Fridge No More, which was supported partially by Russian investors and offered rapid deliveries in New York City and Boston, abruptly sent its 600 employees home Wednesday evening and stopped accep…
“It just happened at Buyk last week so we already knew the story,” a Fridge No More employee told The Post. “Right now the staff all thinks that it’s because of the war.” Fridge No More’s co-founder and CEO, Pavel Danilov, is from Russia. And the company’s investors include Altair Capital, a venture capital fund led by investor Igor Ryabenkiy with operations in Russia, the US and Israel.
“Because a lot of their funding comes from overseas, primary Russia, they just got hit by the same circumstances,” Brittain Ladd, a retail consultant who’s an adviser to rapid delivery companies, said of Buyk and Fridge No More. “Sources inside Fridge No More have confirmed to me that they’ve lost their funding because of events in Ukraine.” “Buyk lost the ability to operate because they had no funding,” Ladd added. “Fridge No More is basically the same type of company.
As Fridge No More employees scrambled for more information about Wednesday’s shutdown, they circulated a screenshot of what appeared to be an email from Danilov to members of upper management about a “deal timeline” with Doordash.
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