Ola Cabs founder Bhavish Aggarwal commented on X about Koo's shutdown, emphasizing the need for originality in Indian startups. Koo, a 4-year-old Indian alternative to Twitter, is closing after failed acquisition talks with Dailyhunt.
Koo, a 4-year-old Indian alternative to Twitter, is shutting down after acquisition talks with Dailyhunt failed. Founded in 2020 by Aprameya Radhakrishna and Mayank Bidawatka, Koo promoted native languages and gained over 60 million downloads.
Koo, a social media competitor to Twitter in India, raises Rs 51.08 crore ($6.3 million) in a fresh round co-led by Tiger Global and Accel Partners with the support of Kalaari Capital, 3one4 Capital, and Tokyo-based PE company Dream Incubator (DI). The Bengaluru-based company's second investment round for 2022 is now underway.
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