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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
is shutting down. CEO
Kevin Gibbon
introduced the closure Tuesday,
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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