The company released a statement on Wednesday, calling it a “sad announcement”.
“This has been a difficult decision to make,” the statement said.
“We have enjoyed serving you the amazing food Australia is known for, working with thousands of brilliant restaurants and riders.”
The British-owned company landed in Australia in 2015, before Uber Eats did, but was eventually overshadowed.
Despite operating in nearly a dozen countries, it has already left the German, Taiwanese, Spanish and Dutch markets.
Services via the app have already been suspended.
According to OzStudies, the company has a delivery network of more than 30,000 drivers and riders.