12 Indian Startups That Shut Down in 2024 โ What Went Wrong? ๐ While the startup ecosystem witnessed unicorn success, 2024 also saw the unfortunate shutdown of 12 startups, despite millions in funding. Letโs take a closer look: Startups That Called It Quits 1๏ธโฃ Koo: Social media giant raised $50M, yet couldnโt sustain. 2๏ธโฃ Toplyne: Enterprise tech startup, funded $17.5M, struggled to find footing. 3๏ธโฃ Kenko.: Healthtech with $13.7M funding couldnโt stay afloat. 4๏ธโฃ Bluelearn: Edtech raised $3.95M, but faced operational challenges. 5๏ธโฃ Muvin: Fintech player with $4M funding shut its doors. 6๏ธโฃ Smaller startups like GenStaq.ai, Stoa, and others faced similar fates. Why Does This Happen? Despite innovative ideas and solid funding, many startups fail due to poor scalability, market mismatch, or high burn rates. ๐ฌ Which of these closures surprised you the most? Letโs discuss what lessons future founders can learn! ๐ Follow us for startup trends and stories!
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