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22 August, 2019 08:02:45 AM
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Food-delivery co Cookups shuts down operation

STAFF REPORTER, Dhaka
Food-delivery co Cookups shuts down operation

After three years of operations and various changes in business strategy, the country’s first on-demand home-made food delivery company Cookups shut down due to fund crunch.

The company announced in its Facebook page which has over three lakh followers that it would be ceasing all operations for the Cookups app and food delivery service from August 18, 2019.

Citing reasons, the company said it is ending operations as it has been failing to raise sufficient funding to continue its operation.

“It is with a very heavy heart that we need to announce that we have decided to discontinue and shut down operations for the Cookups app and food delivery service. Today will be our last day of deliveries. We are very sorry it had to come to this as we were unable to raise sufficient funding to continue,” the company said in its facebook post.

Like many other on-demand services in Dhaka, the company has also been struggling to find sufficient traction to build a scalable and sustainable business.

Talking to The Independent, Namira Hossain, CEO of Cookups, said while Cookups has shut down its app and delivery service operations, it will continue to operate its restaurant service Cookups Rannaghor, which users could order through Uber Eats and other food delivery platforms.

Cookups was launched as a Facebook group for homemade food and diners on July 25, 2016. Cooks upload photos of their homemade food to the group following Cookups posting guidelines and the other members of the group, diners, order through commenting or messages. Once an order takes place, the respective cook/merchant collects the address and other details of the client and schedules a delivery.

Namira said, the company was trying to position itself as an ecosystem of products and services around safe food. While it was trying several new things, it was struggling to grow its daily order numbers.

The company raised multiple rounds of seed investments from both local and international investors. It is also one of the recipients of a small grant from the Bangladesh Government’s iDEA initiative.

At its peak, Cookups was a team of 33 people including delivery agents.

 

SI

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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