About MILKRUN
MILKRUN is a company based in Sydney (Australia) founded in 2021 was acquired by Woolworths Group in May 2023.. MILKRUN has raised $62.3 million across 2 funding rounds from investors including Woolworths Group, Tiger Global and AirTree. MILKRUN offers products and services including Grocery Delivery Service, Haagen-dazs Ice Cream, Latina Fresh Beef Ravioli, Latina Fresh Veal Tortellini, and La Famiglia Garlic Bread. MILKRUN operates in a competitive market with competitors including DoorDash and AMO STORE, among others.
- Headquarter Sydney, Australia
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Sectors
Retail
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Milkrun Delivery Pty Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$62.3 M (USD)
in 2 rounds
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Latest Funding Round
$54.04 M (USD), Series A
Jan 20, 2022
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Investors
Woolworths Group
& 4 more
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Employee Count
Employee Count
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Acquired by
Woolworths Group
(May 25, 2023)
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Products & Services of MILKRUN
MILKRUN offers a comprehensive portfolio of products and services, including Grocery Delivery Service, Haagen-dazs Ice Cream, Latina Fresh Beef Ravioli, Latina Fresh Veal Tortellini, and La Famiglia Garlic Bread. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for ordering and fast delivery of groceries
Ice cream products delivered quickly for home consumption
Fresh pasta options for easy meal preparation
Pasta varieties for convenient cooking and delivery
Garlic bread items for quick home delivery
Funding Insights of MILKRUN
MILKRUN has successfully raised a total of $62.3M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $54.04 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $54.0M
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First Round
First Round
(01 Jun 2021)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series A - MILKRUN | Valuation | Tiger Global Management , AirTree |
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| Jun, 2021 | Amount | Seed - MILKRUN | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MILKRUN
MILKRUN has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Woolworths Group, Tiger Global and AirTree. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Investments are directed toward early-stage tech startups by AirTree.
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Founded Year | Domain | Location | |
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Tech-focused VC firm primarily investing in early to late-stage startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MILKRUN
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - MILKRUN
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Milkrun Comparisons
Competitors of MILKRUN
MILKRUN operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DoorDash and AMO STORE, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Food and grocery deliveries are facilitated through an app-based platform.
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| domain | founded_year | HQ Location |
Manages an e-commerce store offering multi-category grocery products with ultra-fast delivery.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Milkrun
Frequently Asked Questions about MILKRUN
When was MILKRUN founded?
MILKRUN was founded in 2021.
Where is MILKRUN located?
MILKRUN is headquartered in Sydney, Australia. It is registered at Sydney, New South Wales, Australia.
Is MILKRUN a funded company?
MILKRUN is a funded company, having raised a total of $62.3M across 2 funding rounds to date. The company's 1st funding round was a Seed of $8.25M, raised on Jun 01, 2021.
What does MILKRUN do?
MILKRUN was founded in 2021 in Sydney, Australia, within the on-demand delivery sector. An app-based platform is operated to enable ultra-fast grocery deliveries, with a catalog encompassing meat, seafood, eggs, wine, ice cream, chocolate, biscuits, vegetables, fruits, and additional items. Delivery riders are permitted to register on the platform. The mobile application is accessible for both Android and iOS devices.
What products or services does MILKRUN offer?
MILKRUN offers Grocery Delivery Service, Haagen-dazs Ice Cream, Latina Fresh Beef Ravioli, Latina Fresh Veal Tortellini, and La Famiglia Garlic Bread.
Who are MILKRUN's investors?
MILKRUN has 5 investors. Key investors include Woolworths Group, Tiger Global, AirTree, Skip Capital, and Grok Ventures.