Here is a list of startups that shut down in June 2019
Ahead Of Indian Crypto Bill, Crypto Exchange startup Koinex Shuts Down – The Indian government’s war on cryptocurrency has claimed a latest victim – the Mumbai-based cryptocurrency exchange and trading platform, Koinex announed that it is shutting operations. Earlier this month, an Indian government panel reportedly recommended banning bitcoin, along with blanket ban on the sale, purchase, and issuance of cryptocurrencies in the country. Koinex was trying to build an advanced digital assets exchange in India supporting multiple cryptocurrencies/ tokens on a single platform. Built entirely from scratch, Koinex aimed at bringing the magic of blockchain technology to India.
Task management startup RUSSSH shuts shop – Mumbai-based task management service startup RUSSSH recently announced that it was shutting down. Russsh.com was India’s first trusted online errand running service company and since 2012 it had grown to a workforce of 150. The only errand-running and delivery service in Mumbai, RUSSSH, began as GetMyPeon, before it rebranded as RUSSSH in 2015 and received a seed funding of $250,000 from undisclosed angels. According to the startup, the average fee to perform a task on the platform was close to Rs 300 ($5), which could go up to Rs 1,500 ($15) depending on the location, travel time, value of content to be delivered, etc.
Amazon shuts down its food-delivery business – The hyper-competetive Food tech and delivery business is not easy to operate. A few recent shutdowns include Meal-delivery startup Munchery, Canadian FoodTech startup Food Starter, Indie Plate among others. Now, the tech giant Amazon is also discovering how tough the business segment is. According to GeekWire, Amazon will shutter its Amazon Restaurants food delivery service in the U.S. later this month.
115-year-old print shop business no longer printing cash, shutting down – Yakima Bindery owner “lost a lot of sleep” over shutting down 115-year-old business. Sitting in the middle of Downtown Yakima, Yakima Bindery has been a supplier of home office goods, framing, and copying services for the last 115 years. “We are competing against people like Amazon, and they can work in low wage states and ship stuff here,” said Press Tuesley.
Google Trips makes its last voyage – According to an announcement, Support for the Google Trips app will end on August 5, 2019. At this time, you’ll no longer be able to use the app.Until then, you’ll still be able to access and email all of your trip reservations and notes as normal.