French food delivery startup Epicery will cease operations Tuesday, after one last holiday season hurrah for its clients and the local food businesses that were using the platform during its nine years in business in exchange for a 25% commission.
In a message announcing the decision to customers earlier this month, Epicery’s team said that it was “the result of the economic and financial challenges we have been facing for several months, and which, despite our best efforts, we have been unable to overcome.”
With a focus on premium groceries and local deliveries, Epicery suffered when inflation made customers rethink their food spending. Even after ceasing operations in some cities, it had a negative EBITDA of -€4.69 million in 2023, on sales of €2.57 million.
Before these difficulties, however, the startup reached unexpected highs when France went into lockdown dur
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