The real reason behind shutting of Koo app

Koo is the Indian social media app that was once considered a strong competitor to X (formerly Twitter). It is now closing down. Founder Aprameya Radhakrishna announced this in a LinkedIn post. It is marking the end of the ambitious project. It aimed to make a mark in the global social media scene. Official announcement of Koo founder The founder of Koo, Aprameya Radhakrishna, revealed in a LinkedIn post that the Indian social media app, once a formidable rival to X (formerly Twitter). It is ceasing its operations. This decision comes after several unsuccessful attempts to sell or merge the platform.Koo received a valuation of $275 million after getting more than $66 million from investors like 3one4 Capital, Accel, and others. Even with this significant support, the company faced challenges in obtaining the required funding to continue operating and rival well-known international companies like X.The failure to draw in more long-term capital eventually resulted in the choice to close down.