koo shutting down

Another startup that could have been something had it not been for the bull market and Tiger investing unnecessarily. Over $66Mn raised, and now it's over.

2Mn DAU👀 https://www.linkedin.com/posts/aprameyaradhakrishna_heres-an-update-from-mayank-bidawatka-and-activity-7214158389881262081-KZNn

The Indian microblogging site Koo has shut down. Reminds me of a conversation with an ex-founder along the lines of “Startups are a hard business. But even within startups, social networks are the hardest businesses to build” What do you think of Koo

Source: https://thearcweb.com/article/funding-out-of-reach-koo-explores-strategic-sale-partnership-sharechat-linkedin-IDxDe2aP7Ab05Gho What surprises me is that one cofounder is left with just 1% stake. I mostly discount such things but here it was an explicit bet because the funds knew Aprameya and not because they saw any potential in the idea. Doomed to fail from the start, no matter how right wing they positioned it to be.

What do you think about this "Grapevine" platform ? Are they generating some profit? Or same like Koo, exist because of VC?

Read somewhere that they raised 525 Cr while the rev. at that point stood at 14L