Make data-driven decisions to improve longevity

MrNeeds

A micro-delivery startup that provided daily essentials to its customers.

Categories

Delivery, Mobile Apps, Shopping, Grocery,

Product Gallery

Reasons for Shutdown

Strong Competition

It was a hyper-competitive market.

The entry of funded grocery delivery startups such as Grofers and Big Basket was also harmful for MrNeeds.
The company was trying to stand out against e-commerce giants like Bigbasket, Grofers, and Amazon.in in a hyper-competitive market.

Lack of Funds

Lack of funding to sustain in the market.

MrNeeds was a subscription based startup.
Hence, the turnover was not great with the Indian audience.
They had lack of funding to sustain in the market.

Direct Competitors and Similar Companies

Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%

No.	Name	Similarity score	Description	Industry	Categories	Location	Ownership status	Entity type	Stage of development	Transactional model type	Defensibility moats	Last financing round	Total raised	Post-money valuation	Last financing date	No. of funding round(s)	No. of investors	Investors	Total revenue	Market capitalization	No. of investments	No. of acquisitions	No. of board seats taken	Competition	Management	No. of employees	Company reputation	Contact info	Operational status	Operational duration	Shutdown date	Founded date	Legal name	Former legal name(s)	Ticker
1.	Zulily	57.2%	An online retailer that offered consumers daily product deals.	Retail	E-Commerce, Delivery, Technology	United States	-	-	-	-	-	M&A	-	-	-	-	-	-	-	-	-	-	-	-	-	1000-5000	-	-	Inactive	-	-	2009	-	-	-
1.	Timtara	24.2%	An online shopping destination with products across 15 different categories.	Retail	E-Commerce, Shopping, Internet	India	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10-50	-	-	Inactive	-	-	2010	-	-	-
2.	Shopko Stores	23.6%	A regional discount chain that provided quality goods and services.	Retail	Shopping, Consumer Goods	United States	-	-	-	-	-	M&A	-	-	-	-	-	-	-	-	-	-	-	-	-	10000-10000	-	-	Inactive	-	-	1962	-	-	-
3.	Tiong Hin Superstore	22.8%	A superstore.	Retail	Shopping, Grocery, Clothing, Food & Beverages	Brunei Darussalam	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Inactive	-	-	1990	-	-	-
4.	Aagaar	14.9%	A hyperlocal grocery delivery service.	Retail	E-Commerce, Delivery	India	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1-10	-	-	Inactive	-	-	2014	-	-	-
5.	Zellers	12.1%	A chain discount department retailer.	Retail	Shopping, Consumer Goods, Electronics	Canada	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Inactive	-	-	1931	-	-	-
6.	Boo.com	11.3%	Online global sports retail site.	Retail	Clothing, E-Commerce, Shopping	United Kingdom	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500-1000	-	-	Inactive	-	-	1999	-	-	-
7.	Tie Rack	10.5%	Tie retailer that sold scarves, cufflinks, and many other items of clothing.	Retail	Fashion, Shopping, Clothing	France	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1000-5000	-	-	Inactive	-	-	1981	-	-	-
8.	A.C. Moore	9.1%	Arts and crafts retail chain.	Retail	Shopping	United States	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Inactive	-	-	1984	-	-	-
9.	Charlotte Russe	6.9%	A clothing retail chain store.	Retail	Fashion, Lifestyle, Shopping	United States	-	-	-	-	-	M&A	-	-	-	-	-	-	-	-	-	-	-	-	-	5001-10000	-	-	Active	-	-	1975	-	-	-