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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

Kiko

Ajax-style online calendar application

Productivity
Acquired
$50K
Bad Management
Productivity
United States
In 2003
By 2008
Two
Between 11 And 50
Less Than 1M
Bad Management
Acquired
Fuhu

Designer and seller of cloud-served softwares

Software and Hardware
Acquired
$66.2M
Mismanagement of Funds
Software and Hardware
United States
In 2006
By 2015
Three
Between 501 And 1000
More Than 50M
Mismanagement of Funds
Acquired
Wesabe

Personal finance management website

Finances
Shut Down
$4.7M
Bad Management
Finances
United States
In 2005
By 2010
Two
Between 11 And 50
Between 1M 10M
Bad Management
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
Teforia

A tea brewer machine connected with an application

Food and Beverage
Shut Down
$17.1M
No Market Need
Food and Beverage
United States
In 2014
By 2017
Two
Between 11 And 50
Between 10M 50M
No Market Need
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:
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NoGood

Your on-demand growth squad for SaaS, B2B, and eCommerce brands.

NerdPilots

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

Acadium

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

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