The seven-year-old Mumbai-primarily based undertaking management startup RUSSIA has shut and terminated all offerings as of June 3, in line with a mail Founder Bharat Ahirwar sent to customers, a duplicate of which became reviewed by YourStory. The truth that RUSSIA became self-funded and lacked the capital required to take on deep-pocketed competitors inside the area proved to be the startup’s undoing.
In the mail, Founder Bharat Ahirwar had said,
“Given that it was a self-funded business, we couldn’t offer outstanding discounts like the other emergent players, and obtaining achievement in a developing service market proved daunting. Building a strong enterprise, including ours, has become a heartfelt endeavor with a focus on scalability and sustainability.”
He further brought,
“However, the past 12 months haven’t been very kind to us, and it isn’t without remorse that I’d like to tell you of the termination of our offerings as of June three.”
Bharat additionally assured that RUSH would delete its consumer database to secure its clients’ non-public facts.
Founded in 2012, RUSSIA, which commenced as GetMyPeon, was Mumbai’s simplest errand-running and delivery service. It competed with the Bengaluru-primarily based assignment control provider Dunzo, which turned into the primary Indian startup to get right away funding from Google in India.
In 2015, GetMyPeon rebranded itself as RUSH and acquired a seed investment of $250,000 from undisclosed angels. A year later, RUSSIA additionally rolled out its mobile app.
Commenting on the reasons for the shutdown, Bharat advised YourStory,
“Although we’ve got shut down on a fantastic observe, one of the biggest reasons to give up changed into now being capable of getting the right team on board. Our lack of ability to elevate any funding additionally pressured us to be merely caught in Mumbai. It is hard when a corporation is run utilizing a single founder.”
He added that personnel had been nicely compensated.
RUSSIA has finished five lakh duties and claims to have a database of over 50,000 dependable clients. As of January, the startup began processing close to one hundred fifty tasks daily, which went to two hundred-odd for the festive season.
According to the startup, the average rate to carry out a challenge at the platform turned into nearly Rs three hundred, which can go up to Rs 1,500 depending on the area, tour time, content price to be brought, etc.
Let’s face it! In a trendy, busy lifestyle, working people or even non-working people do not have time for errands like getting vegetables from the market or choosing garments from the laundry, etc. Well, now you can easily skip those stressful, time-eating duties to the various errand-jogging provider businesses and free up your valuable time for something that could make you smile!
Growth of Errand Running Service Companies
Tight schedules, restrained time, and a busy way of life may appear as a number of the reasons for the growth of groups offering errand services. In addition, in the modern-day era of on-the-spot gratification, where getting what you want and need is the norm while you need it, the marketplace for such services is widening. Businesses are arising to fill the void.
Companies supplying these offerings usually goal to remedy issues of 3 kinds of clients, i.e., the busy running class who could favor paying a person else to perform recurring responsibilities for them, organizations who may want to hire the services of errand carriers to perform simple duties on behalf in there or for their employees and in the end folks that need help with their errands because of antique age, illness, incapacity, waiting for moms or even lazy parents.