Battling For Survival, Stellaris-Backed BeepKart Shuts Chennai Ops

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SUMMARY

Stellaris Venture Partners-backed startup has shut operations in Chennai, one of the two cities where it was operational, and has fired its entire team in the city.

As per Inc42 sources, the startup is gradually winding down its operations in Bengaluru as well. 

We have been aligning with asset-light models of operations, while continuing to leverage our integrated tech, product and analytics platform: Beepkart spokesperson

Used two-wheeler marketplace Beepkart is on the verge of a breakdown. As per sources, the…



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Battling For Survival, Stellaris-Backed BeepKart Shuts Chennai Ops


SUMMARY

Stellaris Venture Partners-backed startup has shut operations in Chennai, one of the two cities where it was operational, and has fired its entire team in the city.

As per Inc42 sources, the startup is gradually winding down its operations in Bengaluru as well. 

We have been aligning with asset-light models of operations, while continuing to leverage our integrated tech, product and analytics platform: Beepkart spokesperson

Used two-wheeler marketplace Beepkart is on the verge of a breakdown. As per sources, the…



Source link

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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