Start-up culture is growing rapidly in India with start-ups coming up all over the country. Bangalore, New Delhi and Mumbai remain the key start-up hubs but other areas like Hyderabad, Chennai, Pune, etc. are not too far behind. There are a lot of positives but the fact remains that 80 per cent start-ups fail in the first three years. It's harsh but a fact.
As a Marketing Consultant, I closely work with some start-ups. Some of them are History. There are multiple reasons why a start-up fails and after talking to many who actually have a failed start-up I have come up with a list of 6 major reasons that lead to the downfall of a start-up: