Parcel supply enterprise Sendle has formally fallen into liquidation, six weeks after its abrupt closure left small enterprise clients at the hours of darkness.
Documents filed with the Australian Securities and Investments Fee present the enterprise appointed Shaun Fraser and Jason Preston of McGrathNicol as liquidators final Wednesday.
Their appointment marks the tip of a enterprise that raised over $100 million and pledged to problem Australia Submit, however faltered by its US enlargement and an ill-fated merger.
Based in 2014 by former CSIRO government James Chin Moody, Sendle acted as a intermediary between small companies and main supply networks like Aramex and Couriers Please.
Its aggressive charges and carbon-neutral supply choices attracted a big buyer base and important investor curiosity, culminating in a $45 million Series C round in 2021.
However the price of its troubled US enlargement plan dragged on the enterprise, main traders to offer emergency capital in offers that diluted the worth of their very own shares.
In August 2025, Sendle merged with US companies FirstMile and ACI Logistix to create FAST Group, an operation Chin Moody mentioned would expose clients to a very world supply community.
These plans had been overshadowed in December when Federation Asset Administration, a significant investor in Sendle, accused ACI Logistix of offering inaccurate monetary knowledge within the merger’s due diligence course of.
Simply weeks later, the administrators of FAST Group reportedly voted to shut down its operations.
Sendle cancelled all upcoming deliveries on January 11, forcing small companies to scramble for different parcel supply choices.
Sendle has not offered any official replace to clients since ceasing operations early final month.
