Media firm Dailyhunt in advanced talks to acquire India’s X alternative Koo

Industry:    9 months ago

Dailyhunt is in the advanced stages of talks to acquire social media platform Koo, according to a report by TechCrunch released on Wednesday. The deal could be finalised “within weeks” and involves a share-swap agreement.

Koo, launched in 2020, is owned by Bangalore-based Bombinate Technologies. It was co-founded by Aprameya Radhakrishna and Mayank Bidawatka and is considered by many as India’s alternative to Elon Musk’s X, formerly known as Twitter.

In September last year, Bidawatka said that the company was looking for a strategic partner. In a LinkedIn post, he wrote, “From growing rapidly to cutting down on growth and proving unit economics, within 6 months of revenue experimentation, we took a 180-degree turn and proved that this is a real business.”

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