Exclusive: Anupam Mittal-backed fashion rental platform Blinge goes defunct; looks at a pivot

Fashion rental platform Blinge is looking at a pivot after shutting down the company’s core operations, according to two people familiar with the matter. “We are actually looking at a pivot, because we realised that the market for fashion rental was not lucrative enough,” said co-founder o...

Binu Paul

Exclusive: Kunal Shah-backed scrap collector EnCashea shuts shop

Bangalore-based scrap collection and recycling startup EnCashea, which raised a seed funding from FreeCharge co-founder Kunal Shah and others recently, has decided to shut down its operations due to an unsustainable business model that runs on thin margins, but necessitates incremental working capit...

Binu Paul

Exclusive: EnCashea in talks to buy smaller rival RaddiMan; raises funding from Kunal Shah, others

Bangalore-based scrap collection and recycling startup EnCashea has raised an undisclosed amount in seed funding from FreeCharge co-founders Kunal Shah and Sandeep Tandon, Tracxn Labs and a group of unnamed investors. The company is now in advanced talks to acquire its city-based rival RaddiMan, a p...