Munich-based Gastrando GmbH, operator of the Gastrozentrale platform, filed for insolvency in May. At least part of the business is now being acquired by Gastro Hero.
The online retailer for catering supplies, Gastro Hero, has acquired the project business of Gastrando GmbH. At least part of the Munich-based e-commerce startup will survive. Gastrando founder Moritz Grumbach expresses surprising optimism:
"We are delighted to have found the ideal partner in Gastro Hero. With this acquisition, we can take our property business and associated consulting to a new level, not least thanks to the strong brand awareness."
Insolvency administrator is “very happy”
The Munich-based startup Gastrando was founded in 2015 and has raised seven-figure investments, among others from Metro, KfW and LittlerockIn spring 2017, the startup reportedly ran into financial difficulties due to payment defaults and was forced to file for preliminary insolvency on May 26, 2017.
The provisional insolvency administrator Dr. Matthias Hofmann comments on the deal:
"We are very happy to have found a solution for the future of our project business division with Gastro Hero."