Once pitched as a desi rival to Twitter, Koo shuts shop on funding woes

Quick Summary:

Koo, a once-popular social media platform in India, is shutting down due to revenue challenges and fierce competition with Twitter.

The platform faced difficulties in securing long-term capital for its ambitious growth plans, ultimately leading to its closure.

NEW DELHI: Koo, which was once touted as a locally-developed desi alternative to global micro-blogging giant Twitter (that had been having frequent run-ins with govt over content moderation), has called it quits.

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Article Details

Author / Journalist: Pankaj Doval

Category: EconomyBusiness

Markets: IndiaJapanPakistan

Topics: Business news Layoffs Koo Technology services Shutdown Social media platform Funding woes Twitter Investors

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-04 @ 01:56:44 (2 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 814 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21474389

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About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

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