Bangalore based fashion etailer, Fashionara has shut down its operations while home food delivery startup ZuperMeal has apparently closed down its operations eight months after it raised seed funding
Online Fashion and Lifestyle Store Fashionara.com Shuts Shop
Bangalore based online fashion and lifestyle store Fashionara.com, which is operated by Fashionara Enterprises Pvt Ltd, has shut down its operations as its website and app are no longer accessible. Founded in 2012 by former Reliance Trends CEO Arun Sirdeshmukh along with Darpan Munjal, former chief technology officer at Times Internet Ltd, the company had raised over $4 million series A funding from Lightspeed Venture Partners and Helion Venture Partners.
Co-founder Darpan Munjal had left the company in January this year and he is currently operating Squadhelp.com, a Crowdsourcing platform helping startups and businesses across the globe building memorable brands.
Fashionara’s net sales jumped five-fold to Rs 32.86 crore in the financial year 2014-15. But its net loss widened to Rs 32.13 crore from Rs 21.11 crore in 2013-14. It was competing with portals such as Flipkart, Snapdeal, Myntra, Jabong and Koovs among others.
Chef Sanjeev Kapoor-backed Home Food Delivery Startup ZuperMeal Shuts Shop
Home food delivery startup ZuperMeal which was founded by three co-founders - Balasubramanian Anantha Narayanan, Pallavi Saxena and Prabhakar Banerjee, 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. The startup had raised $2 million in seed funding from celebrity chef Sanjeev Kapoor, Ravi Saxena and two unnamed foreign investors in October 2015.
Its co-founder Balasubramanian Anantha Narayanan, has also joined logistics startup LogiNext as vice president – business development, as per his LinkedIn profile.
A couple of days back, TinyOwl, a food ordering app, after struggling to restructure its business for several months shut down its operations in 17 cities except some areas of Mumbai. Mobile app Zeppery which allowed users to pre-order food at restaurants and other food outlets also closed down operations in May.
Image Source: ShutterStock
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