, crypto fallout, awards, and global stories from Twitter to ChatGPT.

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Deliveroo puts $18.8 million on the table as it leaves town – after losing $33 million this year

Deliveroo's Australian arm, in administration with KordaMentha, has proposed an $18.8 million deed of company arrangement for creditors as its UK parent withdraws; grocery deliverer Voly and rival Send also ceased operations this year.

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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.

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The Ignition Lane Wrap: Sunrise. Demise. No more pies.

Ignition Lane's weekly tech roundup covering record Australian VC fund raises, several green-tech startup funding rounds, Deliveroo's administration, the FTX collapse, and takeover offers for ELMO and Nitro.

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The Week in Agrifoodtech: Muncher grabs $27m for ghost kitchens, Freight Farms lands $17.5m

Weekly agrifoodtech roundup: funding for Muncher, Vow, Freight Farms and others, a grant to GreenPod Labs, Bayer buying Targenomix, Bunge and Advanta taking SEEDCORP|HO stakes, and Deliveroo and Voly shutting down.

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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.

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Does Milkrun have what it takes to outrun Woolworths’ one-hour delivery?

Opinion analysis arguing Woolworths' Metro60 one-hour grocery service threatens venture-backed rapid delivery startups, citing SEND's shutdown, VOLY's staff cuts and Milkrun's funding reliance as evidence the 15-minute model is unsustainable in Australia.

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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.

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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.

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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.

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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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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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Tiger Global backs Koala founder's new grocery delivery startup in $75 million series A

Milkrun, Dany Milham's four-month-old rapid grocery delivery startup, has raised a $75 million Series A led by Tiger Global, with Airtree, Skip and Grok also investing; it had earlier raised A$11 million in mid-2021.

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Voly raises $13M led by Sequoia to deliver instant groceries in Australia

Sydney instant grocery delivery startup Voly has raised A$18 million in a seed round led by Sequoia Capital India, with Global Founders Capital and Artesian Capital participating; both also joined its earlier $1 million pre-seed.

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