A delivery service in Germany has to declare bankruptcy again. Now it's up to supplier Mayd, which focuses on drug delivery.
The wave of bankruptcies in delivery services is now also affecting the healthcare sector: Mayd, a pharmacy delivery company in Berlin, is insolvent, as “Capital” reports. Until recently it was active in 70 cities, but the company's service application was temporarily unavailable. The reasons for the bankruptcy remain undisclosed as the company focuses on the ongoing proceedings.
The industry is in crisis: the Mayd delivery service is also insolvent
Mayd, founded by Hanno Heintzenberg and Lukas Pieczonka, tried to gain a foothold in the market with immediate deliveries of medicines. Customers placed their orders through the app and courier bikes delivered the medicines from local pharmacies within 30 minutes. The business idea, backed by a capital injection of 30 million euros, failed.
Investors, including Lightspeed Venture Partners and Target Global, had high hopes for the business model, especially regarding the new e-prescribing. But the situation took a different turn and the startup could not meet the high expectations. Mayd's competitors, such as First A and Kurando, have already followed similar paths, only Cure seems to still be in the race.