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Blip, the Bengaluru-based startup that promised 30-minute fashion delivery, has officially shut down less than a year after launch. Despite bold ambitions and a unique model, execution delays and lack of funding brought the quick commerce experiment to a halt.
Plus Gold, once backed by Shark Tank investors and celebrated for simplifying digital gold savings, is now shutting down. From raising ₹10 crore to an abrupt exit, here’s a closer look at what went wrong behind the scenes.
Zume Inc., once hailed as the future of food delivery with its robotic pizza-making systems and AI-driven mobile kitchens, officially shut down in June 2023 after burning through $445 million in funding. Despite early media hype and SoftBank’s backing, Zume’s ambitious vision collapsed under technical failures, poor scalability, and a flawed pivot to sustainable packaging. This deep dive reveals why Zume, the robot pizza startup, failed in 2023.
Raghav Mehra’s Story: From Rejection to ₹400 Cr Valuation Only conviction remained when Raghav Mehra exited his third unsuccessful company pitch meeting, soaked in monsoon rain and investor rejections. At the age of 24, he had already witnessed the failure of three of his businesses: a freelance project platform, a college clothing brand, and a food delivery software for dorms.