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Every day Briefing, March 28

Shyp has sailed

After rocketing to a $250 million valuation in 2015 amid the hype for on-demand firms, on-demand bundle mailer
Shyp
is shutting down. CEO
Kevin Gibbon
introduced the closure Tuesday,
TechCrunch
reported. The corporate is ending operations instantly after struggling to develop past San Francisco. The corporate raised $50 million in 2015 in a deal led by John Doerr at Kleiner Perkins Caufield & Byers, as corporations jumped into the on-demand house. Right now, there are just a few left standing, like Postmates, Instacart and DoorDash.

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