Indian Social Media Platform Koo Shuts Down After Failed Acquisition Talks

Once valued at nearly $300 million, Koo ceases operations following unsuccessful negotiations with multiple companies.

Koo, launched in 2019, aimed to be a 'Made-in-India' alternative to Twitter.
The platform gained popularity during the Indian government's conflict with Twitter over content regulation.
Despite claims of having 9 million active users, Koo struggled with revenue generation and content moderation issues.
Failed acquisition talks with companies like Dailyhunt led to the decision to shut down.
Koo's founders cited the high cost of running the platform and a lack of long-term investment as critical challenges.