Dailyhunt in talks to acquire social network startup Koo скачать в хорошем качестве

Dailyhunt in talks to acquire social network startup Koo

Media startup Dailyhunt is reportedly in advanced discussions to acquire Bengaluru-based social network Koo, sources familiar with the matter revealed. The potential deal, said to involve a share-swap agreement, could be finalized in the coming weeks. Koo, often touted as a contender to Twitter, has been actively seeking new capital and is banking on its support for multiple local languages to attract a broader user base in India and Brazil. Co-founder Mayank Bidawatka previously indicated the startup's search for a strategic partner to bolster its growth trajectory, following significant investments from firms like Tiger Global and Accel. Dailyhunt, valued at $5 billion, and Koo declined to comment on the discussions. VerSe Innovation, Dailyhunt's parent company, boasts a user base exceeding 300 million in India through platforms like its news aggregator Dailyhunt and short-video app Josh, having secured substantial funding in April 2022 from prominent investors. Keywords: Koo, Dailyhunt, Social Network, Mayank Bidawatka, Dailyhunt's, Investors, Investor