Why $450 million dollar Indian startup failed?

Key Takeaways

an Indian startup once valued at 450 million has shut down in India approximately 355,000 startups shut down in 2023 alone nearly double the number from the previous year as investors became more selective and cautious with their funding thousands of companies that relied heavily on Venture Capital to survive were forced to shut down and one of the most notable closures was zest money a pioner in the buy now pay later sector the company raised over $130 million and was valued at4 50 million however its downfall wasn't due to competition but rather due to the RBI strict regulations around consumer lending cases like zest money highlight that no matter how strong your business is a single external Factor can turn things upside down want to learn more about why startups are failing click the link to watch our full video on the reality of startups And subscribe to full disclosure for more