Here is a list of the major startup shutdown announcements in September 2018

Bitcoin exchange, Zebpay shuts but promises to keep its wallet functional for users – The Reserve Bank of India (RBI) had released a statement in April directing all regulated entities, including banks, e-wallets, and payment gateway providers, to stop dealing with individuals and businesses in the partially banned crypto-currencies. Following this, Zebpay had asked its users to withdraw money before the deadline following RBI mandate.

Embattled Blood-Testing Startup Theranos to Shut Down – The once-hot startup, Theranos, that was trying to revolutionize bood-testing industry in the US is finally shutting down. Theranos’ solution was once heralded as a revolutionary new way to conduct a blood test to detect myriad diseases with a single finger prick.

Last mile delivery startup, The New Post shuts down – A 5-month-old package holding and delivery service, The New Post, abruptly closed down, leaving its customers in a lurch. Its general manager Sean Khokhar confirmed on Sunday that they had closed.

AutoRaja Shuts Down Services; Co-Founders To Join Ola – Chennai-based auto-rickshaw aggregator, AutoRaja, has finally wound up its services from the city due to lack of funds and inability to sustain competition. With the shut down, the top officials and the remaining fleet has reportedly joined Ola. The AutoRaja’s auto-rickshaws have been told that they will now get their business leads from Ola.

Google funded Drone startup Airware to shut down – Airware, a google funded startup that had raised $118 million from top investors like Andreessen Horowitz, Google’s GV, and Kleiner Perkins informed its employees that it was ceasing operations. Drones are enabling companies to more efficiently and effectively capture data, and Airware allows enterprises to integrate this data with existing information and workflows to improve efficiency, productivity, and safety. Airware was positioning itself as an “enterprise drone analytics company” trying to help enterprises harness aerial data.

Payza To Shut Down Bangladesh Operation – Payza, the London-based digital payment service company that has been operating in Bangladesh for the last couple of years, has announced that it will shut down its platform in Bangladesh, effective from 16th October 2018. In an email sent to Payza users in Bangladesh, the company requested users to withdraw their money from Payza account by 16th October and said that the Payza BD platform will no longer be functional after 16th October and said that users would not be able to withdraw fund after the deadline. It has also sent details instruction regarding how to withdraw fund from any Payza account.