Koo is shutting down

After securing $66.4 million across seven funding rounds. koo Shuts down 🙂👏

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

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.

Nice to see the openness. Can't imagine how tough it is, to have been derailed by incorrect signals during the bull market. I think they're genuine people who unfortunately could not get it to the right place. https://www.linkedin.com/posts/mayank-bidawatka-028b2a1_i-had-promised-updates-and-heres-another-activity-7189226150538240000-MmcI?utm_source=share&utm_medium=member_desktop

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

How is the work culture at KooApp.com ? Since it is a growing startup, the work load can be a lot , but how is the environment? Fun, toxic, challenging? Also throw some light on benefits.

https://anonymfile.com/NEEXl/tiger-global-draft-of-new-yorker-story-doing-the-rounds-in-nyc.pdf TLDR: Tiger Global may pass soon.

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