Sendle suddenly shutters deliveries amid financial concerns after merger investor freezes funding - Startup Daily

Sendle has ceased deliveries due to financial concerns following the freezing of funding by a merger investor. This situation arises amid a post-merger meltdown of the last mile provider FAST Group, which is backed by private equity and has encountered financial red flags. The closure affects Sendle, ACI Logistix, and FirstMile, all under the parent company Fast Group. The Federation has attributed the collapse of Sendle to issues with its US partner.