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Posts Tagged ‘ shutdown ’

Exclusive: Online rental marketplace WhatsOnRent shuts shop; returns 50% funding

Monday, November 14, 2016 | More »

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Online rental marketplace WhatsOnRent.com, run by Weblevered Technology Pvt. Ltd, has shut down its operations, amidst an inability to raise the next round of funding and a realisation that the business model may not work. “The shutdown was a conscious business decision,” WhatsOnRent co-founder ...

Samir Arora

US digital lifestyle content firm Mode Media shuts down

Mode Media Corp, a Silicon Valley-based lifestyle content company founded by Indian-American Samir Arora, has shut down, a media report said. The Wall Street Journal first reported about its closure on Thursday, citing a company memo to staff. It’s an abrupt end for a company that had previously c...

16 September, 2016 | More »

Vishal Kumar BM

Exclusive: Bike taxi startup Hey Bob shuts down

Hey Bob, Bengaluru’s first bike taxi startup, has shut down after failing to raise fresh funding. “Yes, it has shut down,” co-founder Vishal Kumar BM told TechCircle on Thursday. “We have not made a formal announcement yet. We met our investors and we had a long chat and we decided to move o...

15 September, 2016 | More »

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Exclusive: Online truck aggregator TruckSumo shifts business model

Hyderabad-based truck aggregator TruckSumo.com has shut down its online operations, a person privy to the development told Techcircle.in. The website is still live but users are not able to place orders and the company’s customer care number is also not operational. That the truck aggregator platf...

29 August, 2016 | More »

Ola

Ola shuts TaxiForSure unit, lays off up to 1,000 people

Cab-hailing company Ola has shut its TaxiForSure unit and is laying off as many as 1,000 employees, as the SoftBank Group Corp-backed firm tightens its belt to take on US-based rival Uber. According to at least half-a-dozen people with the direct knowledge of the development, about 90% of the staff ...

16 August, 2016 | More »

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Exclusive: B2B marketplace Omnikart shuts shop, co-founder joins Industrybuying

Omnikart, its B2B marketplace for industrial equipment, has closed operations due to disagreement between its two co-founders on a growth strategy. The Mumbai-based startup, run by Omnikart Engineering Pvt. Ltd, shut down in March, co-founder Faisal Ansari told TechCircle. Ansari has now joined Indu...

4 August, 2016 | More »

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Exclusive: Matrix Partners-backed home products marketplace Zimply shuts shop

Matrix Partners-backed mobile marketplace for home décor and interior designing products, Zimply, has shut down its operations, a person familiar with the development told VCCircle. The website and app of the startup are also no longer accessible. The company went through multiple pivots before fin...

28 June, 2016 | More »

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Exclusive: Chef Sanjeev Kapoor-backed home food delivery startup ZuperMeal shuts shop

Home food delivery startup ZuperMeal has apparently closed down its operations eight months after it raised seed funding. The ZuperMeal app, when downloaded, is showing an error message. The website of the firm is also not working. Moreover, one of the three co-founders, Balasubramanian Anantha Nara...

27 May, 2016 | More »

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Helpchat shuts chat service, lays off staff

Personal assistant app Helpchat has closed its chat services and laid off most employees working in those operations, its founder and CEO said on Thursday, as the startup tweaked its business strategy for the second time in less than a year. Ankur Singla said in a blog post that a lot of its users f...

26 May, 2016 | More »

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Exclusive: Food-tech startup MealHopper halts operations

MealHopper, a startup which connected local cooks with users for homemade meals, has run into rough weather in the latest instance of a food-tech venture struggling to survive despite attracting investors. The Gurgaon-based startup, run by MealHopper Technologies Pvt Ltd, has stopped taking orders o...

18 May, 2016 | More »

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