Akshata Sharma
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India's own Twitter (now X) rival, Koo, is shutting down its operations after raising more than $50 million in funding.
The closure was announced by founder Aprameya Radhakrishna in a LinkedIn post, marking the end of an ambitious venture that aimed to secure a place in the global social media landscape.
The decision was tough but necessary, as the founders failed to sell or merge the platform.
"Our partnership talks fell through, and we will be discontinuing our service to the public," the founders said in a note.
"We explored partnerships with multiple companies, but most of them didn't want to deal with user-generated content and the wild nature of a social media company," they said.
Among the potential deals were discussions with DailyHunt, a prominent content aggregator. According to media reports, these negotiations fell through, leaving Koo with no viable path forward.
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