Furniture e-seller Koala successfully floats on the ASX Mattress and sofa ecommerce retailer Koala's shares are trading at $3.70 on the ASX, up 8.8 per cent from their initial public offering price. AAP · Mar 31
MilkRun's demise is another nail in the 10-minute grocery-delivery business model Sydney-based startup MilkRun made a big splash with its promise to deliver groceries within ten minutes, raising more than A$85 million from some of the biggest names in Australian venture capital, including Atlassian billionare Mike Cannon-Brookes. The Conversation · Apr 14, 2023
Milkrun riders say closure of grocery delivery service in Sydney and Melbourne was a long time coming The instant grocery delivery service will shut up shop today in a bittersweet end that leaves former and current workers sad, but not entirely surprised. ABC News · Apr 13, 2023
MilkRun’s demise heralds dark days ahead for millennials hooked on instant gratification The grocery delivery service imagined a brave new world where no one would need a fridge again. Now Australians must wake up to the chilling reality The Guardian - AU · Apr 12, 2023
Speedy Delivery App MilkRun Has Announced It’s Shutting Up Shop, Leaving Hundreds Without A Job "We feel strongly that this is the right decision in the current environment." Pedestrian.tv · Apr 11, 2023
Why investors are piling $100m into supermarkets that you can't even go into Investors are piling $100 million into supermarkets that you can't even go into. The tech trend is threatening everyone from the major corporates down to the humble corner store. ABC News · Feb 27, 2022