Long-term Sendle investor Federation Asset Management has confirmed that one of the two US partners in last August’s 3-way merger into Fast Group failed to disclose its true financial position at the time, leading to the sudden demise of the Australian scaleup and its parent company. Sendle announced suddenly over the weekend that it was… Read more »
Alternative parcel delivery scaleup Sendle has halted operations just five months after it merged with two US delivery firms amid claims of financial irregularities. In a terse statement from the firm’s PR agency, the company said “Sendle has informed its customers that it is no longer taking any future bookings. We are not able to provide… Read more »
Pioneering food delivery service Menulog is being killed off at the end of the month by its European owners after nearly 20 years, most likely a victim of the rapid local expansion of rival Uber Eats. The business was founded in Sydney by Dan Katz, Leon Kamenev and Kevin Sherman in 2006. A decade later,… Read more »
ANZ has shut down another startup backed by 1835i, the bank’s former VC fund, which it also terminated earlier this month, DataCo Technologies, developed inside the 1835i Creation Lab, helped businesses collaborate safely on customer data sharing. Its closure follows the shutdown of fintech Cashrewards last month, despite a $100 million investment and the sale of… Read more »
E-commerce startup Carted will close next week, four years after raising $13 million in one of Australia’s largest seed funding rounds and pledging to change how people shop online. The Carted wishlist app, which informs shoppers when coveted items go on sale, will close on Wednesday, October 22. “We’ve loved building Carted with you, but we… Read more »
ANZ-backed online shopping cashback platform Cashrewards has shut down. The company announced its demise on Monday afternoon with a notice saying “From 12pm AEST, Monday, 8 September 2025, Cashrewards ceased making offers available on its Website, App and Notifier.” Customers received an email around two hours after the shutdown, with the headline “URGENT: Cashrewards is… Read more »
Sydney fintech Upstreet, an app that enables shoppers to earn fractional ASX shares from their spending, is shutting down, less than 18 months after banking $3 million The closure comes just a fortnight after the fintech marked its fourth anniversary on social media, having raised nearly $5 million in its lifetime. While the Upstreet website… Read more »
Pioneering incubator Pollenizer told its staff and investors yesterday that it will officially be pulling up stumps in June.
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