Fast-fashion startup Virgio, founded by former Myntra chief, is contemplating shutting down its operations less than a year after raising funds at a valuation of over $160 million, according to two investor sources familiar with the matter. The startup, whose platform has struggled to make inroads and which over the weekend said its eponymous platform […]
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Virgio’s fast-fashion dream is over
Fast-fashion startup Virgio, founded by former Myntra chief, is contemplating shutting down its operations less than a year after raising funds at a valuation of over $160 million, according to two investor sources familiar with the matter. The startup, whose platform has struggled to make inroads and which over the weekend said its eponymous platform […]
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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