Homegrown Twitter rival Koo has laid off at the very least 40 folks, 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 present overseas, searching for a contemporary spherical of funding.
A Koo spokesperson instructed IANS thatAthe platform is at a section of fast progress because it steers digital inclusion for native language audio system.
“We not too long ago attained a serious 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 power of 350+ folks robust,” 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 recognize the expertise and contributions of every of our associates,” the spokesperson added.
Launched in March 2020, Koo is at present out there 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 folks from throughout the spectrum.
In February this yr, Koo raised almost $10 million in two totally different trances from a number of traders.
The traders included Capsier Enterprise Associate, Ravi Modi Household Belief, Ashneer Grover, FBC Enterprise Companions, Adventz Finance and so forth, based on regulatory filings.
Final yr, Koo raised its Collection B funding from Tiger International, Accel Companions, and Blume Ventures.
(Solely the headline and movie of this report might have been reworked by the Enterprise Normal workers; the remainder of the content material is auto-generated from a syndicated feed.)