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Tiger Global-backed Toplyne shuts shop on inability to achieve product-market mix

Economic TimesEconomic Times · 2m
Tiger Global-backed Toplyne shuts shop on inability to achieve product-market mix

- Toplyne, a sales software provider for product-led companies, is shutting down operations due to failing to achieve product-market fit. - The startup raised $15 million in May 2022 in a funding round led by Tiger Global and Peak XV Partners. - The Bengaluru-based company raised a total of $17.5 million from investors, including Girish Mathrubootham, Manav Garg, Gaurav Munjal, Harshil Mathur, Shashank Kumar, and Kunal Shah. - Toplyne's founders are Ruchin Kulkarni, Rishen Kapoor, and Rohit Khanna, with Khanna leaving the startup in March 2022. - The focus now for Toplyne is to support its team in finding new roles and ensuring a smooth transition for its customers. - Toplyne joins a growing list of startups that have recently shut down operations, including Kenko Health, Bluelearn, Koo, Nintee, and My Tirth India.

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