SubtleRefund

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

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

6mo ago

Thomas_Shelby

Swiggy6mo

I’m sorry but this was bound to happen. Said it earlier gonna say it again. Koo has nothing new to offer all they are doing is copying Twitter and labelling themselves as Made in India brand right from day 1.

People often mix business with nationalism. Anyone doing it, will surely fail sooner than later. Consumers do not give a shit about the nationalism aspect. They will always look for convenience no matter which company provides it. That’s how businesses work, you cannot play with sentiments of people and expect money out of them to fill your pockets.

Ambani007

Swiggy6mo

This is BS reasoning. Find out how Weibo and Baidu succeeded. Nationalism has to be followed up to the letter. Pseudo Aatmanirbhar like what Indian govt propagates won't work. Restricting market access to foreign companies and unconditional/strategic support to local ones is essential for local businesses in certain fields to prosper.

Thomas_Shelby

Swiggy6mo

It’s a complete different story for China. Not a fair comparison at all. They have always been self reliant. Government regulations is also one aspect.

Until and unless there is some actual impact created by the local businesses, nothing will change. Koo had nothing new to offer. And that is the reason they failed.

VolTa_musk

Optum6mo

Good guys , bad product!!

FunnyBones

Plivo6mo

Perhaps Koo would have worked in China

Heynaman

Stealth4mo

I heard that mayank has opened a new startup.

Gupchup

Microsoft6mo

It's hard to make money through ads in India, especially for a text based platform like Twitter or Koo. Also the reason why the likes of sharechat are in trouble. CPCs are too low. I worked with a major ad tech company - India ranked #2 globally in impression volume but #14 in revenue.