14 hours Ago
In 2024, Indian startups faced a reckoning. Amid the fanfare of six new unicorns and a thaw in the funding winter, a sobering reality played out - numerous startups shut shop across various sectors. From edtech to fintech, several ventures fell by the wayside, citing reasons ranging from funding droughts to unsustainable business models.
ET Year-end Special Reads Corporate Kalesh: Top family disputes of India Inc in 2024 The world of business lost these eminent people in 2024 Fast, faster, fastest: How 2024 put more speed into your shopping As the year closes, let's take a look at the startups that didn't survive 2024. Kenko Health Insurtech startup Kenko Health shut its operations in August after running out of funds. Cofounder Aniruddha Sen told employees that the company was unable to infuse equity capital in time due to various internal reasons.
The startup hadn't paid its staff salaries for months and had laid off 20% of its workforce in 2023. The company, backed by Peak XV Partners and Orios Venture Partners, has been taken to the National Company Law Tribunal by a debt fund that had given it a loan, Sen said. Web Development A Comprehensive ASP.
NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Future of Marketing & Branding Masterclass By - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant View Program Strategy ESG and Business Sustainability Strategy By - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought Leader View Program Finance Financial Literacy for Non-Finance Executives By - CA Raja, Chartered Accountant | Financial Management Educator | Former AVP - Credit, SBI View Program Web Development Intermediate Java Mastery: Method, Collections, and Beyond By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Learn InVideo AI: Create Videos from Text Easily By - Prince Patni, Software Developer (BI, Data Science) View Program Data Science MySQL for Beginners: Learn Data Science and Analytics Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Tabnine AI Masterclass: Optimize Your Coding Efficiency By - Metla Sudha Sekhar, IT Specialist and Developer View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, IT Specialist and Developer View Program Office Productivity Microsoft Word Mastery: From Beginner to Expert By - CA Raj K Agrawal, Chartered Accountant View Program Office Productivity Advanced Excel Course - Financial Calculations & Excel Made Easy By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Finance Value and Valuation Masterclass By - CA Himanshu Jain, Ex McKinsey, Moody's, and PwC, Co - founder, The WallStreet School View Program Web Development C++ Fundamentals for Absolute Beginners By - Metla Sudha Sekhar, IT Specialist and Developer View Program Data Science SQL Server Bootcamp 2024: Transform from Beginner to Pro By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Modern Marketing Masterclass by Seth Godin By - Seth Godin, Former dot com Business Executive and Best Selling Author View Program Web Development Django & PostgreSQL Mastery: Build Professional Web Applications By - Metla Sudha Sekhar, IT Specialist and Developer View Program Koo Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Koo, the homegrown social media platform which posed as a rival to Twitter, shut down in July due to failed partnership talks and high technology costs. Founders Aprameya Radhakrishna and Mayank Bidawatka announced this on networking platform LinkedIn, citing the challenges of keeping a social media app running without sufficient funding.
Toplyne Bengaluru-based Toplyne, a sales software provider for product-led companies, wound down its operations in October due to its inability to achieve product-market fit. The Tiger Global-backed company said it will return capital to its investors. “After 3.
5 years of building Toplyne, we’ve made the tough decision to wind down operations and return capital to our investors. Despite our best efforts, we couldn’t reach the scale or product-market fit we aimed for,” cofounder Ruchin Kulkarni said in a post on X. My Tirth India Spiritual tech startup My Tirth India closed shop in August due to a shortage of funds.
The Mumbai-based company was a pilgrimage and darshan site offering a one-stop portal to travel around India's religious destinations. Founder and CEO Indraneel Dasgupta attributed the failure of the company to a funding shortage following the demise of its principal shareholder and mentor Subrata Roy, the founder of Sahara India Pariwar. Bluelearn Elevation Capital-backed upskilling and job finding platform Bluelearn shut down operations in July and said it will return 70% of the capital to its investors.
The edtech company had raised $4 million in funding from venture capital firms like 100x VC, Titan Capital, Elevation Capital and Lightspeed along with angel investors like Meesho founders Vidit Aatrey and Sanjeev Barnwal, Pixxel founder Awais Ahmed, among others. Stoa Zerodha cofounder Nithin Kamath backed-edtech firm Stoa School shut down in November , without disclosing reasons. The edtech firm founded in October 2020 by Kulkarni and Raj Kunkolienkar, offered a six-month MBA programme, competing with the likes of Masters’ Union and Mesa School of Business.
.
