// startup autopsy
Selltag
A web-based buy and sell platform for users to trade goods and digitally created content.
marketfitSilent Shutdown
Quiet closure with no public announcement
| Founded | 2014 |
|---|---|
| Closed | 2015 |
| Country | Spain |
| Sector | Marketplace |
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Key Events Timeline
FOUNDING
Selltag is founded as a web-based marketplace platform by four entrepreneurs.
PRODUCT LAUNCH
Selltag launches with web platform allowing users to buy and sell goods.
MILESTONE
Selltag expands to iOS and Android mobile apps and integrates social network features.
FUNDING
Selltag completes first funding round, raising capital from 7 investors.
FEATURE LAUNCH
Selltag launches Teletransporto feature for integrated shipping and goods arrangement.
CRISIS
CEO resigns mid-fundraising round, expressing belief that the company cannot compete and the business model is unsustainable.
SHUTDOWN
Selltag shuts down after failing to solve the buyer-seller imbalance problem and secure sustainable funding.