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.
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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.
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.
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.
Good guys , bad product!!
Perhaps Koo would have worked in China
I heard that mayank has opened a new startup.
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.
This is really sad to know by all means
Good to see openness. But they should have just shut shop way before.
Before it was Koo it was Vokal. That app died a silent death. Had interviewed with them then and asked this question to them as to what's the path to profitability and they didn't have a good answer and spoke as if i lacked enough knowledge
Product was always shit! They just raised money to fill the pockets. Though appreciate him doing salary cut instead of firing ppl.
Never respected the app, what silly guys, riding on jingoism wave, had to die down. But this response surly deserves huge respect 🫡🙂👏👏