Australian food delivery service CoLab has ceased operations and laid off its entire team in April 2023, following a failed financing round and an aborted acquisition attempt. The direct-to-consumer startup, which specialized in delivering products from restaurants, cafés, and bars, collapsed due to unforeseen events that truncated its timelines. Founded from a merger and operating in the competitive food delivery industry, CoLab's closure occurred alongside similar difficulties for other local delivery startups, reflecting broader economic challenges in the sector.
