There are many startups that show all the promise of becoming the next big idea but somehow, somewhere in their journey something goes unexpectedly wrong. Business Insider takes a deep look at the top invested startups that unfortunately were forced to shut down in 2017.
Here is the list:
Beepi: 2013 — February 2017
Capital raised: $150 million
Reason of Shutdown: Ran out of money
Quixey: 2009 — February 2017
Capital raised: $133 million
Reason of Shutdown: No steady revenue source
Yik Yak: 2013 — April 2017
Capital raised: $73 million
Reason of Shutdown: Unable to retain users on their platform
Maple: 2014 — May 2017
Capital raised: $29 million
Reason of Shutdown: Could not retain their core team
Sprig: 2013 — May 2017
Capital raised: $57 million
Reason of Shutdown: “the complexity of owning meal production through delivery at scale was a challenge.” – founder and CEO Gagan Biyani
Picture and Post Credit: Business Insider