Back

2024’s Startup Graveyard: 12 Indian Startups That Shut Down This Year

Massive startup shutdowns in India Over 28,000 Indian startups have shut down in the past couple of years (15,921 in 2023; 12,717 in 2024) amid correction in funding. The number of new startups being launched is also falling.

🚨 Several Indian startups have shut down in 2025 — including Dunzo, Leap.club, and BluSmart — marking another tough year for the ecosystem.

Top ESOP Buybacks by Indian Startups in 2024,🔥 ▫️Employees Earned INR 1,750 Cr Through Buybacks

Indian Startup Funding Touches $12 Bn+ In 2024, Stabilizes To 2020 Levels 💸 $12B raised: Indian startups netted over $12B in 2024, up 20% from last year. 💳 Fintech leads: Fintech secured over $2.5B across 162 deals, leading sectoral investments.

Nearly 60% of Indian startups shut down due to poor market demand Not tech. Not team. Just building something nobody wants.

2024: The Year of Indian IPOs • In 2024, 13 Indian startups went public and made over Rs 29,000 crore ($3.4 billion). • These included Swiggy, Mobikwik, Ola Electric, FirstCry, Ixigo, and Unicommerce. Swiggy did well, Mobikwik was popular, and Ola

12 Indian Startups That Shut Down in 2024 – What Went Wrong? 💔 While the startup ecosystem witnessed unicorn success, 2024 also saw the unfortunate shutdown of 12 startups, despite millions in funding. Let’s take a closer look: Startups That Calle

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

Indian startups raised over $135 million from June 3 to June 8, 2024; Fibe tops the list.