| Founded | 2016 |
|---|---|
| Closed | 2020 |
| Country | Canada |
| Sector | Logistics |
| Collapse type | Silent Shutdown |
Shypdirect
"Undercutting Canada Post on price is a race to the bottom nobody wins."
Quiet closure with no public announcement
Key Events Timeline
Shypdirect, a Toronto-based last-mile delivery startup competing with Purolator and Canada Post, shut down in 2020 after burning through CAD $15M in venture funding without achieving unit economics.
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