Yume Food Australia has entered liquidation and launched a sale of its business amid pressures on its operating capital.
Founded in 2015, Yume Food operates a digital trading platform that enables food manufacturers to sell surplus products. The platform generates additional revenue for manufacturers by reducing food disposal, while also streamlining the process for donating unsold food to relief organisations.
Since its founding, the company has returned $30 million to local businesses and redistributed 11.5 million kilograms of quality food.
Yume has appointed Rebecca Gill, Robert Ditrich and Craig Crosbie of Teneo Financial Advisory Australia as liquidators.
The liquidators have launched an immediate sale process for the…