5 Startups That Miserably Failed

Introduction• Heard of that start up which had a great idea ? But with time, it

began its downfall and crashed miserably? • There are various reasons why that happened. The reasons for

the failure differ in India and in silicon valley• The cultural differences and the consumer's preferences in

different geographical places can compel the start up to fail• Some strategies work for few but the same ones won't work for

others• There are few blunders which have proved to be common

grounds as to why start ups failed! Lets have a look at few Indian startups who started on a high note but failed to crack success

Pirate's Kitchen.• Pirate's Kitchen founded by Gaurav was a fine dine theme based

restaurant. It was not scaled up efficiently

• Lack of profound knowledge in the hospitality sector, according to the founder was the reason behind the failure

• Concentrating on a particular thing, have prior knowledge and instead of waiting for the right founder, go ahead and take the risk are some of the important tips by the founder

SASLAB Technologies• Founded by Saurav Karmakar in the field of Information Security

Services and Products

• They suffered problems of lack of funding, hiring the right team, stagnant growth with respect to market rate

• In addition to that building a coherent team is important. But refusing to give up, the founder is on their way to restart the business!

Follow Up Manager

• The founder Vikas Mulchandani created this product which would keep a check on the employers who run small companies

• There were various reasons for its shut down mainly implementation of technology too advanced; it was a difficult task to shift customers to software from paper

• The other reason being that the co-founder was not able to dedicate appropriate time towards the start up

Virtuplus• The founder, Vinay Mehta found Virtuplus which was a

website of ecommerce for niche goods

• The reason that it crashed was that it could not compete with the market leaders and thus had to shut down

• An important tip by the founder is that raw sketches and rigorous research is necessary before entering the market

Late night food• The company provided late night food delivery service,

bouquet and other important items that you will want in dark hours

• Strong financial backing is important for a successful start up

• This is an example which teaches us the importance of capital in the startup