Good Eggs, the startup designed to "bring the farmer's market to your door," announced this morning that they would be significantly downsizing at SF headquarters and completely shutting down operations in their other markets, effective Friday. The Los Angeles, Brooklyn and New Orleans arms of the grocery delivery company will take their last orders today, while the San Francisco operation will remain unchanged.
The four-year-old company has raised almost $30 million in funding in the past year from firms like Sequoia and Index Ventures, which aided in their rapid expansion (and resulting overextension).
Read more via Eater
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