Startup · $18m raised
Sydney, NSW
Every investor coverage indicates participated in a round Voly raised.
| Investor | Rounds | Invested |
|---|---|---|
| Artesian VC | Seed | - |
| Global Founders Capital | Seed | - |
| Peak XV Partners | Seed | - |
| Sequoia | Seed | - |
| Sequoia Capital India | Seed | - |
The transaction that ended Voly's run as a startup, per published coverage. It closes the funding history too, where it is the ladder's last rung.
Companies Voly acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Voly. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
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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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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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.
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.
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.
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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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.
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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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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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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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.
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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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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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 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'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.
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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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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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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VOLY, an instant grocery delivery startup, has halted orders and removed its social media accounts; unverified sources say it lacks the capital to keep operating.
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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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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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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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.
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 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.
Koala co-founder Dany Milham's rapid grocery delivery venture Milkrun has launched with a $75 million Tiger Global-led Series A, following an earlier $11 million seed round; Tiger also backed wholesale marketplace TradeSquare.
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.
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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