Startup Cemetery

A big resource for entrepreneurs and startup owners, in which we have collected and analyzed why +100 big companies have failed. Learn from mistakes, and avoid being part of the 90% of businesses that fail.

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RoomsTonite

Las-minute hotel booking provider

General Information
Category
Travel
Country
India
Started
In 2014
Business Failure
Business Outcome
Bankruptcy
Closed
By 2017
Cause of Failure
Lack of Funds
Founders & Employees
Number of Founders
One
Name of Founders
Suresh John
Number of Employees
Between 101 And 250
Funding
Number of Funding Rounds
1
Total Funding Amount
$1.5M
Number of Investors
4
Description

RoomsTonite was a last-minute hotel booking app for people that decided to travel in or to India. It focused on listing hotels that had vacant rooms and could be filled on short notice. The app was free to download and could be found on the Apple and Google Store. The app specifically let people search and book rooms at a discounted price from about 4,000 hotels across 325 locations. The booked room was supposed to be filled on the same day or within 72 hours.

Cause of Failure

The company had announced to have raised $1.5 million in funding but the payment probably was late to arrive or didn’t go as planned and the company struggled to continue its operations. Both versions of the app were taken down.

Go on Reading

PepperTap

Large and fast grocery delivery service

Food and Beverage
Shut Down
$51.2M
Poor Product
Food and Beverage
India
In 2014
By 2016
Two
Between 1001 And 5000
More Than 50M
Poor Product
Shut Down
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
Rafter

Textbook and course material provider for schools

Education
Acquired
$86M
Competition
Education
United States
In 2006
By 2016
One
Between 51 And 100
More Than 50M
Competition
Acquired
Auctionata

Online auction platform for art & luxury

e-Commerce
Shut Down
$95.5M
Legal Challenges
e-Commerce
Germany
In 2012
By 2017
Four
Between 251 And 500
More Than 50M
Legal Challenges
Shut Down
Zoomo

P2P transactions of pre-owned cars

Transportation
Shut Down
$6M
Bad Business Model
Transportation
India
In 2014
By 2016
Two
Between 11 And 50
Between 1M 10M
Bad Business Model
Shut Down
Vine

Platform to share short looping video clips

Social Media
Shut Down
No Data
Multiple Reasons
Social Media
United States
In 2012
By 2017
Three
Between 51 And 100
No Data
Multiple Reasons
Shut Down
This is Brought to You by:
NerdPilots

NerdPilots

Get fast, reliable web, mobile and software development help 24/7.

Acadium

Acadium

120 hours of digital marketing from a remote apprentice for only $299 (+ $50 off!).

This could be your AD. Sponsor Startup Cemetery to reach +10,000 entrepreneurs.

Subscribe to Our Newsletter!

Invite us into your inbox and get immense learning and 80+ deals on tools to help you scale your startup (worth up to $50,000)!

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