MyPickup, a subscription-based electric mobility startup backed by Inflection Point Ventures (IPV), has announced that it is shutting down operations after three years of trying to redefine urban commuting. The company, which launched in February 2023 with a mission to offer predictable and affordable electric auto-rickshaw services, cited difficulties in achieving product-market fit (PMF) and a…
In a significant development for India’s startup ecosystem, Kavin Bharti Mittal, founder and CEO of Hike, announced the complete shutdown of the company. The decision comes in the wake of the Indian government’s ban on real-money gaming (RMG), a move that has disrupted business models across the gaming and digital entertainment sectors.
In a heartfelt post on LinkedIn, Mittal reflected on…
Blip Promised Clothes in 30 Minutes. Now It’s Out of Business.
Blip, a startup that wanted to become the “Zepto of fashion,” has officially shut down operations—just nine months after its ambitious launch. The company was trying to crack one of the boldest promises in online shopping: delivering branded fashion in under 30 minutes.
Founded in early 2024 by Ansh Agarwal and Sarvesh Kedia…
