Start up Casualties
Seems the following companies have all gone out of business or about to.
Fashion & You, Indiatimes, yebhi, localbanya, urbantouch, homeshop 18, zovi.
What other start ups are out of business or about to go bust? more
Fashion & You, Indiatimes, yebhi, localbanya, urbantouch, homeshop 18, zovi.
What other start ups are out of business or about to go bust? more
Viewed by 1721
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E-comers is supposed to be a small investment business say 1-2 crore Indian Rupee (3 to 5 lakh USD). As an IT entrepreneur since 1996 my experience when ever i approach any investor for Rs 50 lakh ( Indian Rupee) or less they laugh at me saying that which world I am in . it is only I have to laugh at them as which country they are trying to do e-commerce business with it is INDIA. I am sure all online shopping will wind up them small entrepreneurs will emerge and they will hold the fort. I challenge If I get an Investor for let us say 2 Crore for two years i have concept and module with which i will make it a profitable online ecommerce with in 3 to 4 years. and take the investment back . more
Aug 18
Is Indiatimes shopping still on? They never used to deliver magazines, only take orders and steal money from ppl. Also, homeshop18 ecommerce is shut down it seems, only tv homeshop is running. Also to add the struggling ones are foodpanda (ceo fraud), grofers in many cities, etc. more
Aug 16
ecom was nutured by VC, copied US wares, made India a leading nation.Companies might loose, but some 50% goes as salaries. good for $ needs of GOI-harms none. more
Aug 16
