Apr 11, 2025

India’s 10 Most Loss-Making Startups in 2024

Kuhu Verma

Byju's

The ed-tech giant faced substantial losses in 2024, attributed to aggressive expansion strategies and high customer acquisition costs.

Source: canva

Ola Electric

Ola Electric reported considerable losses due to heavy investment just in R&D and infrastructure.

Source: canva

Swiggy

The food delivery platform continues to operate at a loss, with high operational costs and intense competition

Source: canva

Paytm

Despite being a prominent player in the fintech space, Paytm has reported significant losses, due to regulatory challenges

Source: canva

Zepto

This quick-commerce starup has incurred losses due to rapid expansion and logistical costs.

Source: canva

PharmEasy

Operating in the competitive online pharmacy sector, PharmEasy's losses stem from high customer acquisition costs.

Source: canva

Unacademy

Another edtech firm facing financial hurdles, Unacademy has reported losses linked to its extensive content creation and marketing.

Source: canva

ShareChat

Targeting vernacular content, this app users continues to report high losses due to soaring content moderation costs, creator payouts,

Source: canva

Udaan

This B2B e-commerce unicornfaced financial pressure from logistics challenges, payment delays, and aggressive expansion

Source: canva

CRED

Despite its sleek marketing and growing user base, CRED is still burning cash, with losses stemming from high cashback incentives, heavy brand campaigns, and investments in fintech

Source: canva

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