Failed 2024

    Milkman (Insolvency)

    Milan last-mile-delivery startup Milkman raised €30M then filed for restructuring in 2024 as Italian last-mile delivery unit economics collapsed.

    Founded → Closed

    2015 → 2024

    Funding Raised

    $30M

    Industry

    Logistics/Last-Mile Delivery

    Country

    Italy

    Full Analysis

    Milan-based Milkman built last-mile delivery software and operations for Italian e-commerce. After raising €30M+ from Poste Italiane and 360 Capital, post-COVID e-commerce normalization and intense pricing competition from incumbents (Poste, BRT, GLS) eroded margins. The company entered Italian restructuring proceedings in 2024.

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