Indian social community Koo to close down

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The Indian social media platform Koo is shutting down after acquisition talks with Dailyhunt fell by.

Regardless of securing over $60 million in funding from outstanding traders like Tiger World and Accel, Koo confronted vital challenges in increasing its consumer base and producing income over the previous yr.

TechCrunch solely reported in February that Koo was participating with Dailyhunt, an web media startup valued at $5 billion, for a possible sale.

Koo sought to win customers by giving them a X-like platform the place they may categorical themselves in a number of native languages. The startup additionally had additionally expanded its eponymous app to Brazil.

“We explored partnerships with a number of bigger web corporations, conglomerates and media homes however these talks didn’t yield the end result we wished,” Koo founders Aprameya Radhakrishna and Mayank Bidawatka wrote in a LinkedIn put up Wednesday.