Buying Show: Delivery Hero co-founder's startup is insolvent

The story of the start-up Buying Show got off to a promising start in 2016, but it has since filed for insolvency. Its two founders Markus Fuhrmann and Ivan Herjavec have moved on, and the company itself cannot even pay for the costs of the insolvency proceedings.

Buying Show had the best prerequisites to successfully take off as a start-up. Just one year after its founding, it had raised 2.4 million euros, and its founders were the faces Markus Fuhrmann, co-founder of Delivery-Hero, and Ivan Herjavec, who are well-known in the start-up scene. The company wanted to serve as an interface between fashion labels and retailers. The latter could view the products online and order individual pieces to look at, so that they could then add the garments to their assortment.

According to Gründerszene

, the company is insolvent four years later and cannot even cover the costs of the insolvency proceedings. The district court in Berlin-Charlottenburg has rejected the opening of proceedings "for lack of assets," Gründerszene cites a November 23 court report. In 2016, Buying Show said it was already working with 100 manufacturers and 500 retailers. Well-known investors such as Rocket Internet and the online shop Zalando were involved. Gründerszene asked the two founders, only Fuhrmann got back to us with the information that the end of Buying Show was already decided last year. At the beginning of December, the website is still accessible. On the associated Instagram channel, the website of Fashioning Space, a New York-based retailer, was posted on November 19. By his own account, Ivan Herjavec now works there. The road also continues for Fuhrmann, who has been involved with venture capitalist Cavalry Ventures since its founding in 2016. In July this year, Cavalry Ventures closed a fund of 80 million euros with 150 investors at home and abroad.