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2019 In Review: Indian Startups Which Shut Shop This Year

In the Indian startup ecosystem, most of the stakeholders have been busy celebrating funding success and growth, even in the face of no profits. While there is no investor who has not seen a portfolio startup fail, their confidence and hope for disruption keep the ball rolling for newer startups as well as those who have managed to survive the Valley of Death.

It has been widely acknowledged fact in India that even million-dollar fundings and years of strategic planning haven’t been able to save several startups from dying a premature death. In 2016, it was blamed on dearth of funding; in 2017 on lack of market demand; in 2018 it was lack of originality and failure to raise follow-on funding and in 2019, we have seen a mix of it all.

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