US-based interior design startup Modsy shut down abruptly
San Francisco-based Modsy online interior design services startup Modsy has quietly shut down operations. The ceasing of operations suddenly has reportedly left several customers with unfinished renovations and project orders in process. According to a report in TechCrunch, the company has also laid off its employees including designers.
Uncertain market hit Modsy
Shanna Tellerman, founder and CEO, Modsy told the publication in an email, “Capital constraints and uncertain market conditions forced the company to cease operations on July 6 and lay off all employees.” He added that the company’s assets were acquired by a “new entity” out of an