- When Startup Explodes, What An Entrepreneur Should Do Lots of articles are written about how to launch a new startup, and there are plenty of consultants, advisors, incubators, and accelerators who will help you to do so – after all, the birth of something new is always a time of excitement! Unfortunately, very little is written about what needs to be done when […]
- Ratan Tata Backed Online Fashion Startup Kaaryah Pulls Down Shutters Ratan Tata-backed online women’s fashion portal Kaaryah has closed shop, after being operational for over three years. The Gurugram-based startup has pulled down the shutters due to lack of sufficient funds. Commenting on the development, Kaaryah founder and CEO Nidhi Agarwal said, “It was not sudden. We have been trying to raise funds for the […]
- FoodTech Startup Yumist Shuts Down; Blames High Burn And Failure To Raise Funds Gurugram-based foodtech startup Yumist has shutdown its operations. Founded by former Zomato official, Alok Jain, along with restaurateur Abhimanyu Maheshwari in November 2014, Yumist, served home-style meals prepared in their own kitchens. As per the founders, failure in raising funding was one of the reasons behind the shutdown. In a detailed blog post, founders, Alok […]
- Aditya Birla Group’s Online Fashion Venture abof.com Heading For A Shutdown abof.com (aka – all about fashion), an online fashion platform for apparel, footwear and accessories and a subsidiary of Fortune 500 company Aditya Birla Group is reportedly planning a shutdown. An Inc42 source on condition of anonymity told us that employees were informed in a townhall meeting that the company is planning to wind up its […]
- Startup Shutdowns In India: 8 Startups That Called It Quits In 2017 Note – Find the updated list of Startups that failed in 2017, from Inc42’s #2017InReview series. In a dynamic entrepreneurial environment, startup shutdowns are a part of the ecosystem. This is an undeniable fact. As per a recent IBM and Oxford study, 90% of the startups in India fail within the first five years of inception. […]
- Indonesian Telco Indosat Ooredoo Shuts Down Ecommerce Arm – Cipika Indonesia-based telecom company, Indosat Ooredoo has reportedly decided to shut down its ecommerce vertical, Cipika. Cipika was launched in 2014 and sold electronics items on its platform. The ecommerce marketplace will stop operations from June 1, 2017. The last transaction it facilitated was on May 22, 2017, as per e27. In a formal announcement of […]
- Uber To Ride On Indian FoodTech Space With UberEATS; Plans Launch By Second Quarter Of 2017 With the Indian ecommerce segment already battling fierce competition from foreign players, the next hot space on the global radar is Indian foodtech. Just last week, Google entered the hyperlocal vertical with Areo. Not to be outdone, Uber has announced the launch of its food delivery app UberEATS in the second quarter of 2017, as […]
- How To Shut Down A Startup There is a lot of excitement when you start up your startup and there are lots of books which will tell you how to go about this process. You will find lots of advisors, mentors and coaches, who will tell you how to incorporate your company, get funding, set up your office, hire a team, […]
- A New Twist In The Stayzilla Arrest – Founders Accused Of Committing Fraud And Embezzling Funds I just published “Help! I need everybody…” https://t.co/2ladYJoElW — Yogendra Vasupal (@YogiVasupal) March 14, 2017 Yogendra Vasupal’s tweet had a lot to say. The picture painted by the blog post, the news of the arrest and the alleged threats received by the founders of Stayzilla shook the entire Indian startup community today. The medium post which highlighted […]
- Godzilla Of Home And Alternate Stays, Stayzilla Shuts Down – Founder Admits Failure, Plans A ‘Reboot’ “Despite having a very clear lead, despite a lot of firsts, despite being successful in getting an ecosystem up from scratch pan-India, there are a few reasons why we are at this juncture,” writes Yogendra Vasupal, founder and CEO of Stayzilla. Backed by marquee venture capital firms like Nexus Venture Partners and Matrix Partners, Bengaluru-based Indian […]
- From Loud Promises To Hard Reality: Snapdeal To Shut Down Handicraft Marketplace Shopo Homegrown unicorn Snapdeal, in the wake of cutting costs and conserving cash, has decided to shut down its app-only, zero-commission, affiliate marketplace Shopo. The platform will stop operations from February 10, 2017. As stated in a blog post by Shopo, “We started, a year-and-a-half ago, from a small conference room with our mission to enable […]
- It’s Curtains Close For Taskbob – Home Utility Service Provider Shuts Down Operations Mumbai-based home utility service provider, Taskbob has reportedly shut down operations. The development was confirmed by a mail sent to Taskbob users by co-founder and CEO Aseem Khare. The mail states, “Due to unforeseen circumstances, Taskbob will be shutting down its operations as of 19th January. All the orders already placed in the system will be […]