While founders have now become more prudent, there are firms that continue to burn cash to survive and may soon end up in the dead pool once their runway ends
Koo's entry into the startup dead pool comes at a time when the startup world has been grappling with the so-called funding winter
Indian alternative to X (formerly Twitter) has officially shut down, with founders Aprameya Radhakrishna and Mayank Bidawatka citing financial struggles as the main cause
Homegrown microblogging platform Koo has, however, been India's most successful attempt at recreating the X model
Indian platform that was once seen as a potential rival to Twitter says that it is in discussions with potential strategic partners
The deal could be finalised 'within weeks' and involves a share-swap agreement, a report released on Wednesday suggested
This move coincides with news of the government's preparation of the Digital India Bill (DIB) which aims to supersede the Information Technology Act, 2000
With Koo Premium, creators will have the option to offer exclusive content to their subscribers in exchange for a weekly or monthly subscription fee
The micro-blogging website, however, says it is well capitalised at the moment after raising fresh funding recently
The spokesperson of the company said that dismissed employees will be supported by compensation packages, health benefits and aid in finding new jobs
The company also announced to remove all legacy Blue verified checkmarks for both individual users and organisations from April 1
India's microblogging platform Koo on Monday announced that it has launched a new feature to enable creators to compose and draft posts using ChatGPT. The feature is available to eminent or verified profiles on Koo and will be rolled out to all users soon, it said in a statement. With the ChatGPT integration, creators will be able to leverage the power of AI (Artificial Intelligence) to help draft their Koos. "The generative AI feature will provide multiple use cases for creators such as finding the top news of the day or asking for a quote from a well known personality or even asking for the post or a blog to be written on a particular theme all within the draft section," it said. Creators will be able to type their prompts to ChatGPT within the app or use Koo's voice command feature to give their voice prompt without typing. Mayank Bidawatka, Co-Founder of Koo said, "We are always looking for ways to make content creation easy for our users and the integration with ChatGPT will
As Twitter treads through uncertainty, here are the alternatives for those seeking a Plan B, and how they stack up against the Twitter
/ -- Koo App, a two-year-old independent startup, backed by the world's notable investors Tiger Global and Accel Partners, invites local language speakers across the world to #JoinKoo to experience its inclusive, secure, easy-to-use and free-to-access platform available on web and mobile applications. The app is available in 20+ global languages, including English, French, German, Italian, Indonesian, Spanish, Portuguese, Thai, Vietnamese, Korean, Turkish and Hindi. Many new global languages will be launched soon. Koo App is the world's second largest micro-blogging platform with multilingual capabilities. Koo recently achieved 60 million downloads worldwide. The platform is all set to increase its footprint globally with a very strong proposition that will include a feature that enables users to migrate from Twitter to Koo and a free self-verification tool that can verify their humanness within seconds. The company has made it easier than ever to migrate from Twitter with the abilit
Koo -- the Made-in-India rival of Twitter -- has offered to migrate all historic tweets of any Twitter user willing to shift to its platform that will continue to not charge users for verification badge, its co-founder and CEO Aprameya Radhakrishna said. Since taking over Twitter in a USD 44 billion deal in October, Elon Musk has sacked its employees, overhauled its moderation policies, put a price for account verification, and restored previously banned accounts including that of former US President Donald Trump. In recent days, he suspended the accounts of several prominent journalists without warning who had been covering him, but had to reinstate the accounts following strong criticism from government officials, journalist organisations, and advocacy groups. Koo, which allows users to express views in Indian languages, has already crossed 50 million downloads and is now flying into the rival's nest, starting a campaign to woo Twitter users, offering self-verification and a ...
Mastodon is the social media rival of Twitter
The Brazil launch has shown the multilingual platform has potential
Homegrown microblogging platform Koo App on Monday said it has received a strong response from users in Brazil, logging over 1 million downloads within 48 hours of launch in that market. Twitter-rival Koo aims to further cement its position globally by making the app available to more countries and launching in multiple global languages. The announcement comes at a time when billionaire Elon Musk has taken over Twitter, setting in motion massive changes and sacking many employees. In a statement on Monday, Koo said: "India's multilingual microblogging platform, Koo App, was launched in Brazil with the addition of the Portuguese language, making it available in 11 native languages now". Within 48 hours of launch, the platform received a "tremendous response" from Brazil users with over 1 million user downloads, Koo further said. Koo occupied the number one spot on both the Android Play Store and Apple App Store for the last few days, it added. "With a blockbuster entry of an open
Koo co-founder Mayank Bidawatka, in a tweet on Friday, offered to hire some of the Twitter ex-employees
Koo is the only Indian microblog competing with other global microblogging platforms such as Twitter, Gettr, Truth Social, Mastodon, Parler and stands second (after Twitter) in terms of user downloads