Start-ups
Don’t look for loopholes, Medical Board chair tells online doctors
The Medical Board of Australia has seen cases of telehealth patients getting the wrong drugs, the wrong dose or a prescription on outdated information.
- by Nick Bonyhady
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Funding
Canva investor cuts valuation by 10 per cent again
Australian start-ups are facing a “mortgage cliff” as companies boasting paper valuations in the hundreds of millions start to run out of cash and raise money at much lower prices.
- by Nick Bonyhady
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Healthcare
Doctors banned from prescribing drugs without speaking to patient
The Medical Board of Australia has tightened its rules for doctors after a host of start-ups began to sell medicine online via quizzes and forms.
- by Nick Bonyhady
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Retail
Milkrun bet it could beat Woolies. Now it’s part of it
The supermarket giant has bought fallen rapid grocery retailer Milkrun’s brand and customer list to use on its former Metro60 delivery service.
- by Nick Bonyhady
Weight loss drugs are sweeping Australia. At some online stores, they’re alarmingly easy to get
Critics fear the new wave of weight-loss drugs are being entrusted to nascent start-ups that have to sell ever-growing quantities to survive.
- by Nick Bonyhady and Natassia Chrysanthos
From nascent firms to Canva, coaching is everywhere in start-ups
In an industry obsessed with self-improvement and unafraid of what others might see as woo-woo or unconventional, coaching is catching on.
- by Nick Bonyhady
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Jobs
E-bike start-up Zoomo cuts jobs in second round of lay-offs
The Sydney-based e-bike company has laid off nearly 30 employees, joining a swathe of start-ups forced to execute redundancy rounds.
- by Jessica Yun and Nick Bonyhady
Providoor gift cards won’t be redeemable in collapse, liquidators say
Liquidators of the pandemic-born fine dining restaurant delivery service have said customers won’t be able to cash out their gift cards or outstanding credit.
- by Jessica Yun and Emma Koehn
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Funding
‘Based on trends, not dreams’: Food app me&u boss promises profitability in months
Ordering and payment platform me&u’s chief Katrina Barry laid off 20 employees before raising $30 million, and says the business will break even in the 2024 financial year.
- by Jessica Yun
Rapid delivery service Milkrun to close its doors on Friday
The company claimed in February its hubs were no longer losing money and that its cash reserves would last 12 months.
- by Nick Bonyhady
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Companies
DoorDash shutters DashMart just four months after launch
Food courier platform DoorDash has abandoned its foray into rapid grocery delivery just four months after launching in Sydney, Melbourne and Brisbane.
- by Jessica Yun and Nick Bonyhady