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Koo Shutdown: Why is Koo, the social media app called X's rival, going to shut down? Know here

Indian social media app Koo, as soon as thought-about a powerful rival to X (previously Twitter), is shutting down its operations.

Founder Aprameya Radhakrishna made the announcement in a LinkedIn publish, marking the top of an bold enterprise that was launched with the goal of constructing a mark within the international social media panorama.

Why is Koo shutting down?
The choice to close down comes after a collection of failed makes an attempt to promote or merge the platform.

Potential offers included discussions with Dailyhunt, a number one content material aggregator. Based on sources, these talks fell by means of, leaving Koo with no viable means ahead.

In a joint publish with co-founder Mayank Bidawatka, Radhakrishna spoke concerning the challenges confronted by Koo.

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

Radhakrishna additionally identified that tasks like Koo are long-term investments and shouldn’t be anticipated to make fast earnings.

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

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