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How Tiger Global-Backed Koo Lost Its Mojo & Shut Shop

Inc42 · 11m

Microblogging platform Koo has faced significant financial challenges, reporting a net loss of INR 244 crore between FY20 and FY22, with revenue of just INR 21 lakh during the same period. These financial struggles were compounded by a decline in user numbers and difficulties in raising funds. Talks of potential acquisition by Dailyhunt and Josh parent company VerSe also failed, leading to the eventual shutdown of Koo.