Same-day grocery delivery startup Farmstead is halting operations in all markets except the Bay Area.
Farmstead, backed by Circle K and Y Combinator, has ceased grocery deliveries in Charlotte and Raleigh-Durham in North Carolina, Miami and the greater Chicago area, in addition to cutting 22% of its operational staff, according to Insider.
“It's unclear what will happen next with the economy,” CEO Pradeep Elankumaran told the news site. “We are a startup and are prudent in moments of economic…
