Blip, a quick fashion delivery startup promising 30-minute deliveries, has closed its operations, according to a social media post by company’s co-founder Ansh Agarwal.
In a post on LinkedIn, Agarwal wrote, “After building for over a year, we have finally called it a day. while we continue to believe in this space, bootstrapping the business with limited capital made it extremely difficult for us to participate in the market.”
He further said, with our model being different from the rest, we did a lot of first-in-market implementations that took share bit of time to convince stakeholders, which indeed affected a lot our GTM (go-to-market) strategies and slowed things considerably down for us.
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“The result of limited working capital and failure to implement our GTM in an efficient manner, it didn’t make sense for us to continue, and hence we had to make a difficult choice to shut Blip down,” he added.
Blip was founded in 2024 by Agarwal and Sarvesh Kedia to become ‘Zepto for fashion’. The company’s app went live in October 2024. It launched 10 brands with 25,000 SKUs in select parts of Bengaluru.
This startup shut down last week
The news comes soon after an Indian IT startup shut down its operations overnight on a video call. According to a post on Reddit last week, an employee claimed that the CEO suddenly called the workers on a video call during what seemed like a typical workday. However, in the meeting, the boss disclosed that the company, related to cloud/chatbot management, had run out of money and was shutting down right that moment.
“It was supposed to be just another normal workday at our (now former) startup. But around midday, we all got an unexpected email from the CEO calling for an urgent all-hands meeting. In that meeting, he told us something none of us saw coming: the company had completely run out of money. We wouldn’t be getting paid this month, and effective immediately, the company was shutting down. All of our investors had pulled out. He told us not to report to work the next day,” the Redditor wrote.
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