In an email to vendors that was shared in part by Bloomberg, Jokr shared that the last day of delivery to customers in New York City and Boston is June 24. “While we have made tremendous developments in building a sustainable operation in the U.S. in recent months, we continue to face a tumultuous, ever-changing macro-environment," the team commented.
As it pulls out of its two U.S. markets, Jokr continues to serve customers in another global market. “Latin America is particularly underpenetrated and underserved, that’s why Jokr has put its focus an emphasis on the Latin American opportunity,” said CEO Ralf Wenzel in a statement to Bloomberg.
The news comes on the heels of other rapid ascents that have been matched by swift declines in the quick-service space. The war in Ukraine and ensuing tough sanctions led the shuttering of the Russian-founded Buykand Fridge No More. Last month, the German startup Gorillas and the Turkish company Getir announced that they were slashing their respective staffs and taking other measures to combat a softening of demand and a tough competitive environment.
Meanwhile, one of the strongest ultrafast platforms, Gopuff, recently adjusted some of its infrastructure and staff to move into the future leaner and more focused.