Startup Graveyard
The rise and fall
Indian startups that died — peak valuation, money raised, investors and the reason behind shutdown.
Startups
45
Money raised
$6.83B
Peak value wiped
$26.65B
| Startup | Founded | Peak valuation | Raised | Investors | Shutdown | Reason |
|---|---|---|---|---|---|---|
| Pocket Aces Media | 2013 | $60.00M | $17.00M | Sequoia, DSP | 2026 | Competition |
| Lendingkart Personal Fintech | 2014 | $350.00M | $100.00M | Fullerton (acquirer) | 2025 | Execution Issues |
| SastaSundar (rebrand) Healthcare | 2013 | $120.00M | $50.00M | Flipkart | 2025 | Competition |
| BharatPe Postpe Fintech | 2021 | $100.00M | $30.00M | BharatPe (parent) | 2025 | Execution Issues |
| Pillow Fund Crypto | 2021 | $75.00M | $21.00M | Accel, Quona | 2025 | Funding Winter |
| Cashfree Earn Fintech | 2022 | $40.00M | $8.00M | Cashfree (parent) | 2025 | Execution Issues |
| Buildd.co Edtech | 2022 | $20.00M | $4.00M | Better Capital | 2025 | Execution Issues |
| Byju's Edtech | 2011 | $22.00B | $5.10B | Tiger, Prosus | 2024 | Execution Issues |
| Dunzo Quick Commerce | 2014 | $800.00M | $500.00M | Reliance, Lightbox | 2024 | Poor Unit Economics |
| Mfine Healthcare | 2017 | $450.00M | $80.00M | SBI Inv., Heritas | 2024 | Funding Winter |
| Koo Social | 2020 | $275.00M | $65.00M | Tiger, Accel | 2024 | Competition |
| FabAlley Fashion | 2012 | $80.00M | $14.00M | India Quotient | 2024 | Competition |
| Toplyne SaaS | 2021 | $40.00M | $17.00M | Sequoia, Tiger | 2024 | Execution Issues |
| Bluelearn Edtech | 2021 | $35.00M | $5.00M | Lightspeed, Elevation | 2024 | Execution Issues |
| TapChief SaaS | 2016 | $35.00M | $5.00M | Matrix | 2024 | Execution Issues |
| SuperShare (Multipl) Fintech | 2020 | $30.00M | $5.00M | Lightspeed | 2024 | Execution Issues |
| Investmint Fintech | 2022 | $20.00M | $2.00M | Kalaari | 2024 | Execution Issues |
| Zestmoney Fintech | 2015 | $470.00M | $130.00M | Goldman Sachs, Quona | 2023 | Execution Issues |
| GoMechanic Auto | 2016 | $285.00M | $62.00M | Sequoia, Tiger | 2023 | Fraud |
| Mojocare Healthcare | 2021 | $100.00M | $28.00M | Sequoia, Chiratae | 2023 | Fraud |
| FrontRow Edtech | 2020 | $70.00M | $16.00M | Lightspeed, Elevation | 2023 | Funding Winter |
| Anar B2B | 2020 | $60.00M | $9.00M | Sequoia, Accel | 2023 | Funding Winter |
| Akudo Fintech | 2021 | $60.00M | $5.00M | Y Combinator, Incubate Fund | 2023 | Funding Winter |
| Crefin Fintech | 2020 | $30.00M | $6.00M | Angel | 2023 | Execution Issues |
| Pratilipi FM Media | 2020 | $30.00M | $8.00M | Krafton | 2023 | Funding Winter |
| Sequretek's CryptoExchange (Buyhatke) Crypto | 2014 | $25.00M | $5.00M | Mumbai Angels | 2023 | Funding Winter |
| Voonik Fashion | 2013 | $110.00M | $23.00M | Sequoia, Times Internet | 2022 | Competition |
| Lido Learning Edtech | 2019 | $100.00M | $25.00M | Ronnie Screwvala | 2022 | Funding Winter |
| Udayy Edtech | 2019 | $50.00M | $11.00M | Norwest | 2022 | Funding Winter |
| Voiro SaaS | 2014 | $35.00M | $8.00M | Exfinity | 2022 | Competition |
| SuperLearn Edtech | 2020 | $30.00M | $6.00M | Better Capital | 2022 | Funding Winter |
| Vakilsearch Legalkart Legal | 2015 | $12.00M | $2.00M | Angel | 2020 | Competition |
| DocTalk Healthcare | 2015 | $25.00M | $6.00M | Khosla, Matrix | 2019 | Execution Issues |
| Doodhwala Grocery | 2015 | $15.00M | $5.00M | Omidyar | 2019 | Poor Unit Economics |
| Turant Delivery Logistics | 2015 | $10.00M | $3.00M | Angel | 2019 | Poor Unit Economics |
| Shotang B2B | 2013 | $20.00M | $11.00M | Bessemer, SAIF | 2018 | Execution Issues |
| Stayzilla Travel | 2005 | $30.00M | $34.00M | Matrix, Nexus | 2017 | Poor Unit Economics |
| Yumist Food | 2014 | $20.00M | $5.00M | Orios, Ronnie Screwvala | 2017 | Poor Unit Economics |
| Cardback Fintech | 2014 | $8.00M | $2.00M | Mountain Partners | 2017 | Competition |
| AskMe Internet | 2010 | $300.00M | $300.00M | Astro Holdings | 2016 | Execution Issues |
| PepperTap Grocery | 2014 | $100.00M | $51.00M | SAIF, Sequoia | 2016 | Poor Unit Economics |
| Roadrunnr Logistics | 2014 | $50.00M | $11.00M | Sequoia, Nexus | 2016 | Poor Unit Economics |
| TinyOwl Food | 2014 | $40.00M | $28.00M | Sequoia, Matrix | 2016 | Competition |
| LocalBanya Grocery | 2011 | $25.00M | $9.00M | Karmvir Avant, Mumbai Angels | 2015 | Poor Unit Economics |
| Dazo Food | 2014 | $12.00M | $1.00M | Angel | 2015 | Competition |