Prosus-backed fast-fashion startup Virgio, valued at $161 million, to shut down

Fast-fashion startup Virgio, founded by former Myntra chief, is shutting down its operations less than a year after raising funds at a valuation of over $160 million, according to two investor sources familiar with the situation. “The fast fashion brand that you have come to love is no longer available,” Virgio says on its website. […]

source https://techcrunch.com/2023/10/08/prosus-backed-fast-fashion-startup-virgio-valued-at-161-million-shuts-down/