When the local supply chain company closed down, Herschel Supply Co. was left with little choice but to close its doors, which left the company in a precarious position.
The company has been unable to make payments to suppliers, as it was not able to process the payments.
“It was a difficult decision to make.
At the end of the day, it was more about finances than any of that,” says CEO Rishi Gupta.”
It was difficult to get things sorted out because it was such a large business,” he adds.
The startup had to close up shop after losing a court case with the state government.
In the meantime, it had to shut down its website and its customer support and support forums, and to make the decision to shut itself down.
The startup had also shut down the company email system, which it says has been a major hindrance in keeping up with the business.
The Herscher supply company says it will continue to operate, though it is uncertain if the company will be able to keep up with its business needs.
“We are not planning to shut our doors.
We are going to keep operating as a supply company, but we are not going to be able help you any further.
We will be available for the future,” Gupta said in an email.