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Closed its operations as it was unable to raise fresh funding. The startup founders said that it had scaled to about 15 cities but it was becoming difficult to sustain operations at that level with no funds.

Operated on a negative margin per delivery. The number of processing orders was less and it forced the managing team to close down the business operations.

Got funding of US$1 million but struggled to raise the next round of funding and did not have enough money to sustain operations.

Despite feeling they were on the right track, they were burning money and were not able to close a third funding round despite the founders’ best efforts.
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