Pursuing Supie's underwriter not economically viable: liquidators

The Supie team aimed to disrupt the supermarket industry. (Image: Supie)

Fri, 07 Jun 2024

Supie’s liquidators have decided it is not economically viable to pursue claims against the investor that pulled its $1.9 million underwrite days before the online grocer’s collapse.PwC’s Stephen White and Richard Nacey were called in as voluntary administrators of the Sarah Balle-founded startup in late October. It owed around $3m.Founded two years prior, Supie – which employed 120 staff – aimed to introduce competition into the supermarket industry.It collapsed after it tried to raise $3m from investors; how...

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