Flipkart To Shut Its Grocery Delivery App Nearby

Flipkart will shut its groceries delivery app Nearby which was launched four months back.

It was an experiment and thus no marketing was done by the e-commerce firm. Lack of customers and cost cutting are the two major reasons for shutting the app by end of this month.Flipkart-Nearby

Recently Binny Bansal was appointed as the CEO of Flipkart and according to reports he is focusing on electronics, fashion sales and logistics.

Also, Amazon too launched its grocery app a month back.

[source]

2 comments
  1. LOL …. The failure rate among IIT/IIM is close to 90% similar to VC fundings.

    Most successful startups in India like shaadi, naukri, redbus, make my trip, freecharge were created by Non-IITs.

    If you pick a chaiwalla and make him the CEO…The failure rate would still be 90% but you will pay him way less and still “TEST” the waters if it will work on not.

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