On demand food delivery start-up Munchery is bankrupt and shutting down effective immediately. They’ve burned through $125 million in VC, their last round was $87 million in 2015 at a $300 million valuation.
Apparently the early effects of this are bare shelves in Amazon’s Go Stores. It’s like a Lehman Brothers moment which could cascade throughout the entire dime-a-dozen mobile food-on-demand-delivery
service start-up sector.