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HotelsAroundYou

Booking of same-day hotel rooms

General Information
Category
Travel
Country
India
Started
In 2013
Business Failure
Business Outcome
Shut Down
Closed
By 2017
Cause of Failure
Competition
Founders & Employees
Number of Founders
Three
Name of Founders
Animesh Chaudhary, Harsha Nallur, Mohsin Dingankar
Number of Employees
Between 1 And 10
Funding
Number of Funding Rounds
1
Total Funding Amount
$125.4K
Number of Investors
2
Description

HotelsAroundYou was an India focused service centered on last minute and short stay bookings. It offered users with the option to book hotels for two types of stays: day transit option or night use hotel. The app featured hotels that had unsold rooms and got a commission when users booked a hotel through the app.

Cause of Failure

The app was offering a service that had already many competitors that had decades of experience and users’ trust. HotelsAroundYou was unable to elicit an additional round of funding from investors and it went on to quietly shut down while its founders had already relocated to other companies.

Go on Reading

LayerVault

Allowed users to store and collaborate on design work

Design
Shut Down
$535K
Lack of Funds
Design
United States
In 2011
By 2014
Two
Between 11 And 50
Less Than 1M
Lack of Funds
Shut Down
Fab

Online design marketplace

e-Commerce
Acquired
$336.3M
Multiple Reasons
e-Commerce
United States
In 2009
By 2013
Five
Between 501 And 1000
More Than 50M
Multiple Reasons
Acquired
Delicious

Bookmarking website to save, organize and discover links

Productivity
Still Active
No Data
Acquisition Flu
Productivity
United States
In 2003
By 2017
One
Between 51 And 100
No Data
Acquisition Flu
Still Active
QBotix

Solar panels attached and regulated by robots

Software and Hardware
Shut Down
$23.5M
Multiple Reasons
Software and Hardware
United States
In 2010
By 2015
One
Between 11 And 50
Between 10M 50M
Multiple Reasons
Shut Down
Secret

Online platform to share personal secrets

Social Media
Shut Down
$35M
Legal Challenges
Social Media
United States
In 2013
By 2015
Two
Between 11 And 50
Between 10M 50M
Legal Challenges
Shut Down
Rdio

Digital music service provider

Music
Bankruptcy
$125.7M
Competition
Music
United States
In 2008
By 2015
Three
Between 51 And 100
More Than 50M
Competition
Bankruptcy
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