The paddock-to-plate start-up has also acquired the database of a Queensland online butchery business after raising capital last month at a value of $60 million.
are not wasting time trying to pick off the company’s assets.
The company is cashed up, having raised $2 million last month. Our Cow generates some $20 million in annual recurring revenue and was valued at $60 million in March. Our Cow, at the weekend, snapped up the 10,000-person database of Brisbane Valley Farm Direct, an online butchery business in Queensland. It also acquired a database containingFast local delivery has proved a tough business to sustain with on-demand grocers Send and Quicko similarly closing their doors. The failure of MilkRun is being viewed as a nail in the coffin of Australia’s rapid delivery era amid fierce competition from the supermarket giants.
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