Milkrun lays off 20 per cent of staff

Grocery delivery platform Milkrun has made 20 per cent of its staff redundant, but says it will continue to service all current markets.

According to multiple reports, employees of the company, which launched in September 2021, were informed of the changes via an internal email from Dany Milham, Founder and CEO .

“With economic and market conditions changing rapidly, we need to get ahead of the curve and evolve the way we operate to fit the current environment and extend our runway.

“This means making some structural changes and some tough decisions that will unfortunately impact some of our people. From today, we will be consolidating a number of our hubs but will be still continuing to service all our current markets.

“This is obviously very difficult news to deliver and receive, and I’m sorry to those of you whose roles are being impacted.”

Founded in 2021 by Milham, who last year came it at number 40 on AFR’s Young Rich List with an estimated net worth of $153 million, Milkrun has received a total of $86 million in seed funding over two capital raises, including $75 million in January 2022, in an attempt to take on $122 billion Australian grocery market.

The changes follow the closure of competitors such as Voly, Send, and meal delivery service Deliveroo, whose parent company stated it could not reach a sustainable and profitable scale in Australia.

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