Foodtech Startup, Eatlo Has Shutdown [?]

The foodtech startup Eatlo, has shut down. The startup has not been accepting any orders since yesterday and the site (and app) clearly shows that it is not operational*.

Eatlo was founded in 2014 by Sai Priya Mahajan and Rahul Harishanka.

Eatlo Has Shutdown
Eatlo Has Shutdown ??

The Bangalore based company had raised a second round of angel funding from Powai Lake Ventures, Abhishek Goyal of Tracxn Labs, and Globevestor in June. The previous investors included Haresh Chawla, Abhishek Goyal and others.

Eatlo’s team comprised of 100 people, of which 60 were delivery boys and others included from operations, marketing and tech departments.

Series A in Foodtech has been a concern and earlier, Dazo had shut down (+ Spoonjoy).

[Hat tip: Jagan]

*NextBigWhat team has reached out to the founders and is awaiting response.