The social media platform Koo, India’s Twitter rival, is shutting down as partnership offers didn’t materialise.

Confirming on LinkidIn on July 3, Koo co-founders Aprameya Radhakrishna and Mayank Bidawatka wrote, “Our partnership talks fell via and we might be discontinuing our service to the general public. We explored partnerships with a number of bigger web corporations, conglomerates, and media homes however these talks did not yield the end result we wished.”

“The little yellow chook says its last goodbye,” they added.

“A few them modified precedence virtually near signing. Whereas we’d’ve preferred to maintain the app working, the price of expertise providers to maintain a social media app working is excessive and we have needed to take this powerful determination,” the co-founders stated.

Reportedly, Koo was in talks with web media startup Dailyhunt for a possible sale. Nonetheless, the deal didn’t occur later. 

Koo hoped to draw folks by offering an X-like platform the place they might categorical themselves in quite a few native languages. The enterprise had additionally prolonged its eponymous software program into Brazil.

However a protracted funding winter, which compelled startups globally to scale their income and enhance their funds, “acquired the higher of us,” Koo founders stated.

Additional within the submit, the founders talked about that “at our peak, we have been about 2.1 million every day energetic customers and round 10 million month-to-month energetic customers, over 9000 VIPs, that included among the most outstanding personalities from varied fields”.

The founders additionally talked about that the temper of the market and the funding winter “acquired the higher of us”.

Koo has secured greater than $60 million in funding from outstanding buyers like Tiger International and Accel