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Homegrown Twitter rival Koo says he fired 15 employees, not 40

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Homegrown microblogging platform Koo on Tuesday it said it has laid off 15 employees, or 5 percent of its workforce, and not 40 as previously reported in the media.



In a new statement to IANS, the Twitter rival said 15 positions were “taken over or removed due to performance issues”.

“This is fully in line with industry standards for hiring and budget cuts. At the same time, Koo continues to recruit talent into its revenue, product and engineering teams,” said a company spokesperson.

The additional hires, Koo said, will help the company prepare for the next phase of growth and monetization.

Aprameya Radhakrishna, co-founder and CEO of Koo, was recently in London for an industry event for Indian entrepreneurs.

The company’s spokesperson said it has “met no financiers or high net worth individuals (HNIs) in London and has not engaged in any fundraising activities”.

Koo has raised $44.1 million so far.

The company said it is “well capitalized, focused on growth and innovation, driving digital inclusion and hitting 100 million downloads”.

Launched in March 2020, Koo is currently available in 10 languages: Hindi, Marathi, Gujarati, Punjabi, Kannada, Tamil, Telugu, Assamese, Bengali and English.

According to the platform, it has over 45 million downloads and is actively used by 7,000 high-profile people from across the spectrum.

Koo is supported by Tiger worldwide and early stage investors such as Accel, Kalaari capitalBlume Ventures and Dream Incubator.

In February of this year, Koo raised $10 million through Indian family offices.

Investors included Capsier Venture Partner, Ravi Modi Family Trust, Ashneer GroverFBC Venture Partners, Adventz Finance etc., according to regulatory filings.

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