Why are reasonably big successful startups coming to such abrupt end?
Being a founder myself I am confused about these happenings. We have companies like Wynk Music, Gaana, etc. which were quite humongous names but there sudden stop like this is making me feel queasy. I understand few of the startups like Zomato, Ola, Nykaa, etc. are doing good but there are thousands of small startups closing every year and now big ones too. I just want to understand that is there a huge fault line that I am not seeing or is there any other reason altogether?
I mean it's hilarious and all but what went so wrong that it had to go for just 25 lakhs.
Kendall Lee
Stealth
2 months ago
If it's not profitable enough, it will shut, plain and simple.
Far too many big businesses depend on big loans and investments, which often dry up in a bear market.
Do not go by stock market performance, we are surely in a bear market in terms of economy locally as well as globally. Stock market will also catch up soon to that reality.
