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Vikas Acharya
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Medial • 6m
In 2024, several Indian startups shut down due to funding shortages, unsustainable business models, and market challenges. 1. Kenko Health: Insurtech startup shut in August after running out of funds and facing legal issues with a debt fund. 2. Koo: Rival to Twitter, ceased in July due to high tech costs and failed partnerships. 3. Toplyne: Sales software provider closed in October after failing to achieve product-market fit. 4. My Tirth India: Spiritual tech firm shut in August following a funding crunch after its mentor Subrata Roy's demise. 5. Bluelearn: Edtech platform closed in July, returning 70% of funds to investors after struggling in the market. 6. Stoa School: MBA-focused edtech firm shut in November without disclosed reasons. These closures reflect the challenges startups face in scaling sustainably amid economic pressures.
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