Delivery startup Genie shuts down on failing to raise funds
Chennai-based hyperlocal delivery startup Genie has announced that it is shutting down operations after it failed to raise funds. "Over time, we courted a lot of investors who made a lot of promises, but none of them materialised," said Genie's Founders in a Facebook post. The startup, which was launched in 2015, will make its last delivery on March 31.