I am writing after a long time. I was focusing upon my upcoming startup that is an intelligent store by the name of Arza.in; I am going to write about a funded startup that was sailing smooth, however by the end of 2014, they ceased all their operations.
The online private label which had its own store, also sold its products on the online marketplaces, however in an apologetic post on Facebook it promised to make up to its consumers whose orders have been pending. Done by none was based at Gurgaon and had been doing good, this is what they posted on their fb page:
Amarinder Dhaliwal, Vijesh Sharma, former executives of Bennett, Coleman & Co. Ltd (BCCL), along-with Vijay Misra, a former director of the TCNS Clothing Company (of ‘W’ fame) had launched DoneByNone in2012. The company was initially launched in February 2011 as Handspick.com and later it was rebranded to DoneByNone in March 2012. The firm had raised an undisclosed amount in funding from early-stageventure capital fund Seedfund.
Ecommerce is a tough nut to crack. Startups which have been surviving so far in the game are the heavily funded ones, notorious for burning investor money and reporting huge losses. All the three co-founders, Amarinder Dhaliwal, Vijesh Sharma, and Vijay Misra had great experience in e-commerce, internet businesses, and technology, still the bug of hyper competition bit the startup.
Reasons for Failure:
It failed to handle high demand, at the time of shutdown they had many orders pending.
Pricing was very high that limited the demand and increased the expectations of customers.
It sold cheap stuff from China for high prices that hampered the brand name.
Many refunds for the returned products were not processed that made customers loose confidence.
Competition with Amazon, Snapdeal, Flipkart and others.
No proper customer care made customers angry.
Co-founders wanted to move on.
Done by None managed to get more than 3.5 million likes on facebook that shows it was popular among people.
Attractive campaigns made the buyers temped.
Done by None is still selling through PayTm, Amazon, Jabong etc.
They are still selling, I have found this on Amazon:
Go versatile this season as you buy colourful and vibrant bags online from Done by None. Featuring fabulous designs and attractive shapes, this collection of bags will make heads turn wherever you go. Done by None handbags are not only durable and sturdy, they also have enough space to carry all your essentials in style. Be it for college, work, parties or weekend getaways, these bags for girls will prove to be the ultimate fashion accessory that you will be tempted to buy online.
Amazon India brings a stunning selection of Done by None bags that will definitely capture your attention. The sleek sling bags and satchels in colorful designs will add an exciting spin to just about any outfit. You can carry an attractive cross body Done by None bag to pep up your ensemble for the weekend. Pair it with a pair of white jeans or flirty pastel skirt to make a fabulous statement that your friends are sure to love.
Shop online for a remarkable assortment of Done by None fashion bags in a variety of styles including sling bags, clutches and shoulder bags online at Amazon India. These bags come in lovely colurs, interesting patterns and contemporary shapes. Amazon India is committed to making your online handbag shopping a pleasurable one by offering the best prices. Buy branded bags online at Amazon India and get ready step out in style.
Thanks for reading this post.
Shishir Gupta, CEO of StartupLanes.com