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

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

Why Indian social media app's are being shut down ?

Indian startups that shut shop in 2024

Here’s a quick list of failed Indian startups: 1. Zilingo – Shut down due to financial mismanagement. 2. Fynd – Failed due to stiff competition and unsustainable profits. 3. Katerra India – Shutdown due to poor execution and market adaptation is

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.

Ashneer Grover shut down his startup CrickPe after two years of its launch, due to taxation issues and a regulatory environment.

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

After Stripe, Lemonsqueezy may shut it's operations down in India, some users reported, not onboarding Indians.

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