10 Indian Startups that closed in 2019

 

India has the 3^rd largest startup ecosystem in the world with several excellent business models, brilliant ideas and unicorn companies.

Even though India has the biggest startup network in the world, 4 out of 5 Indian startups fail due to lack of a scalable business model, lack of capital and wrong operation.

Most of the startups failed and were forced to shut down with in the first 5 years of their inception.

10 Failed Indian Startups 2019

#1 Wooplr

Founders: Arjun Zacharia and Ankit Sabharwal

Founded In: 2013

Business Category: Social commerce platform

Shut down Reason: Negotiations for a merger fell through

Closed In: May 2019

#2 Doodhwala

Founders: Aakash Agarwal and Ebraham Ali Akbari

Founded In: 2015

Business Category: Subscription-based hyperlocal delivery startup

Shut down Reason: Failure to raise follow-on funding

Closed In: October 2019

#3 Russsh

Founders: Bharat Ahirwar

Founded In: 2012

Business Category: Errand-running and delivery service

Shut down Reason: Lack of capital to offer heavy discounts against competitors

Closed In: June 2019

#4 Koinex

Founders: Rakesh Yadav, Rahul Raj and Aditya Naik

Founded In: 2017

Business Category: Facilitated real-time trading of multiple cryptocurrencies

Shut down Reason: Lack/delay of the regulatory framework for cryptocurrencies

Closed In: June 2019

#5 Cryptokart

Founders: Gaurang Poddar and Mihir Modi

Founded In: 2017

Business Category: Cryptocurrency exchange firm

Shut down Reason: No clarity over policy frameworks

Closed In: July 2019

#6 Buttercups

Founders: Arpita Ganesh

Founded In: 2013

Business Category: Online lingerie startup

Shut down Reason: Reasons unknown

Closed In: September 2019

#7 Doctalk

Founders: Krishna Chaitanya Aluru, Akshat Goenka and Vamsee Chamakura

Founded In: 2016

Business Category: Messaging app for doctors and patients

Shut down Reason: Unsuccessful pivot

Closed In: June 2019

#8 Tinmen

Founders: Mukesh Manda and Chaitanya Degala

Founded In: 2015

Business Category: Home-cooked food for working professionals

Shut down Reason: Failed to raise additional capital

Closed In: December 2019

#9 Loanmeet

Founders: Sunil Kumar and Ritesh Singh

Founded In: 2016

Business Category: Enabling working capital requirements

Shut down Reason: Failure to raise more capital

Closed In: May 2019

#10 Zopnow

Founders: Mukesh Singh and Bal Krishna Birla

Founded In: 2011

Business Category: Online grocery delivery

Shut down Reason: Unable to grow and raise capital

Closed In: March 2019

Research & Case Studied by : Delhi School of Internet Marketing