What comes to your mind when you think of startups? Well, it sounds very simple and easy to execute but it is nothing like that. Launching a startup of your own requires lots of hardship to flourish the business in the long term. Additionally, it also requires a proper floor plan, management plan and funds to execute it properly.

If you would lack in any of these parameters it can fail miserably leading you to losses. Have a look at some of these startups which have failed due to these mistakes only. I am sure that you can learn many good lessons from the mistakes committed by them.

Scroll down to know about them more.

1. Just Buy Live

via: Yo!Success

Just Buy Live was a startup whose aim was to connect all the retailers directly to different brands across multiple categories like fashion, stationary, smartphones, auto, personal care, food and drinks etc.

The startup was also offering unsecured loans to small business owners to facilitate the transaction on its portal and provide funds to small retailers. The startup has managed to raise $100 million series B funding from a Dubai-based investment firm, Ali Cloud Investments.

Why did it fail?

This startup has failed miserably failed due to no proper planning of scalable business model and negative cash flow. As per the latest report, the startup’s co-founder has said that the company has temporarily been shut down for some time and it would soon resume its operation after rising fresh funding.

2. Shotang

via: ET Telecom

The startup, Shotang was a business-to-business (B2B) online marketplace that was launched to connect retailers, distributors and various manufacturers to carry their business online using their platform. It used to earn revenues based on commissions paid by distributors per transaction.

Why did it fail?

Although the startup has raises a series of funding from different investors like Patamar Capital in February 2019 (INR 6.8 Crores) Exfinity Venture Partners in December 2015 (INR 36 crores). It is believed that the startup has risen the funding to pay off its creditors, employees and partners.

3. PortDesk

via: VCCircle

The startup, PortDesk was aimed at providing e-procurement solution for logistics management related operations like accounting, cash management, ports DA estimate and voyage, layout and contract management.

Why did it fail?

The startup has shut down its business in June 2018 but the exact reason for its failure is still not revealed. The company has raised $2 million (INR 13.98 Cr) in a seed funding round from a Singapore-based maritime services company, Alphard Maritime Group.

4. Zebpay India

via: Zebpay

Undoubtedly, the company was India’s largest crypto exchange that enabled users to buy and sell Bitcoins and other cryptocurrencies like Litecoin, Ripple etc.

Why did it fail?

Zebpay has decided to shut down its operation completely soon after the official announcement by RBI in April 2018, which has restricted banks and payment companies to extend any services to crypto exchanges and wallets. The company closed its operations on 28 September 2018 by saying that they are unable to chalk out any other way to carry out the business at this point of time.

5. Tazzo

via: Red Newswire

It was really an interesting bike rental startup that has helped millions of people to commute to their offices at only Rs. 5 per km. Its mobile app was integrated using GPS tracking technology which was used to do live tracking of the movement of the vehicle.

Why did it fail?

The company has shut down its operations because it was not able to generate positive cash flows out of its business.

You must have heard that startups fail but do you know Why? Because of one or more reasons like lack of adequate funds, quality resources and infrastructure and so many things which one requires for running a startup successfully. But not every startup fail and the reason behind this is the constant effort and hard work they put in to achieve the desired results.

There are a number of startups which have been failed badly but there are also some of the startups which have proved us that nothing is impossible in this world if we are willing to take the pain and do the hard work. In this article, we have listed

Some of the startups which failed miserably but after now everyone knows about them as now they have gained quite a popularity among the masses.

1. Uber

via: Archid

We can’t imagine our life without using Ola and Uber nowadays. The car rental startup, Uber has been started by one school dropout who got very good funding to carry out his project. He started the company in the year, 2010 which has a value of nearly $17 billion as of now.

2. Instagram

via: Inc

One of the most famous photos sharing app, Instagram has been launched by a person who wanted to learn how to code so he decided himself to learn to code after his working hours. Post-learning about coding, he has successfully created an app about which everyone is talking today.

3. OYO Rooms

via: Yatra

The very young and talented Ritesh Agarwal who is also a college dropout has made this idea a successful launch at the age of 17 only. Do you know OYO was earlier known as ‘Oravel’? The concept was fairly unique and accepted by especially young couples, married or unmarried. As of now, the company values over $25 billion.

4. Alibaba

via: Mashable

He is the man of words, from whom we can learn so much. He is truly like an inspiration for so many peoples as he knows the real struggle behind finding a job for himself as he faced many rejections in his life for every possible job which he tried.

And you know, he hardly knows how to speak English. Facing so many failures, he decided to start his very own startup, Alibaba which is a giant Chinese e-commerce player and everyone knows about it.

5. LinkedIn

via: Glassdoor

One of the most important startups of the millennium I guess which helps people to find jobs and make contact with professionals over social media. Initially, when the app was set to launch in the year 2013, the founder asked some of his friends to join the website.

After some time, it gets a positive response from a huge number of people and today it has a worth of over $1 billion.

6. Tripoto

via: Tripoto

This startup was started up by two friends together who were avid travellers. They have started the company in the year 2013. The company has also received a huge amount of funding of nearly Rs. 2 crores within a year.

7. Pinterest

via: Officelovin

To start this venture, a guy has left his job to work along with his two friends. Initially, the app got flopped badly. So, they again tried to re-launch the app in the year 2010 which now has over 25 million active users worldwide.

I am sure you that must have heard of TikTok, Right? So, let’s talk about it more in detail What TikTok is? Who is its Owner? And how does TikTok makes Money? Here’s everything that you need to know about the short video app.

What do you know about TikTok?

If you are an internet savvy person or the parent of one, then you might have heard of this. TikTok is the short form video app that is currently making everyone’s mind blow. As using this app one can make funny videos, dance videos, singing videos or even you can post much more fun on it making yourself popular side by side.

Video clips that you post on the platform may only last for only 15 seconds, but they make a big impact. On its official website, the company has described itself as ‘a destination for short-form mobile videos.”

Who is the owner of TikTok?

At present, TikTok has approximately more than 500 million users worldwide which itself explains that how much people are liking it and having fun using such an amazing app. The platform, TikTok is owned by a Chinese company, Byte Dance. Zhang Yiming, who is a 35-year-old entrepreneur, is the Founder & CEO of Byte Dance. The company was recently crowned the world’s most valuable startup.

“Do you know that TikTok is very famous among young people and has about 80 million downloads in the U.S. alone”.

And since its launch in the year 2012, the company has made a $75 billion valuation.

The company that owns TikTok, Byte Dance does more than just running only running TikTok. IT also owns toutios which is an extremely popular news platform with 240 million downloads as well as some products like Xigua Video, TopBuzz, and BuzzVideo.

How does TikTok make money?

Are you also a TikTok fan? And you also want to make money from TikTok. Then, here is how you can make it.

The short video app, offers in-app purchases of coins, starting at 100 for $0.99 and leveling up to 10,000 for $99.99 as per the mobile intelligence firm, Sensor Tower. TikTok users have reportedly spent $3.5 million on in-app purchases during the month of October 2018 which is nearly four times what they have earned during October 2017.

As per the Bloomberg’s report in October revealed that the company Byte Dance’s target revenue for the year 2018 was $7 billion and the company is still not been able to create any profits yet as decided earlier.

AS per the latest media reports, it is believed that the company is planning to go public this year although it has not been cleared till now.

The agency, popularly known as Digiday may start its advertising on this platform which may costs up to about $150,000 for just one day and newsfeed ads for $4 per click.

Can you make money on TikTok?

Well, this is a question about which every TikTok fan just wanted to know about.

Yes, one can make money using this short video app. In fact, if you are really good and if you have a specific talent that you may want to show up to the public over the internet, you can undoubtedly earn your living from TikTok.

So, why don’t you give it a try to convert your dream of becoming big and popular by posting your own videos?

In addition to this, several companies are also making use of this platform to grow and advertise them by investing literally a huge amount which even one cannot imagine.