Then Voly collapsed in November after additionally failing to draw further capital. It launched in July 2021, raised $18 million in a Seed spherical led by Sequoia Capital India alongside World Founders Capital and Australian-based Artesian Capital in December 2020.The corporate’s directors mentioned Voly “could have been buying and selling while bancrupt from its graduation” of their evaluation of the enterprise.Voly had a web lack of $13.6 million within the monetary 12 months to June 30, 2022.Subscription butcher startup Our Cow acquired the Voly model and different property from the directors simply earlier than Christmas.

Directors Corridor Chadwick imagine collectors, owed $17.7 million in complete, will obtain between 15 cents and 27c within the $1 after winding up Voly.