The Bengaluru-based startup, backed by Blume Ventures and General Catalyst, uses facial recognition and encrypted on-device AI to enable automatic, consent-based photo exchanges between friends.
A greater focus on groundbreaking innovation of a global scale can ensure continued high resonance for the offerings among the target audience and, in the process, make the business more sustainable
Koo co-founders Aprameya Radhakrishna and Mayank Bidawatka said they will now evaluate making the company's assets into a digital public good to enable social conversations in native languages around the world.
The Tiger Global-backed company has raised $65 million so far from Accel, 3one4 Capital, Naval Ravikant, Balaji Srinivasan, Kalaari Capital and several others
Koo, once a high-flying startup, had also roped in Naval Ravikant and Balaji Srinivasan as investors. It had even positioned itself to take on X (formerly Twitter) but now cannot scale without an M&A or fresh capital.
The microblogging website, touted as a desi alternative to Twitter, saw monthly active users fall to about 3.1 million in April 2023, in the third straight month of decline this year. Company says it is well-capitalised and remains positive about building a social media platform from India for the world.
The Tiger Global-backed startup has trimmed 30% of its 260-member workforce, or about 80 employees, over the past year or so.
Founded in 2020 by Aprameya Radhakrishna and Mayank Bidawatka, Koo has so far raised over $70 million from investors like Accel, Blume Ventures, Kalaari Capital, 3one4 Capital and others.
Initially, Koo benefited from Twitter’s spat with Indian authorities over the content on its platform as many citizens, including government officials and Bollywood celebrities, flocked to the microblogging application as a local alternative
Virat Kohli graduated from Saviour Convent Secondary School in New Delhi in 2004.
Apple CEO Tim Cook pushes for the launch of mixed reality headset, Twitter rival Koo jumps on the AI bandwagon, Microsoft announces AI Copilot for Office 365 apps and more as generative artificial intelligence war gets fierce
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ChatGPT is an artificial intelligence bot that can create prose in response to prompts and has set off a tech industry craze over generative AI.
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.
Under Elon Musk, Twitter has abruptly banned competitors and top journalists critical of the new boss.
Start-ups, especially in the early stages, have been on a hiring spree for tech talent. However, average pay packages have dropped 12-18% year on year.
Twitter-rival Koo aims to further cement its position globally by making the app available to more countries and launching in multiple global languages.
West Bengal Chief Minister Mamata Banerjee, who has 7 million followers on Twitter and 4.9 million followers on Facebook, joined Koo on November 1.
The co-founder and CEO of Koo, Aprameya Radhakrishna, urged Twitter users to “switch to Koo” amid reports that Twitter is planning to start charging its users for a blue tick verification badge.
The Koo spokesperson said that the company’s workforce was streamlined to meet current business requirements as Koo is currently going through a rapid growth phase.
Koo’s co-founder and CEO Aprameya Radhakrishna, Amazon’s Head - Strategic Initiatives - Public Sector Deepti Dutt, Zomato’s Chief Technology Officer Gunjan Patidar, and Delhivery co-founder Suraj Saharan weigh in
Algorithms are a set of mathematical rules that help to personalise and improve experiences for users based on their own behaviours and preferences.
Koo had recently launched the beta version of the feature on its platform and about 5,000 users have self-verified their accounts since then.
A verified profile on social media such as Twitter and Instagram -- typically marked by a badge or tick next to the profile name -- gives the user credibility because it means the service has confirmed the authenticity of the person.
Koo founder Aprameya Radhakrishna also retweeted Elon Musk’s tweet and called it “interesting”.