They didn't have a unique selling point. They were just building an Indian version of Twitter. When the Elon Musk acquisition fiasco happened, it boomed. They also used the "Built in India" patriotic crap to acquire users. After a point, they couldn't maintain the attained PMF.

Software Engineer

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

Welcome to Indian Startups's Private Community

What exactly went wrong with Koo?

Venture Capital

What exactly went wrong with Koo?- Grapevine

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.

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

Gov & right wing had nothing to do with koo from day 1 ! Why are you bringing them into this...all gov personalities are on twitter themselves, so why drag right wing into it.... the product itself was hapf cooked and investors jumped on the ideo of Indian sicial media

Founder

Welcome to News Discussion's Private Community

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.

Work, Benefits and Culture at Koo App

After securing $66.4 million across seven funding rounds.

koo Shuts down 🙂👏

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.

Koo is shutting down

Copy cats. App should have been called Poo

Data Scientist

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

Koo founder shares on why they can't pay salaries anymore to employees

Operations Manager

This is just a prediction based on what I've been observing recently. Founder is publishing a lot of self ego boosting articles and aggressively hiring currently.

This has been going on for quite some time and they recently did some layoffs too!

These are some of the early signs when things start to go wrong.

Not sure about their numbers. And even though Indians really love gold it's not an investment. It's a hedge. 

Let's see what happens in the next 12 months.

Prediction - The next startup to fall will be Jar

Product Manager

The health-tech company raised $25 million in 2022. Now their operations are shut, website deactivated. They haven't paid their employees for over 3 months. They encouraged employees to resign and brought their count down from 2000 to 200.
They even played a facade to showcase they were afloat by hiring people in Jan 2023, and moving to a larger office space. 
The employees allege the company had promised to clear the dues.

This was backed by the Kalaari capital and others. 
What's happening with health tech?

Health care start-up shut shop after raising $25 million

Can anyone here tell me what exactly went wrong with Dunzo... I was working on a case study related to the same... Would certainly help me a lot

What went wrong with Dunzo?

Whats with Fi money laying of 10% of their workforce for a 2 yr extended runway

Clueless founders, panicking investors, dead market and garbage product. All combine to create these situations.

Analyst

willl try my best to be honest, ask me anything

AMA - I work at a VC fund

Sad state of Indian Edtech. Next would be Unacademy.

BlackRock has yet again cut the value of its holding in Byju's, slashing the implied valuation of the Indian startup to $1 billion from $22 billion in BlackRock has cut the value of its holding in Byju's, slashing the implied valuation of the Indian startup to $1 billion from $22 billion in early 2022.

BlackRock cuts Byju's valuation by 95% to $1 billion | TechCrunch

Just in : BlackRock cuts Byju’s valuation by 95% to $1 billion 🌀

Software Developer

Program Manager

BYJUs has raised a round of 700 M last week in a tight funding market, investors are said to be Middle East based sovereign wealth fund. It is said messi partnership and fifa World Cup had introduced the firm to Middle East sovereign funds

BYJUs has raised a whooping USD 700 m (6000 cr.) in this market

Growth Manager

Load of crap

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

The shutdown of Koo( Indian micro blogging platform)...

The Startup that you had an offer from but did not join, and then it went big? (Let's take a word from VCs, how they like to use anti portfolio lists on their sites - cos they got an opportunity to enter but missed)

What exactly went wrong with Koo?

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