Indian microblogging platform Koo, an alternative to X (formerly Twitter), is shutting down after prolonged acquisition talks failed, founders Aprameya Radhakrishna and Mayank Bidawatka announced in a LinkedIn post. The four-year-old startup decided to wind up operations following the collapse of acquisition discussions with online media firm Dailyhunt. Despite securing over $50 million in funding from prominent investors such as Tiger Global, Accel, 3one4 Capital, Kalaari Capital, and Blume Ventures, Koo faced challenges in expanding its user base and generating revenue over the past year.
"Our partnership talks fell through and we will be discontinuing our service to the public. We explored partnerships with multiple larger internet companies, conglomerates and media houses, but these talks didn't yield the outcome we wanted," Mayank Bidawatka, co-founder of Koo, wrote in a social media post.
