The final days leading up to Supie's collapse

The Supie team in better days. (Image: Supie)

Wed, 01 Nov 2023

It all happened so quickly.While Supie's growth in the past four-to-six weeks had slowed, “it didn’t go backwards; it just didn't grow as much” as it had previously.The online grocer was still pressing ahead with its $3 million capital raise, which was being fully underwritten. But, on Friday, it all came to a head when that underwriter pulled out.Now, its 120 staff are jobless and the business that pitched itself as the disrupter to the $22 billion grocery industry is all but gone, owing $3m to creditors. Busine...

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