Startup Shutdown

Gurgaon based Eatonomist, an online food delivery startup that used to deliver meals prepared in its own kitchens, has shutdown its operation lately.As of now the Eatonomist website says -- "We will be back shortly"Exactly a year ago, the startup had raised an undisclosed...

Chennai based hyper-local delivery startup Genie on Monday announced that it would cease operations due to insufficiency of funds and lack of investor interest. In a Facebook post, the founders announced the decision to close down operations.“We have been trying very hard to raise a round...

Mumbai based home & beauty services startup, Taskbob, owned by Crenovative Ideas, shuts down its operations, the company informed users in an email that was reviewed by IndianWeb2.In an internal communication, Taskbob co-founder and CEO Aseem Khare said the company shut down its operations as of January...

Last year i.e in 2015, about 140 startups shut their shops but this year Indian startup ecosystem saw the one of the worst downturn as the number is 50% higher then the previous year. According data analytics firm Traxcn, year 2016 witnessed 212 startups shut down and not survived...

Startups have been mushrooming in every segment now! Starting of a new business, scaling up and close down has become a part of the startup ecosystem. In every segment, there are plenty of imitator business ideas that struggled hard to survive but eventually failed. If we just checkout 2016...

Delhi-based ClassVerse, a marketplace providing users access to fitness studios and classes, has shut down after operating for nearly 10 months of its operations & launch.Rukaiya Kanchwala, founder of ClassVerse and former director of marketplace at Jabong, said the firm closed operations last month as it was difficult...