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10 Indian Startups that closed in 2019

07/01/2020
Shut-Down-Business

India has the 3rd 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

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

Doodhwala (PRNewsfoto/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

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

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

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

buttercups_landing

Founders: Arpita Ganesh
Founded In: 2013
Business Category: Online lingerie startup
Shut down Reason: Reasons unknown
Closed In: September 2019

#7 Doctalk

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

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

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

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
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