Indian startup Koo, launched four years ago in 2020 as a competitor to the micro-blogging app. According to the app’s founders, the company, which was started four years ago by Apremya Radhakrishna and Mayank Bidawatka, will cease operations after failed acquisition talks with ‘several large Internet companies, organizations and media houses’. Koo was among several companies that tried to become an alternative to American Internet services by offering services to users in local languages in India.
Koo founders announced the shutdown
on Wednesday Post on LinkedIn Koo founders Radhakrishna and Bidawatka said that Koo will be shut down after completion of acquisition discussions with ‘several major Internet companies, organizations and media houses’….”
Published in February TechCrunch reports It was claimed that Koo was in talks with Bengaluru-based news and content aggregator Dailyhunt for an acquisition.
The founder also said that ‘some of the companies’ who were in talks with our company ‘came very close to signing in their minds’ and ‘most of them were frustrated with the user-generated content and unregulated nature of the social media company they were dealing with. .’
At Koo’s peak, it had approximately 10 million monthly active users and 21 million daily active users. Koo’s popularity grew with support from the central government at a time when there was a standoff between Twitter and the Indian government over requests to remove content. In 2022, Koo crossed the five crore user mark and said that it aims to surpass Twitter’s user base in India within a year.