As recently as last year, the gig economy’s “independent contractor” business model seemed like an unstoppable force. It started with Uber, but soon spread to food delivery and before long was entering new sectors, such as freight, logistics and healthcare.
Food delivery giant Foodora is leaving Australia owing $28.3 million in debts to workers and small business, plus more in unpaid taxes.
This huge debt is small change for Foodora’s parent company, Delivery Hero, which is worth $14.7 billion. Based in Germany, Delivery Hero trades in 40 countries and is attempting to further expand its global reach.