GoMechanic shut down in 2023 after admitting to financial misreporting and inflated revenue figures, leading to a massive loss of investor trust.
Lido Learning, once a rising EdTech startup, collapsed in 2022 after running out of funds and abruptly ceasing operations without paying employees.
FrontRow failed in 2023 despite celebrity-led courses, suffering from low engagement, limited monetization, and poor product-market fit.
ZestMoney, a BNPL fintech, shut down in 2023 due to regulatory pressure, high NPAs, and the failed acquisition by PhonePe.
Vedantu Superkids was discontinued after low retention in early learners and post-COVID EdTech saturation made the sub-brand unviable.
Rebel Foods scaled back its Faasos cloud kitchens after 2022 due to poor unit economics and weak demand in non-metro locations.
Dunzo, backed by Google and Reliance, neared collapse in 2024 with salary defaults, vendor dues, and unsustainable hyperlocal delivery costs.
Trell became nearly non-operational by 2023 after internal conflicts, poor financial governance, and a lack of monetization strategy.
Kyt, offering online hobby classes, shut down in 2023 as pandemic-driven demand faded and customer retention remained weak.
Furlenco downsized operations in 2023 as shifting consumer behaviour, high logistics costs, and asset-heavy operations became unsustainable.