india employmentnews

Koo Shutdown: Why is X's rival social media app Koo going to shut down, know here


Indian social media app Koo, once considered a strong rival of X (formerly Twitter), is going to shut down its operations.

Founder Aprameya Radhakrishna announced in a LinkedIn post, bringing an end to the ambitious venture launched to make a place in the global social media landscape.

Why is Koo shutting down?

The decision to shut down comes after a series of failed attempts to sell or merge the platform.

Potential deals included discussions with Dailyhunt, a leading content aggregator. According to sources, these talks failed, leaving Koo with no viable way to move forward.

In a joint post with co-founder Mayank Bidawatka, Radhakrishna spoke about the challenges Koo faces.

"Building ambitious, world-class products from India in sectors such as social media, AI, space or EVs requires patient, long-term capital," he said. "When competing with global giants, adequate capital is required. These enterprises cannot depend on fluctuating capital markets; they need a strategic approach to ensure their growth and sustainability."

Radhakrishna also pointed out that projects like Koo are long-term investments and should not be expected to make quick profits.

"These are long-term investments, not profit machines to be built in two years. We hope to see this long-term perspective for important Indian enterprises," he said.