Top 5 Startups that failed in 2021 | Startup Era

Startup Name –
Babyberry

Headquarter –
Bengaluru

Founders –
Bala Venkatachalam, Subhashini Subramaniam, Dev Vig

Launch –
2014

One of the first failed startups in 2018 is Babyberry which is a parenting app and forum dedicated to helping new parents with the care and development of their newborn babies in all aspects, such as physical, mental, and emotional. The founders shut down the company citing that they would reopen after they had solved the technical glitches as reported by customers. Around $1 million was invested.

ZEBPAY

Startup Name –
Zebpay

Headquarter –
Ahmedabad

Founders –
Saurabh Agarwal, Sandeep Goenka, Mahin Gupta

Launch –
2014

ZebPay is an cryptocurrency exchange and wallet provider headquartered in Singapore with a registered office in Australia. It was operational in over 163 countries, including India.

ZebPay was founded in 2014 by co-founders Sandeep Goenka, Saurabh Agarwal and Mahin Gupta. The company launched its wallet service in the same year and soon grew to become the biggest cryptocurrency exchange in the country. In July 2015, ZebPay launched its app for traders, and in December 2017 the company had a trading volume of USD 1 billion. In 2018, the RBI released a notice stating that entities regulated by it shall not deal in virtual currencies, causing many exchanges in the country, including ZebPay, to shut operations in India.

It is important to give your one hundred percent to every startup you work in or found because it is a learning process. Taking risks and exploring the unknowns will give you a world of exposure rather than sticking to your comfort zone for the sake of success.

JUST BUY LIVE

Startup Name –
Holachef

Headquarter –
Mumbai

Founders –
Bharat Balachandran, Sahil Saini

Launch –
2015

Just Buy Live Enterprise Private Limited is a Private incorporated on 04 February 2015. It is classified as Non-govt company and is registered at Registrar of Companies, Mumbai. Its authorized share capital is Rs. 10,000,000 and its paid up capital is Rs. 3,385,567. It is inolved in Business activities n.e.c.

Just Buy Live Enterprise Private Limited’s Annual General Meeting (AGM) was last held on 31 December 2017 and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 March 2017.

Even with massive funding of 700 crores, their faulty business model and negative cash flow contributed to their failure.

STAYZILLA

Startup Name –
Stayzilla

Headquarter –
Bengaluru

Founders –
Yogendra Vasupal, Rupal Yogendra, Sachit Singhi

Launch –
2005

For the initial 5-6 years, Stayzillahad operation issues as the platform was running on the savings that were accumulated by the founders. The founders were making decent profits on the investments, and Stayzilla had a steady run, but this grew their ambitions, and they decided to gather funding.

Four rounds of funding later from 2013 to 2016, Stayzilla bagged $34 million in funding, and these were gathered because of venture capitalists and investors like Matrix Partners, Sequoia Capital, and Nexus Venture Partners.

2014 was significant for them as they had 15,000 stays and a network with 11,000 cities in India. By 2016, they were collaborating with state tourism departments, undertaking eco-tourism initiatives, and expanding CSR initiatives.

CONTENTMART

Startup Name –
Contentmart

Headquarter –
Gurgaon

Founder –
Anton Rublevskyy

Launch –
2015

As we all know that the Contentmart is rising in the game of offering unique and good article and content services along with other big players such as WorkHire, Indian Freelance writers, Writersbay and Lexiconn. These content writing services offer freelance content writers with the flexible source for earning. You can find many writing jobs online but not all the services reliable. If you take these jobs from unauthorized sources, it may cause issues to writers in India.

When it comes to the payment of writers, Contentmart play a vital role in this. Money goes from the client to an escrow account as Contentmart needs clients to approve article before releasing the payment to the writer. So, there is no risk on working with this site. However, if the work of writer isn’t of good quality, you have wasted time creating the job posting, reading the work, and selecting a writer — and you need to begin the procedure again.

The nature of jobs was not restricted to blogging; any content related job was put up on the platform. They extinguished revenues ( which is the third reason behind the failure of startups) and also lacked a business model, which led to their shutting down in August 2018.

Leave a Comment

Your email address will not be published. Required fields are marked *

Open chat