Lessons from startup failures, shutdowns, pivots, and corporate mistakes.
The majority of OnePlus's offline retail locations in India are about to close. A dramatic shift in the company's approach to the market has occurred as it adopts a direct-to-consumer (D2C) model based on doing business online. A number of partner-run exclusive stores around the nation
In order to focus on coding, reasoning, and enterprise AI solutions, OpenAI will shut down its Sora video app. In a change of focus toward core artificial intelligence technologies, OpenAI has announced on 24 March that it will shut down its Sora video-generation app. The business has promised to announce
The illustrious Hard Rock Café's parent company, Hard Rock International, announced the termination of its partnership with JSM Corporation, an Indian franchisee, on March 16th. Consequently, ending business as usual at all locations. Sanjay Mahtani and Jay Singh's JSM Corporation brought the brand, which is widely
As the high-end retailer starts to shutter stores around the country, Saks Fifth Avenue will lay off over 1,200 workers. This is a pre-filing phase in the restructuring process that will take place after this year's Chapter 11 bankruptcy. Several WARN (Worker Adjustment and Retraining Notification) applications
On March 10, Minister of State (MoS) for Commerce Jitin Prasada informed Parliament that as of January 2026, over 6,700 startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) had closed their doors. Prasad stated in a written response presented to the Lok Sabha that
The information reports that Meta has temporarily shut down its Tel Aviv offices due to the continuing Israel-Iran hostilities. According to the reports, the IT company's decision will have an impact on some 900 employees in Tel Aviv. Employees were allegedly notified of the office closure in a
Mumbai has been hit the hardest so far. Industry groups say around 20% of hotels and restaurants in the city have temporarily shut because they cannot secure commercial LPG cylinders. According to the Hotel and Restaurant Association of Western India, many establishments ran out of cooking gas over the past
In April 2026, Meta will terminate Messenger.com. As a result, Facebook is bringing back browser-based texting and dismantling Messenger's standalone web presence. Alerts that appear in the Messenger app and on the website are already informing users. Meta has announced that as of April 2026, messenger.com
India’s startup ecosystem continued to see steady capital inflows across AI, deeptech, career access, consumer brands, and recruitment tech. From Shark Tank India-backed consumer plays to multi-million dollar AI rounds, today’s funding activity highlights strong investor appetite across early and growth stages. Here’s your detailed roundup. Daily
The marketing department of Barclays is getting ready to relocate from London to India. As the bank seeks to reduce expenses and increase its utilisation of artificial intelligence, this change could threaten the employment of as many as fifty people. The in-house advertising business of the British lender will be
Juleo, an online matchmaking platform, has ceased operations. After failing to get additional funding, the startup's cofounder Varun Sud announced on LinkedIn that the company is "pausing" its services. Sud boasted that the company had created a fraud-proof AI matchmaker, identified the product-market fit, and helped
A ban on bike taxi services functioning throughout the state was overturned by a division bench of the Karnataka High Court. Hence, allowing app-based two-wheeler transport platforms to reopen. Chief Justice Vibhu Bakru and Justice CM Joshi overturned a one-judge bench decision on 23 January that had earlier supported the
On January 21, Ubisoft revealed a reorganisation initiative that has led to the cancellation of up to six games, studio closures, and the division of its business into five "Creative Houses". After years of development, Ubisoft has thrown Prince of Persia: The Sands of Time Remake into the
Accel-backed startup Pync has ceased operations because to growing competition in the quick home services market. According to a statement from rival Snabbit, Pync's three cofounders—Harsh Prateek, Mayank Sahu, and Dev Priyam—have recently joined the company. All three co-founders have joined in at senior positions spanning
Indian AI-first fashion startup Alle has officially shut down after operating for around two and a half years. The update was shared by co-founder Prateek Agarwal in a LinkedIn post, where he confirmed that the decision to close the company was taken in October 2025 after multiple attempts to find
India’s startup and business ecosystem witnessed a mix of funding activity and strategic corporate developments on December 24, 2025. Healthtech and alternative finance remained in focus as Sensa Core Medical Instrumentation secured a USD 72 million investment from Motilal Oswal Alternates, while Anicut Capital successfully closed its third private
Sales managers open spreadsheets each Monday to reassign territories after a rep quits, a merger closes, or customer lists expand past what current zones can handle. Someone pulls census data from one platform, route distances from another, and account values from the CRM. By Wednesday, the new map is ready.
Following regulatory approvals, the $375 million purchase of HARMAN's Digital Transformation Solutions (DTS) business unit by IT services provider Wipro was finalised on 2 December, the firm announced. According to a statement from the Bengaluru-based IT company, the DTS acquisition was announced on August 21, 2025, and if
In a significant legal decision, a US bankruptcy court in Delaware has entered a default judgement against Byju Raveendran, founder of the ed-tech firm Byju’s, ordering him to pay more than $1.07 billion. The ruling comes after the court found that Mr Raveendran repeatedly failed to comply with
HDFC Asset Management Company Limited (HDFC AMC), Investment Manager to HDFC Mutual Fund, has announced the launch of the HDFC BSE India Sector Leaders Index Fund, an open-ended scheme replicating the BSE India Sector Leaders Index (TRI). The New Fund Offer (NFO) opens on 7th November 2025 and closes on
Following the US government's shutdown on October 1st due to Congress's failure to adopt a budget or temporary funding package, NASA ceased the majority of its operations. NASA is “closed” until further notice, according to a notification on the agency’s website. The closure comes as
After 4.5 years of operation, the fintech startup Niro, which assisted consumer internet platforms in offering embedded credit products, has closed. Investors like Elevar Equity, GMO Venture Partners, Rebright Partners, Mitsui Sumitomo Insurance VC, Innoven Capital, Alteria Capital, and CRED founder Kunal Shah supported the Bengaluru-based company, which was
The UK government will support Jaguar Land Rover with a £1.5 billion ($2 billion) loan to alleviate the burden on suppliers caused by the automaker's production stop, which was brought on by a cyberattack. The government announced on 27 September that the loan, which will be given
IPO Subscription Opens on 30th September and Closes on 3rd October Zelio E-Mobility, a rapidly expanding electric two and three-wheeler manufacturer that has been doubling its growth year-over-year, today announced its ₹78 crore SME IPO - a move that signals not just expansion, but a bold declaration of intent in
Following India's complete prohibition on real-money gambling (RMG), Bharti Airtel scion Kavin Bharti Mittal is closing his 13-year-old firm Hike. In order to concentrate on international markets, including the US, UK, and Australia, Mittal had already announced ambitions to leave India. In a statement on the mailing platform
In the 1990s, if you had seen anyone pull out a camera at a family gathering or weddings, chances are you had a roll of Kodak film inside it. This brand used to be a part of people’s lives. But here comes the plot twist: Kodak is the company
The four-year journey that once promised to revolutionise India's pre-owned two-wheeler business has come to an end with the closure of Bengaluru-based Beepkart. According to a statement posted on the startup's website, BeepKart is still totally dedicated to helping its current clients. We appreciate your participation
Upon announcing that GoAir would be rebranded as Go First in 2021, the majority contended that the company was planning to launch something new. It felt like they were hitting the reset button by introducing a new name, fresh look, and a new game plan to take on the big
The Pre-Series A Funding Marks Transition from Breakthrough Research to Prototyping, Validates LENR as a Scalable Clean Energy Alternative HYLENR, a clean energy startup harnessing patented Low Energy Nuclear Reactions (LENR) to develop scalable, carbon-free heat energy systems for industrial heat and power, today announced the successful closure of around
As part of a significant restructuring of its audio division, Amazon is closing its Wondery podcast studio and laying off some 110 employees, according to Bloomberg News. In light of industry-wide difficulties, the move represents the tech giant's strategic shift away from its initial podcasting goals. As current
The investment will fuel product innovation, retail expansion, and brand-building as Fraganote aims to redefine fragrance culture in India. Fraganote Fragrances Private Limited, a modern Indian fragrance/perfumery brand, closes $1 million in a Pre-Series A funding round led by Rukam Capital. The investment marks a significant milestone in Fraganote’
Ohm Mobility, a firm that provides EV financing and leasing, is now closing its doors, joining a growing list of startup closures. Despite many turning points along the way, the five-year-old startup was unable to scale, according to cofounder and CEO Nikhil Nair. Why Ohm Mobility Shut Down: Inside the
Former proponents of democratising artificial intelligence through open-source releases of Llama at Meta, engineers and executives are now contemplating a radical philosophical shift: giving up their top open-source AI model, Behemoth, in favour of creating a closed, proprietary system. This possible withdrawal occurs at a critical juncture. Although Meta is
According to media sources, the Adani group has emerged as the front-runner to purchase Jaiprakash Associates Ltd (JAL), which is presently going through insolvency processes, with a bid of up to INR 12,500 crore. With no limitations attached, the company has offered an upfront payment of about INR 8,
The rise of the Ambani brothers, Mukesh and Anil, is one of India's most inspiring business tales. Mukesh and Anil Ambani, sons of the legendary Dhirubhai Ambani, were set to grow Reliance Industries into an even bigger empire. In 2008, Anil Ambani ranked as the sixth-richest person in
The popular food and grocery delivery service Swiggy is closing Minis, an online shopfront for creators and small businesses, in order to concentrate more on its key pillars of rapid commerce and food delivery while closing non-core enterprises. According to information obtained by a media outlet, the corporation has informed
According to various media reports, chipmaker Intel is closing its automotive branch and terminating the majority of its workforce. In the communication, the corporation stated that it intends to shut down its automotive Intel architecture division. It further stated that although it will complete current obligations to clients, "the
Almost five years after opening the digital marketplace, FMCG conglomerate ITC has shut down its online store. The "ITC Store", which was established in November 2020 during the height of the COVID-19 pandemic to take advantage of the spike in online sales, has ceased accepting orders. The independent
An insolvency plea has been filed against its substantial subsidiary, GlobalBees Brands, over claimed unpaid dues of almost INR 65 crore, according to Brainbees Solutions, the parent company of omnichannel baby products store FirstCry. Ashutosh Garg, Paritosh Garg, and Manju Agarwal have petitioned the National Company Law Tribunal's
* Extended Series A saw participation from Helios Holdings, Sharda family office, Kay family, and other existing investors * Funding to accelerate expansion to 150+ showrooms across 50+ cities in FY26, deepen product development via the new ‘O100’ platform, and scale production infrastructure within the existing facility Oben Electric, an R&
Amid concerns over its long-term viability, the Indian government is presently addressing Vodafone Idea's (Vi) financial difficulties and contemplating relief measures. Vi might not be able to fulfil obligations after 2028–2029 if payment terms are not even extended to adjusted gross revenue (AGR) dues. Although measures like
The coding platform Tynker and the children's learning platform Epic, two American assets of the struggling edtech company Byju's, were sold for a small portion of what the company had spent for them. According to a media report, both sales were allowed by a US bankruptcy
* Fresh funding of $8 million is being raised in Phase 2 of the Series A round led by Ecosystem Integrity Fund (EIF), with participation from Aavishkaar Capital * This funding builds upon the earlier Series A capital of $10 million, raised in November 2024, which was led by Ecosystem Integrity Fund
In the Balewadi-Baner neighbourhood of Pune, the dark store "Energy Darkstore Services", one of the stores of Blinkit, has been the target of significant action from the Maharashtra Food and Drug Administration. The FDA has ordered this establishment to close immediately due to numerous major irregularities and operating
In an attempt to cut expenses while one of its companies declares bankruptcy, Sunnova Energy has let go of 718 workers, or around 55% of its workforce. In a filing on 5 June's afternoon, Sunnova informed federal regulators that its wholly owned subsidiary, Sunnova TEP Developer LLC, had
As his feud with President Donald Trump erupts into open warfare, Elon Musk has threatened to shut down SpaceX's Dragon spacecraft, NASA's only US astronaut carrier. This move will set off a spiralling crisis that could ground American spaceflight, derail moon missions, and jeopardise $22 billion
LoanTap has successfully closed an INR 74 crore pre-Series C funding round, comprising INR 54 crore in equity led by July Ventures. The equity round also saw participation from existing investors such as 3one4 Capital, Avaana Capital, Kae Capital, and the Swapurna Family Office, a long-time backer since inception. Additionally,
According to media reports, used vehicle marketplace CARS24 is currently laying off an additional 120 workers from its non-core verticals as part of a reorganisation exercise, more than a month after it let off 200 workers. The non-core verticals of the Delhi NCR-based startup are being shut down or scaled
The edtech startup BYJU'S has removed its Android app from the Play Store due to continued rumblings and insolvency procedures. A preliminary search of the Play Store yields no results for BYJU'S main app. Three additional apps, nevertheless, are still accessible: "Think and Learn Premium
According to those familiar with the situation, Otipy, situated in Delhi NCR, ceased operations last week, as reported by a media outlet. On Saturday, the farm-to-fork vegetable supplier shut operations, leaving about 300 workers struggling to make ends meet. Otipy cofounder and CEO Varun Khurana told his staff during a
Builder.ai, once valued at over $1 billion, has filed for bankruptcy in May 2025. Revenue was overstated by 300%, revealing financial irregularities. Key lender seized $37 million, crippling the company’s cash flow.
The Delhi Debt Recovery Tribunal (DRT) has been contacted by the Indian Renewable Energy Development Agency (IREDA) to recover around INR 729 Cr from Gensol Engineering after the agency filed an insolvency plea against the company. The company filed an original application under Section 19 of The Recovery of Debts
The CEO of Builder.ai, a British artificial intelligence startup supported by Microsoft Corp. and the Qatar Investment Authority, announced that a major creditor had taken the majority of the company's funds, prompting the company to file for bankruptcy. Manpreet Ratia, the CEO of Builder.ai, stated in
The women-only community business leap.club is shutting down its operations after raising $2.3 million since its founding in 2020 because of expensive customer acquisition costs and retention issues. The startup used LinkedIn and Instagram to publicise the decision operations. The firm claimed to have done a lot of
Following Gensol Engineering's default on a loan of INR 510 crore, the state-run financier Indian Renewable Energy Development Agency (Ireda) filed a petition against the business under Section 7 of the Insolvency and Bankruptcy Code, Ireda said in a stock exchange filing on 14 May. The value of
BluSmart wasn’t just a job to many women; it was a pathway to financial freedom. For Amardeep Kaur, a 35-year-old homemaker, driving for the electric taxi-hailing platform was a way to achieve a household’s first kind of meaningful financial freedom. Lasting only six months, it was the kind
Microsoft has said that it will shut down Skype, its video-calling service, on May 5 of next week. Skype was one of the most popular video-calling platforms in the last two decades when it was launched in 2003. However, the emergence of WhatsApp and FaceTime for video calling, which increased
Although LG left the smartphone industry in 2021, the firm promised that its customers would receive three years of support in all formats. That is now over, and the business is telling its customers about the significant announcement that will take effect in July 2025. LG has said that it
Remember those big yellow shopping bags, overflowing racks of $5 crop tops, and packed stores at your local mall? That was the golden age of Forever 21, topping the list of budget-friendly fashion empires that made runway-inspired looks accessible to millions of young shoppers worldwide. However, by March 2025, Forever
Ola Electric, a premier name in India’s electric vehicle sector, is facing a severe regulatory setback. The Maharashtra Regional Transport Offices (RTOs) took a hard look at the company’s outlets, a total of 146 spread across the state. What they found was alarming: 121 of these outlets were
The petition was submitted without the required notice under section 8 of the Insolvency and Bankruptcy Code (IBC).
In a regulatory statement on 25 March, Ola Electric Technologies Private Limited, a division of Ola Electric Mobility Limited, stated that it had settled its financial disagreements with the Rosmerta Group and that as a result, insolvency proceedings had been withdrawn against it. Earlier insolvency filings against Ola Electric Technologies
After turning down a takeover offer from its departing CEO, the US genetic testing business 23andMe has declared bankruptcy and is searching for a buyer. Late on 23 March, 23andMe, a company that charges less than $200 for a mail-back saliva test that can identify ancestry or specific genetic features
AGS Transact Technologies (AGST.NS), an Indian payments services company, announced on March 1 that a creditor intends to file for bankruptcy against the business for failure to pay debts. According to an exchange filing by AGS Transact, Maxwel Aircon India Private Limited, one of the business' operational creditors,
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. As a pioneer in the ever-changing world of professional networking and job platforms, Apna connects professionals with businesses in a smooth manner and opens doors to rewarding career prospects. Millions of people in India
Citing governance issues and payment defaults, the Reserve Bank of India (RBI) replaced the board of Aviom India Housing Finance on 27th January. Ram Kumar, a former Chief General Manager (CGM) of Punjab National Bank, was named administrator. In addition to applying to the National Company Law Tribunal (NCLT), New
Café Coffee Day, popularly known as CCD, is not only a coffeehouse for the individuals of India but has become India’s favorite place for coffee and conversations today. Founded in 1996, the Bengaluru-based Indian multinational chain of coffeehouses has emerged to be one of the favorite haunts of the
According to Krishi Fagwani, cofounder and CEO of the foodtech platform Thrive, it is the most recent Indian firm to cease operations. The cofounder blamed a lack of resources for the decision to shut down operations in a LinkedIn post. "We've worked hard over the years to
Lalit Modi became a monster who would swallow the well-established veteran officials of the game. This was in the year 2010 when he fled away from the country to escape arrest in the money laundering case. However, the former cricket administrator hit the headlines when he introduced actor Sushmita Sen
The Jet Airways case study is now so popular that it is mentioned in almost every Business School's curriculum due to the airline's unimaginable debacle. Founder Naresh Goyal has been investigated by the Enforcement Directorate (ED) and a large number of ex-employees have remained jobless after
After four years of business operations, Stoa, a business that provided an alternative to conventional MBA programmes, has shut down. Co-founder Raj Kunkolienkar made the statement on social media, signalling the end of an endeavour that sought to offer accessible business education to a large audience. The choice, according to
According to media sources, the Board of Control for Cricket in India (BCCI) is expected to petition the National Company Law Tribunal (NCLT), located in Bengaluru, to have its bankruptcy claim against the ed-tech company Byju's withdrawn. It may follow the Supreme Court's decision last month
People usually think that they just need a paycheck to become rich. If they keep making money and spending it simultaneously, they'll be rich. But we very well know the secret to becoming rich is way beyond just paychecks. A better understanding of this can be taken from
In a landmark deal, Foxhog Ventures, helmed by CEO Tarun Poddar, has successfully completed a major land acquisition in Delhi. The venture capital firm has secured a prime residential property located on the prestigious Barakhamba Road in Connaught Place, valued at a staggering $12.67 million. This acquisition further cements
🐸 HODL on to your memes, folks! The frog is back, and this time it’s hopping through the world of cryptocurrency! 🐸 In the wild jungle of crypto, where tokens rise and fall faster than you can say "To the moon!", PEPE Coin has croaked its way into the
Following a number of years spent attempting to revitalize the company in the face of declining demand, Tupperware Brand is reportedly making preparations to file for bankruptcy as soon as this week, according to media reports. After violating the conditions of its debt and enlisting legal and financial experts, the
Wynk Music, an app that has been available for streaming music for ten years, is being shut down by the Indian telecom giant Airtel. In the next months, the company would reportedly shut down the app and integrate all of its staff into the Airtel ecosystem, as reported by a
According to a media report, Redkenko Health Tech Private Limited, more commonly known as Kenko Health, has ceased operations due to financial and operational issues. Peak XV Partners, Orios Venture Partners, and Beenext were among the important investors who contributed about $13.7 million to the healthcare business based in
My Tirth India, a spiritual tech business, declared on Monday that it is ceasing operations as a result of a serious shortage of funding. Following the passing of its primary shareholder and mentor Subrata Roy, the creator of Sahara India Pariwar, the company is facing a funding shortage, according to
On Wednesday, the Supreme Court issued a stay of the NCLAT ruling that had set aside the insolvency proceedings against the ed-tech major. This effectively enabled Byju Raveendran, the owner of the company, to regain control of the business. The ruling of the NCLAT that approved the settlement of Byju&
The outstation electric bus service provider Fresh Bus, with headquarters in Bengaluru, received a Series A investment round of INR 43.6 crore, or around $5.3 million. The third fundraising round, led by Saama Capital, was backed by ixigo, a market peer. The corporate board has approved a special
The edtech company BYJU'S expressed optimism that it and the Board of Control for Cricket in India (BCCI) may come to a mutually agreeable resolution after the latter filed a petition to initiate insolvency proceedings due to unpaid dues. Recently, the National Company Law Tribunal (NCLT) Bengaluru court
Toys R Us created magic for children. In the 80s and 90s, they made children's wishes come true. It was nothing short of an ultimate childhood dream. Such great memories! But today, the 'then' beloved brand is nothing but a faded picture of its prime, glued
The recent bankruptcy of WeWork, the once $47 billion office-sharing startup, serves as a stark reminder of the dynamic nature of work and the imperative for businesses to adapt to evolving cultural norms. At its core, WeWork's concept of providing flexible office spaces resonated with the growing number
On March 10, 2022, the entire business world woke up to this shocking news from the Federal Deposit Insurance Corporation (FDIC), "Today, Silicon Valley Bank, located in Santa Clara, California, was shut down by the California Department of Financial Protection and Innovation. The Federal Deposit Insurance Corporation (FDIC) has
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Aleo. Blockchain technology has witnessed a significant rise and fall in the last decade. It has rapidly evolved its applications and functionalities and transformed the
The recently unveiled FTX crypto scandal has sent shivers down the spine of the crypto world with crypto prices reaching an all-time low. In October 2021, Bitcoin witnessed a massive peak of over $65,000 whereas now it struggles to conquer the $20,000 mark. Thanks to the stunning collapse
Do you remember the All India Backchod comedy group? There are only a few famous comedy groups on Indian Youtube, one of them is the 'All India Bakchod'. Often abbreviated as AIB. At one point, they were one of the most popular groups on YouTube, along with other
Do you remember the days when you shared MP3 CDs with your friends? Back then, listening to your favourite music was a hassle. Then came iPod, which changed the way we listened to music. In 2001, Apple introduced the iPod under Steve Jobs, who transformed Apple from a business on
Here's a thorough WeWork case study briefing the history, business model, and the fall of WeWork from the pinnacle of success. WeWork is an American organization that gives shared workspaces to other companies and organizations. Established in 2010, it is headquartered in New York City. WeWork oversaw 46.
Millions of people these days are trying to establish their startups despite having a simultaneous regular job only to make sure that their total gross income is enhanced. A startup of any magnitude is a great independent source, of increasing your income, and if you can establish the business well,
Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Raymond. India as a diverse land has a lot of colorful trends when it comes to textiles and apparel. Of course, the collapse of all
A popular social media app, Tiktok allows its users to create, watch and share short videos that are created on mobile devices or webcams. The app has taken the digital world by storm as users create videos of different genres like pranks, games, entertainment, etc. It owes its popularity to
The famous ride-hailing platform Ola has decided to shut down its used cars division, Ola Cars and its quick commerce business, Ola Dash. At a time when the quick commerce segment in India is expected to reach $5.5 billion by 2025, growing 15 times its current size, why did
If you have ever tried to buy or sell products on Amazon, you must have come across this brand “Cloudtail India”. It used to be the largest seller on Amazon in India but has recently ceased its operation. This joint initiative of Amazon and Catamaran Venture was shut down on
Naresh Goyal is the man behind Jet Airways. Goyal started by borrowing some money from his mother and ended up being the owner of the largest airline company in India. After the Jet Airways IPO, Naresh Goyal's net worth was estimated by Forbes at $1.9 billion, and
Economics has always been an important thing for a country. You may not like the subject in your school but it is something that is super real in nature. It is basically the allocation of resources to achieve the most optimum efficiency. As the number of people grows in a
The chances of failure of businesses in the first 10 years are 65%. It is true that not all businesses will survive till the end. In fact, more than half of new startups fail in their first year only. A business needs a lot of other things to survive apart
The primary factor that drives any startup is not just the idea but also the ways in which the novelties are pitched in based on the market trends. Keeping that in mind it is also important to look through the various ways in which start-ups have come up and gone
The era of the pandemic has changed the entire global market. Some businesses saw the depth of losses and others thrived to the sky. Many startups had to shut down due to the problem around the pandemic. On the other hand, various startups emerged in the market and ruled over