#Fail: Alikolo

Alikolo 2014–2015
Indonesia — Jakarta, Java
Founder Danny Taniwan
Raised $100,000

Alikolo was an e-commerce marketplace

Main reasons for failure:

- Funding: Inability to secure the next funding round
- Investors: Sold the majority of the company to Angel Investors that were in completely different line of business ( they sold commodity)
- Founder: Lack of experience in creating and managing a company

Nowadays
Danny Taniwan founded AFFORIA and now is the Country Manager of LogiNext.

Source: TechinAsia

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