Indian social media platform Koo is discontinuing its services, according to a social media post by its top executives. “Our partnership talks fell through and we will be discontinuing our service to the public,” read a LinkedIn post from CEO Aprameya Radhakrishna and co-founder Mayank Bidawatka.
The platform, launched in 2020, faced a dearth of funding and high technology costs, which ultimately led to its shutdown.
Koo gained popularity in 2021 following a dispute between social media platform X (formerly known as Twitter) and Indian lawmakers. The government ordered the removal of certain content, prompting politicians and other users to migrate to Koo, the domestic micro-blogging competitor.
In February, TechCrunch reported that Koo was in talks for a potential acquisition by Indian news aggregator Dailyhunt through a share-swap agreement. However, the report did not specify the deal’s value.
Koo had raised more than $60 million from investors, including Tiger Global and Accel, before the shutdown.
