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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.

People download the Koo app at their promotional stall inKoo is a personal update, opinion-sharing micro-blogging platform. The made-in-India app empowers people to express their thoughts in Indian languages with a strong-knit local Indian community. With ten million downloads, its the fastest-growing Indian social networking App owned by Bombinate Technologies Pvt Ltd., a Bangalore-based company. Koo has been declared an AatmaNirbhar (self-dependent) app and won the AatmaNirbhar (self-dependent) App Innovation Challenge held by the Government of India in August 2020. PM Narendra Modi encourages Indians to use the Koo App in his Mann Ki Baat speech too. (Photo by Pradeep Gaur/SOPA Images/LightRocket via Getty Images)
Koo added support for ChatGPT to help users draft posts on the platform in 2023

Overview

  • 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.