The UK-based Augmented Reality(AR) startup, Blippar has fallen into administration a couple of weeks back just before Christmas! Once a much-hyped startup has also laid off all of its employees as a part of the administration process. According to the fallen startup, Paul Appleton and Paul Cooper, of David Rubin and Partners, has been appointed as administrators by the UK court.
For the uninitiated, going into administration effectively means the company is being taken under the management of a court-appointed administrator. The administrators, will be expected to find a buyer for all or parts of the business.