UglyFood, an e-grocery platform based in Singapore, announced that it is shutting down operations after failing to raise enough funds.
Tech in Asia has reached out to the company for comments.
Photo credit: 123rf
In an email to customers, the firm said that it has ceased to take orders and all upcoming deliveries will be refunded. It will also hold a closing down walk-in sale from January 5 to January 8.
Founded in 2017, UglyFood sells excess “ugly” fruits and vegetables as well as its own branded products and sustainably sourced goods. According to Crunchbase, the company previously raised US$120,000 in a pre-seed round.
In 2021, it was reported that UglyFood was in talks with three investors to raise seed funding worth US$1 million.
See also: HappyFresh is safe, but expect more headwinds for Indonesia’s e-grocery
Editing by Miguel Cordon and Lorenzo Kyle Subido
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