After being founded in 2020, Voly – an ultrafast grocery service – sprung to popularity during the nation’s lockdowns on the promise products would be delivered in just 15 minutes.
It was one of a number of small startups that looked to take advantage of the huge growth in online grocery shopping, offering a specially curated list of groceries and using a similar business model to Milkrun.
Announcing the business’ closure overnight, Voly founders Thibault Henry and Mark Heath said the decision was made with a heavy heart.
“It’s with a heavy heart that we announce that Voly is officially closing in Australia,” a statement said.
“While we were able to build an amazing customer base, and lay the groundwork for a sustainable business in Australia, we have had to make the tough decision to exit the market during this period of global economic uncertainty.
“We are so honoured to have shared this journey with our team and customers.”
Voly is the latest lockdown-era startup to shut up shop, after competitors Send and Quicko also collapsed.
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Milkrun has also reportedly scaled back its staffing in recent months.
Just days ago, food delivery giant Deliveroo announced its shock departure from Australia.
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A spokesperson said that the company was aiming to take a more “disciplined approach to capital allocation”, noting the Australian market is “highly competitive” and Deliveroo “does not hold a broad base of strong local positions”.
Chief operating officer Eric French said the “difficult decision” was “not taken lightly”.
“We want to thank all our employees, consumers, riders and restaurant and grocery partners who have been involved with the Australian operations over the past seven years,” he said.
