Homegrown Twitter rival Koo has laid off at the very least 40 individuals, principally from its operations and backend groups, and the micro-blogging platform mentioned on Thursday that it’s realigning its workforce aceto the present enterprise necessities”.
The event was first reported by main startup information portal Inc42, which mentioned that Koo CEO Aprameya Radhakrishna is at the moment overseas, looking for a recent spherical of funding.
A Koo spokesperson informed IANS thatAthe platform is at a section of fast development because it steers digital inclusion for native language audio system.
“We not too long ago attained a significant milestone of 45 million downloads, rising 10x within the final 2 months. The expansion that we’re witnessing in our enterprise is mirrored in our worker energy of 350+ individuals sturdy,” mentioned the spokesperson.
Koo, which is aiming to achieve the 100 million-download mark, mentioned that it continues to “recruit expertise particularly so far as engineering and machine studying groups are involved”.
“Our workforce is streamlined to make sure it’s aligned to the present enterprise necessities. As a people-first firm, we admire the expertise and contributions of every of our associates,” the spokesperson added.
Launched in March 2020, Koo is at the moment obtainable in 10 languages — Hindi, Marathi, Gujarati, Punjabi, Kannada, Tamil, Telugu, Assamese, Bengali and English.
In line with the platform, it has over 45 million downloads and is actively leveraged by 7,000 high-profile individuals from throughout the spectrum.
In February this 12 months, Koo raised practically $10 million in two completely different trances from a number of buyers.
The buyers included Capsier Venture Partner, Ravi Modi Family Trust, Ashneer Grover, FBC Enterprise Companions, Adventz Finance and so forth, in line with regulatory filings.
Final 12 months, Koo raised its Collection B funding from Tiger Global, Accel Companions, and Blume Ventures.
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