Stellaris-Backed BeepKart Shuts Down Used Two-Wheeler Operations

BeepKart, a company that sold used scooters and motorcycles, has closed down after four years.

They had received over $18 million from investors.

They tried to make buying and selling used bikes easier but struggled with making money.

While their sales grew, they also lost a lot of money.

They had opened stores in multiple cities, but it became hard to stay in business.

Customers also complained about the quality of bikes and services.

Several key people left the company as well.

This is one of many companies that have struggled in the used two-wheeler market.