GroovyWaffle
GroovyWaffle

Koo is in distress - only 20cr left in the bank

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.

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14mo ago
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