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According to media reports the ultrafast grocery delivery service Buyk, based in Russia, has furloughed 98 percent of its staff and has suspended operations.
Buyk launched in the U.S. last year and is a spinoff of an app based in Moscow and St. Petersburg, and is backed by a Russian national bank, which has been sanctioned by the U.S. and the United Kingdom.
The New York Post reported on a recording of a conference call where Buyk CEO James Walker told workers he is doing everything he can to restart the company. “We’re looking for short-term funding that allows us to get the lights back on,” Walker reportedly said.
The company, which initially launched in New York and expanded to Chicago, recently partnered with Grubhub for ultrafast delivery, and was investing in its own private label groceries.
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