Former Udaan executives' startup Klydo, a rapid fashion delivery service, shuts down operations
Ankit AgarwalSujeet KumarPradeep YadavSlikkPeak XVK2 Capital ManagementZiloMyntra12 FlagsNexus Venture PartnersVeltis CapitalUdaanKlydoKnot

Former Udaan executives' startup Klydo, a rapid fashion delivery service, shuts down operations

Klydo, a rapid fashion delivery startup founded by former Udaan executives, has ceased operations less than a year after launch, halting new orders and pivoting to a new product direction. The company, which delivered items in 15 to 30 minutes, had raised $2 million in seed funding.

Entrackr+2 sources53 min ago
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Klydo, a rapid fashion delivery startup founded by former Udaan executives Pradeep Yadav and Ankit Agarwal, has officially shut down operations less than a year after its launch.1

The company, which began in September 2025, aimed to deliver clothing, accessories, and home products within 15 to 30 minutes across Bengaluru.67

However, Klydo has paused its consumer business and stopped accepting new orders, as stated in a notice on its app. The message read: “We've stopped taking new orders on Klydo, effective today. The app stays open for the next 7 days—for order history, support, or anything else you need. After that, Klydo shuts down for good.”23

Klydo's founders are now pivoting to a new product direction, emphasizing a “sharper product vision” based on their learnings. They described this transition as “not goodbye” but rather “the beginning of what's next.”

The startup had raised approximately $2 million in seed funding from K2 Capital Management and Veltis Capital, but plans to secure a larger funding round of $11 million to $12 million earlier this year did not materialize.8

Klydo's closure marks a significant setback for the rapid fashion delivery sector, which has struggled with issues like low sell-through rates and high inventory requirements. An industry executive noted, “There are two-three big players in the sector currently and the market is slowly moving to them.”9

Klydo is the second startup in this niche to exit the market within a year, following another competitor that ceased operations in July 2025.

Key Insight
“Founded in September 2025 by former Udaan executives Pradeep Yadav and Ankit Agarwal, Klydo had raised about $2 million in seed funding and competed with startups like Knot, Zilo, and Slikk. Its shutdown marks the second rapid fashion delivery startup to exit within a year, while larger players like Myntra Now invest heavily in the sector.”
CuriousCats studied:
1
Entrackr
“Quick fashion delivery startup Klydo has paused its consumer business and is pivoting to a new product direction, less than a year after its launch.”
Entrackr →
2
The Economic TimesThe Economic Times
“ETtech startup has shut shop after ending brand partnerships within just a year of launch, according to people aware of the development.”
The Economic Times →
3
The Economic TimesThe Economic Times
“startup has shut shop after ending brand partnerships within just a year of launch, according to people aware of the development.”
The Economic Times →
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