Umadbro

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.

14mo ago

YeahItsMe

Harman International Industries14mo

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

Umadbro

Stealth14mo

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.

MildUse55

Stealth14mo

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

ProteinPancakes

Dream 1114mo

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

jingalala

Amazon14mo

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.

ProteinPancakes

Dream 1114mo

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.

MelonDesk

Stealth14mo

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

Baby_yoda

Stealth14mo

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

FailSafe007

Discord14mo

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

SmokeBuddy

Stealth14mo

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"

PrimeMean

M2P Fintech14mo

That was me bro

SmokeBuddy

Stealth14mo

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

MicahBell

Startup14mo

Down the loo

Discover more

Curated from across

VyapaariVenture Capital4mo

What exactly went wrong with Koo?

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

PaulStartup4mo

Koo is shutting down!!

2Mn DAU👀

https://www.linkedin.com/posts/aprameyaradhakrishna_heres-an-update-from-mayank-bidawatka-and-activity-7214158389881262081-KZNn

web3nerdDefi4mo

koo shutting down

After securing $66.4 million across seven funding rounds.

koo Shuts down 🙂👏

2.8K views

RoyalflushStealth4mo

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.

29K views

Top comment

Copy cats. App should have been called Poo

UsefulTailorNavi Technologies3mo

Sharechat raises $16Mn in extended debt round. Also laid off 5% workforce.

I feel they would be raising for 4-5 months of runway at a time this way. Anybody knows?

moneycontrol.com

Sharechat closes $16 million fundraise while firing up to 5% of workforce

The fundraise is an extension of its convertible debt round in which it has already raised $49 mi...

17K views

Or get it on the stores.

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