By Entrackr
Vernacular microblogging platform Koo has shut down its operations as the company failed to find a buyer, according to the company’s co-founder and chief executive officer Apramyea Radhakrishna’s LinkedIn post.
The shut down was inevitable as the company was struggling for traction and follow-on investment. In September 2023, Entrackr exclusively reported that Koo was looking for a merger and acquisition deal as it couldn’t raise a new round.
As per Radhakrishna, Koo explored M&A options with large internet companies, media and conglomerates but nothing materialized.
Koo last raised $6 million in November 2022 co-led by Tiger Global and Accel Partners with the participation of Kalaari Capital, 3one4 Capital, and Dream Incubator (DI).
Koo came under the spotlight in early 2021 amid Twitter’s tussle with the Indian government. Koo gained instant traction, similar to several other Indian platforms that benefited from the ban on TikTok.
This is a developing story, stay tuned for more updates…