START UPS THAT SHUT DOWN IN 2019    So, why do so many start ups flame out? The stats are really brutal with 97% of the crowdfunded companies eventually dying. The data on start up death revealed that 70% of the start up companies fail usually around 20 months after raising financing.    Below are some of the start ups that failed and shut down in 2019.     AIWUJIWU  Aiwujiwu, a Shanghai-based start-up was founded in 2014 to offer an online platform to people looking to buy and rent properties…

Read More

  With a vision to create insight-driven ecosystems-making all our partners self-sufficient, helping them leverage data science for best possible business outcomes, the data science startup based in Bengaluru, Karnataka and Chicago, Illinois has raised an undisclosed amount of funding in Series A round from venture capitalist Arihant Patni in his personal capacity, to expand their business in Europe and APAC (Asia- Pacific) and build next-generation platforms and to improve their quality of customer experience    It was started in 2016 by the previous employees of MuSigma (a unicorn startup…

Read More

Social Finance (SoFi), a personal finance company helping people to achieve financial independence to realize their ambitions having a stagnant valuation of $4.3 billion and founded by Mike Cagney, Dan Macklin, James Finnigan, and Ian Brady who met themselves at the Stanford Graduate School of Business, based in San Fransisco, began in 2011 has raised $500 million in a funding round led by Qatar Investment Authority, a Doha, Qatar based private equity and sovereign wealth fund. The company would use the fund for growth and add money to its $2.3…

Read More