YourGrocer Layoffs
December 2022
YourGrocer announced a layoff affecting 0 employees (100% of its workforce) in December 2022. The company operates in the Food sector.
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100%
Dec 19, 2022
About
Melbourne-based grocery delivery startup YourGrocer ceased operations on December 16, 2022, resulting in the layoff of its approximately 60 employees. The nine-year-old company, which partnered with local independent grocers, was forced to close after a recent crowdfunding campaign failed to reach its $1 million goal, securing only about $225,000. Despite generating $9.2 million in sales and building a loyal customer base, YourGrocer was not yet profitable, posting a loss of over $680,000 in FY2022. The closure highlights the ongoing challenges in the competitive food delivery and tech startup sector, even for established local players.
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