In 2020 many startups create their value in billion dollars and on another side, many startups have failed. Today we are looking at the mistakes of those startups and try to learn something from their failures. We can and should learn from the failures of others. We can learn more from failures instead of success.


Monkey Box:

This is the startup of India in 2015, this company provides tiffin boxes to schools for children. Normally the food which we cooked in our home has less nutrition. They provide nutritious food for children and this is their motive. This company hired very high professional chefs and those chefs tell the amount of calcium, fiber, etc which is required for children's growth. Now we talk about their mistakes why they failed, They hire high professional chefs in their early days and they also have fast service that's why they are going out of budget and after all, they take the exit in 2019.


They said that they will come back in 2020 but in 2020 because of corona all schools become shutdown so (you understand...)


Service:



This is the startup of America, If we cancel the booking of an airplane or hotel then there is no refund but this startup was on-demand at that time because after booking an airplane ticket or hotel room on their app/website if people cancel the booking then people receive almost 80% refund. 

This startup has also done the same mistake they started fundraising for expansion of their startup and an airline company invest almost $5 million in this startup but due to this coronavirus airlines become off and investors announce they become bankrupt and after few weeks they also stop funding. 

This startup also very dependent on investors and due to coronavirus both industries airlines and hotels are at a loss so at last of 2020 Claim Compass buy this startup because the team and management of Claim Compass are very good so there's a happy ending.




Awok:

This is the e-commerce startup of Dubai like Daraz in Pakistan and Flipkart in India. They have reached above 120 countries and they also sell products at affordable prices. This startup start in 2015 and they perform well till 2017, now Amazon enters Dubai and then the downfall of Awok started because Amazon sells products at less prices and in one-half year Awok stop its service from other countries and start focusing on Dubai but all in vain after it this startup failed in 2020.



News Analyse:

This is the startup of Mexico, We all know that there are so many fake pieces of news released but this startup analyzes the news confirms the news, and then share it with people. This was a great startup they provide accurate news with help of their experts but they take more days to analyze the news and at that time New York Times or Washington news comes online, now we can say that this startup failed due to competition and lack of management.

They said that they will come back with the best team and management.


Essential:

This startup was started by those who created android after they sell android to google. They Launch notched design mobile phones first then other companies launched.



After it, they launched other mobile phones but those mobile phones are slim. They invest all their fund in this but this was badly failed.



They failed because they invest all their funds in this new slim mobile project and after it, they failed and their investors also stop to invest in their startup, and at last, they closed.