India’s Twitter Rival Koo Shuts Down Due to Financial Challenges

Koo, India's social media platform, is shutting down due to failed partnership talks and high technology costs.

  • Koo, India’s social media platform, is shutting down due to failed partnership talks and high technology costs.
  • The platform had 2.1 million daily active users and 10 million monthly users at its peak, but faced financial challenges and a prolonged funding winter.
  • The founders plan to sell some of the company’s assets and hinted at their comeback as entrepreneurs.

Koo, the Indian social media platform that aimed to rival Twitter, has announced its shutdown. The founders, Aprameya Radhakrishna and Mayank Bidawatka, cited failed partnership talks and high technology costs as the reasons for the closure. Despite its success, with 2.1 million daily active users and 10 million monthly users at its peak, the platform faced financial challenges and a prolonged funding winter.
The founders expressed their gratitude to supporters, team, investors, creators, and users in their farewell message. They also hinted at their comeback as entrepreneurs, stating that they will be back in the arena one way or another. The platform’s shutdown marks the end of an ambitious project that aimed to provide an inclusive social media experience for Indians.
The founders also plan to sell some of the company’s assets, stating that they will share them with someone who has a great vision for India’s foray into social media. Despite its shutdown, Koo’s legacy may live on, inspiring future entrepreneurs to create innovative social media platforms.
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