🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Mark

70 • 12m

Failed startup story Russsh was founded in 2012 by Bharat Ahirwar. Russsh offered both first-mile and last-mile on-demand delivery services to individuals and businesses. The company claimed to have a database of over 50,000 loyal clients and completed 500,000 transactions. However, on June 3rd, 2019, the company announced its closure. Reason for failure: The major reason for Russsh's failure was the lack of funds. It was a self-funded startup and in the absence of enough funds, Russsh was unable to resist the intense competition from its rivals. Bharat Ahirwar also admitted that being a single-founder venture and the absence of a strong team were equally responsible for Russsh's shutdown. Learning from the failure : A core team plays a very big role in the success of a startup.

10 replies29 likes
4
Replies (10)

More like this

Recommendations from Medial

Image Description
Image Description

Sagnik Sen

Building GrindX • 8m

What is the main reason for the failure of Ed Tech Startups in India according to you? #edtech #startup #bujus #allen #pw #physicswallah

11 replies4 likes
Anonymous
Image Description
Image Description

Anonymous

Hey I am on Medial • 5m

In short make in India was a failure

4 replies2 likes
Image Description
Image Description

Havish Gupta

Figuring Out • 1y

The only reason that led to Byju's Failure. Aditya also got offered 1.4 crore to take down this video (he said in a podcast).

3 replies13 likes
Image Description
Image Description

Vyapari

Yadav • 3m

Why New age startups mostly fail ? what becomes the common reason for failure among them ? any idea 💡

13 replies6 likes
3
Image Description
Image Description

Sandip Kaur

Hey I am on Medial • 7m

The Fear of Failure: How It Can Be Your Greatest Asset Failure is often seen as the ultimate fear in the business world, but what if it could be your biggest advantage? Here’s how embracing the fear of failure can lead to success: 1. Learning Opportu

See More
7 replies14 likes
3
Image Description
Image Description

Melon Tusk

 • 

Tesla • 11m

The reports of my absence is highly exaggerated. It's good to see the place getting highly crowded 👍

8 replies18 likes
Image Description
Image Description

Vatan Pandey

🚀 Founder & CEO at ... • 26d

🚀 90% Startups Fail! But Why? 🤔 Every entrepreneur dreams big, but most startups fail! 📉❌ What’s the real reason behind it? 💡 In your opinion, what’s the biggest reason behind a startup’s failure? Drop your thoughts in the comments! 💬👇

4 replies4 likes
Image Description
Image Description

Jaswanth Jegan

Founder-Hexpertify.c... • 10m

What might be the reason?He was against the tie up of Apple and Open AI still withdrawn the lawsuit

11 replies13 likes

Comet

#uiux designer #free... • 11m

"Am 1 a success or a failure?" If you are a failure, no amount of explanation will change the results, for the one thing the world will never forgive is failure. The world wants smccesses; it worships successes, but it has no time for failures.

See More
0 replies3 likes
1
Image Description
Image Description

Anirudh Gupta

CA Aspirant|Content ... • 10m

Meme news #4 The ministry of railways has asked it's integral coach factory to build two trains with maximum speed of 250 km/hr and running speed of 220 km/hr. These trains will be a part of vande Bharat platform with a view to increase the speed o

See More
5 replies10 likes

Download the medial app to read full posts, comements and news.