Millcrun: The Future of Groceries

Millcrun was a grocery delivery service operating in inner metro areas across Australia. It launched not much over a year ago, which sort of blows my mind. The company had targets of around $4.8 billion in annual revenue. That's about 10% of what Woolworths does as a whole company every year. So they were really going for it. But with goals like that, the big guys obviously come after you and Millcrun didn't have enough cash on hand to reimburse suppliers. They're going to pay their office staff - so that's no small thing either. And I've still paid very close attention to it because I love retail, particularly supermarket retailing. Anyone