MilkRun, an Australia-based subscription service that delivers weekly grocery staples sourced directly from small, local farms, has announced downsizing its team.
According to a report, given the gloomy global economic scenario, the delivery app has decided to shut shop and laid off 400 employees.
Founded by Dany Milham in May 2021, the rapid delivery service provider will wind down business on April 14. Earlier in February this year, the company announced structural changes due to deteriorating economic and capital market conditions.
In November 202, MilkRun secured $6 million Series A Funding Round Led by Spark Capital.
MilkRun is not the first grocery app that has laid off its employees. Here is the list of other grocery apps that have laid off their employees:
The grocery delivery platform Dunzo announced to reduce its workforce by 30%, resulting in almost 300 layoffs.
Global grocery delivery player Gopuff announced its third round of layoffs in within a year in March this year.
To shift focus from rapid expansion to turning a profit Berlin-based grocery-delivery app Gorillas laid off 300 people last year.
Employees were also hit hard due to layoff at rapid grocery delivery startup Getir. The company laid off about 100 corporate employees in 2022.
Instacart is another grocery delivery app that downsized its team and curbed other expenses.