Subscription craft gins startup Gintonica has been placed in voluntary administration, 5.5 years after its launch.
The drinks business, best known for its Australian craft gin Advent calendars, was put up for sale by founder David Box in early May, but last week he handed the keys and books to David Ross of Sydney firm I & R Advisory.
Startup Daily contacted the administrators for comment, but did not receive a response. A creditors meeting is scheduled for July 3.
The Gintonica website says it has suspended the processing of orders.
Box launched Gintonica from his garage in late 2017, and 12 months ago, raised $243,000 from more than 300 investors via the Birchal crowdfunding (CSF) platform. It
At the time of the CSF raise last June, …
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