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The co-founder of the company, Jean-Charles Kurdali has announced "the end of an incredible adventure", Monday, July 23, 2018 via a press release.
Launched in 2015 in Nancy, the start-up promised delivery of your meal in thirty minutes, ordered in the restaurant of your choice, thanks to bike delivery men. It had made cities of average sizes, between one hundred thousand and two hundred thousand inhabitants, its target heart.
Bad choice
After a very promising start, with a growth of more than thirty percent, the company chained the bad decisions and the lack of chance.
Jean-Charles Kurdalie explains:
A bad choice of technical service provider in 2017 [qui] caused enormous financial losses and a very disabling delay of more than 9 months on our technical development .
The application that had to connect the deliverymen, the customers and the restorers was not as efficient as it should have been.
The co-founder also explains that Fetch needed of to collect money but that the raising of the funds turned out "very complicated or impossible to concretize between February and June 2018".
At issue, "slower growth because of technical problems / delays and acceleration of our main competitors" namely Deliveroo and Uber [19659012] Eat . Jean-Charles Kurdalie confides to have been a time in negotiation with another company to be eventually bought, but that did not succeed.
So it is the end of the deliverymen with orange outfits …
Nevertheless, the company affirms it: its delivery partners and restorers will receive the payments corresponding to the orders made in July.
A sad end, but without smudging.
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