11th December 2023 Liquidations / Supie
Stock with a cost value of up to $450,000 has been returned to suppliers of failed online grocery retailer Supie, as liquidators continue to seek buyers for the company’s assets.
The list of hundreds of known creditors of failed online grocery retailer Supie runs the gamut of small to large food and beverage manufacturers.
Supie creditors voted for the liquidation of failed online grocery startup Supie at a watershed meeting on Thursday.
Firms such as Fonterra, Frucor Suntory and Heinz Wattie’s are expected to decide the future of the failed online retailer, with liquidation the most likely option.
An anonymous donor has provided cash to pay Supie’s workers, who were dismissed this week as the company collapsed.
In the wake of Supie’s collapse, Huckleberry’s owners say it will take govt support to bring true competition to the capital-constrained NZ market – and they’re ready to take the call.
“We fought so hard to introduce competition in the market so that Kiwis could get a fairer deal for their groceries,” says the online retailer’s founder.
One of the early backers of the collapsed online supermarket says there were “several factors” that scuppered the startup, but it wasn’t a lack of effort by founder Sarah Balle.
Market commentators, food industry stakeholders and politicians speak out on the state of competition in the grocery sector following the failure of supermarket challenger Supie.
Sarah Balle’s grocery challenger runs short of cash after a key investor pulls support, leaving the company facing a creditors’ bill of around $3m.
Sarah Balle, the owner of online supermarket startup Supie said the company will be looking to undertake a “small capital raise” to fund the Auckland-centric firm’s expansion across the country.
Online supermarket challenger Supie has launched a multi-channel marketing campaign.
Online supermarket start-up Supie says it has reached a new level of customer numbers that has allowed it to provide more competitive pricing.
Meal kit company My Food Bag and online supermarket Supie have both become involved in a $4m research project to develop what is being described as a uniquely Kiwi wellbeing diet.
Grocery sector challenger Supie has raised $3.5m via public platform Snowball Effect.
Following a five month wholesale supply pilot, the online supermarket startup is looking for expressions of interest from retailers.
Supie has opened its $5m capital raise to the public.
Online supermarket startup Supie is giving its customers 15% off all its fresh produce in June to celebrate its first birthday.
The online supermarket startup is seeking growth capital to drive a big jump in revenue in 2023.
Online supermarket startup Supie has thrown its support behind Consumer NZ’s new petition calling for fairer supermarket prices.
The online grocery challenger is looking for more backers after strong growth in members and revenue over the last quarter.
The gloves are off ahead of the Commerce Commission’s final report into the $22bn grocery sector to be published on Tuesday.
Sarah Balle’s online supermarket startup hits an early milestone with an oversubscribed seed round to help it scale.
Online grocery startup Supie says it has seen demand for its services boom since Auckland moved to Covid-19 alert level 4 in mid-August.
The new online grocery service will be looking for investment within a year, says founder Sarah Balle.
Supie wants to strip out waste and benefit local producers by going direct to the consumer.