Reduced order volumes and fuel price hikes meant Sendy was making deliveries at a loss, with a reported monthly burn rate of $1 million. Sendy, the end-to-end fulfillment platform, which shut down operations last month and is now seeking a buyer, was reportedly burning up to $1 million monthly at the height of its operations,…
The post Exclusive: How $1 million monthly burn rate forced Sendy to consider a firesale appeared first on Content Krush.