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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DancingTaco
DancingTaco

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

GroovyWaffle
GroovyWaffle

I didn’t say the right wing supported them. I said they try to position Koo to be pro right wing, sucking up and licking their boots, and still didn’t work out as the govt and/or the rw folks didn’t care about any of this.

WigglyBagel
WigglyBagel

Why do you think that it was the right wing party people who joined it first ? Just a coincidence ?

BubblyDonut
BubblyDonut

When a bhakt supported app stops being supported by the bhakt agenda, this is what happens

JumpyPickle
JumpyPickle
Amazon18mo

Are you against Indian products competing with global giants? Most people don't even have the balls to do something like this. Why abuse anyone who attempts to do something so unthinkable? Commentary dena easy hai. Karna bahut mushkil.

BubblyDonut
BubblyDonut

1 - no, I’m not against Indian products competing with global giants
2 - there was no abuse in what I said, padhna seekhlo Amazon mein kaam ayega
3 - comment karna haq hai, tumko nahi karna toh tum mat karo. Mein karunga.

GroovyKoala
GroovyKoala

Isnt 20 cr more than enough to run a business of such kind?

FuzzyLlama
FuzzyLlama

Not at all, server costs alone will burn through it in couple of months. Let alone employee, marketing and other expenses.

SwirlyJellybean
SwirlyJellybean

What's the estimated server cost for something like koo?

SparklyNoodle
SparklyNoodle
Remo18mo

I remember some guy/girl from koo put a post on Grapevine 1 month back stating how Aprameya used to openly say in townhalls that "aapko yahan g**nd marwani padegi"

CosmicWaffle
CosmicWaffle

That was me bro

SparklyNoodle
SparklyNoodle
Remo18mo

Are you still in Koo. What's happening there?

PeppyUnicorn
PeppyUnicorn

Down the loo

GroovyPanda
GroovyPanda

Govt not supporting now? 😂

TwirlyDumpling
TwirlyDumpling

I have worked in koo for a few months during its early stage. It is the most toxic work environment I have ever seen. The co-founder knows jackshit about tech and expects every feature to be delivered in a day or two and our CTO doesn't object to anything he says. And the result is we devs have to work our ass off to deliver them on time . The code quality used to be always compromised since there is no time to work on refactoring and optimising the code base. In a few months me along with almost all the founding members left the organisation. They tried hiring people in large from top institutions but I know the same cycle is going to be repeated if the top management is toxic and incompetent to such a degree.

GoofyQuokka
GoofyQuokka

No USP. Basically a twitter clone sold in the name of nationalism. It was doomed to fail and the investors are idiots.

WobblyPancake
WobblyPancake
Dukaan18mo

Bhai FD krva lete to fayda revenue hota

SquishyBiscuit
SquishyBiscuit

Lol! Desi developers need to realise that this overhyped nationalism of creating apps that are over ambitious to compete with Social Media Giants like Twitter must stop!

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by DerpyNarwhalFounder

Koo is 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.

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Top comments
user

Copy cats. App should have been called Poo

user

They laid me off as an intern after promising PPO :(

user

What problem were they solving anyway