Author Topic: Gloom of Internet Startups in India  (Read 8551 times)

wiredlife

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Gloom of Internet Startups in India
« on: August 05, 2016, 09:54:13 AM »
After the Big Boom of Internet Startups in India like during the hey days of 2000 Dot com Boom, Gloomy Days are here for an entrepreneur who jumped into the "me too" bandwagon without much thoughts of how he will run the business and bit the bullet hard.

Here are some Gloom / Bust of the Internet Startups in India
TinyOwl Shut down in all cities barring Mumbai
Foodpanda Stopped food delivery in six cities including Kolkata, Chennai, Nagpur and Coimbatore
Zomato Shut down food delivery in Lucknow, Kochi, Indore and Coimbatore
Grofers The company has shut down operations in 9 cities
Peppertap Completely shut down operations
Localbanya Stopped operations all of a sudden in October 2015, yet to resume