Posts Tagged ‘ shutdown ’
Monday, January 2, 2017
The year gone by has been tough for startups. As investors became more driven by profit and unit economics, many emerging companies had to figure out ways to ace up their game, deliver and survive, or to shut down. An analysis by Techcircle.in revealed that at least 32 well-funded technology startup...
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 ...
14 November, 2016 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |