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Instant Grocery Delivery App Buyk Files for Bankruptcy After Russian Sanctions

  • Company struggled to access money after Putin’s restrictions
  • Grocery firm furloughed around 900 workers amid cash crunch
A Buyk delivery person in New York City.

A Buyk delivery person in New York City.

Photographer: Noam Galai/Getty Images
Updated on

Rapid grocery-delivery app Buyk Corp. filed for bankruptcy and will permanently shut down after fallout from Russia’s invasion of Ukraine restricted the startup’s access to funding. 

Buyk, which launched in New York just last year, listed assets and liabilities of as much as $10 million each in its bankruptcy petition, filed Thursday. The company has ceased operations and plans to sell off remaining its remaining inventory, according to a statement.