Andry Haryanto
ID4ID • Blitzscaled Product Strategy @Netflix's 10x growth • Co-founded @Urbanindo • Learned hustling @Hercules Capital
Joined February 2020
BrandlessTimeline (+387/-49 characters)
February 10, 2020
SoftBank-Backed Brandless shutters less than 2 years after SoftBank Group Corp.’s Vision Fund said it would invest $240 million in the startupcommitment.
The board said “the direct-to-consumer market is fiercely competitive and ultimately proved unsustainable for their business model.”
The Vision Fund paid out about $100 million of its promised investment into Brandless up front. But a promised second tranche never arrived as the company struggled to hit targets while building out its own warehouse and distribution network.
Timeline (+1 events) (+143 characters)
February 10, 2020
SoftBank-Backed Brandless shutters less than 2 years after SoftBank Group Corp.’s Vision Fund said it would invest $240 million in the startup.