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

EventVue

Built online communities for conferences

Finances
Shut Down
$455K
Bad Market Fit
Finances
United States
In 2007
By 2010
Two
Between 1 And 10
Less Than 1M
Bad Market Fit
Shut Down
Gowalla

Social Guide to world's cities

Social Media
Acquired
$10.4M
Competition
Social Media
United States
In 2007
By 2013
Two
Between 11 And 50
Between 10M 50M
Competition
Acquired
Flud

Social news reader for different platforms

Productivity
Shut Down
$3.1M
Multiple Reasons
Productivity
United States
In 2010
By 2013
Two
Between 11 And 50
Between 1M 10M
Multiple Reasons
Shut Down
SchoolGennie

Provide data to schools about their pain points

Education
Shut Down
-
Lack of Experience
Education
India
In 2013
By 2014
Two
Between 1 And 10
Nothing
Lack of Experience
Shut Down
Juicero

First home cold-pressed juicing system

Food and Beverage
Bankruptcy
$118.5M
Bad Business Model
Food and Beverage
United States
In 2013
By 2017
One
Between 101 And 250
More Than 50M
Bad Business Model
Bankruptcy
Shuddle

Safe on-demand transportation for families

Transportation
Shut Down
$12.2M
Lack of Funds
Transportation
United States
In 2014
By 2016
Two
Between 11 And 50
Between 10M 50M
Lack of Funds
Shut Down
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GetBusy

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NerdPilots

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GrowthMentor

Get 1-on-1 advice from vetted growth experts about your business.

Bookafy

Bookafy

Provide your clients and staff with a beautiful appointment booking experience.

Bookafy

HostGator

Easy and affordable web hosting and domain services for entrepreneurs.

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