Shutting shop: A roundup of Indian startups which couldn’t survive 2025

2025 turned out to be relatively benign for India’s startup ecosystem. Only about 730 firms shut down this year, a sharp decline from the 3,903 closures recorded in 2024. As of now, the Department for the Promotion of Industry and Internal trade (DPIIT) portal shows there are more than 2.06 lakh startups in India.

However, some of the startups that shut shop this year were big names in their space. Here is a lowdown on the key startups that went out of business in 2025.

BluSmart

Founded in 2019, BluSmart set out to challenge India’s ride-hailing…