Indian Rival to Elon Musk's X Shuts Down After Failed Merger Talks | Vantage with Palki Sharma
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- Опубликовано: 2 июл 2024
- Indian Rival to Elon Musk's X Shuts Down After Failed Merger Talks | Vantage with Palki Sharma
Indian social media app Koo, once positioned as a competitor to Twitter or X, is now shutting down after talks with multiple buyers failed to materialise over past months. This comes after the founders sought to sell the company. But after prolonged discussions, the buyout talks fell through. Launched in the year 2020 to serve the Indian market, Koo faced various challenges in securing new funding since last year, prompting it to explore mergers with various other platforms, but none of the talks fructified. Palki Sharma brings you the full story.
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India | Koo App | Social Media | Twitter | X | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#india #kooapp #shutdown #firstpost #vantageonfirstpost #palkisharma #worldnews
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
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KOO failed because its just a copy of X, they failed to introduce something new.
Stick with Weibo lol
Yes. We mostly copy
Yep, tech replica and product are different things!
It does not matter..if they copy..we failed it..accept it and don't give excuses
That's not the reason of failure..it failed boz celebraties r not on koo .. nothing can success unless actors n powerful people cme to that platform than only common people will use it
In social media, it's the leaders that win, not the followers, they should learn to lead and not follow, come with something new and lead!.
But blinkit was a follower
@@anmol500 blinkit is not social media, its a delivery app, the convience and product selection are important there, which they provide
blinkit is not a social media
it's quick commerce 🤣🤣
You are right , leaders win
@@anmol500 Blinkit is not social media, it's e-commerce, e-commerce is lead by those who can bring prices to the lowest, provide fast delivery and treat their employees the s***test
I never knew still this exists 😂😂😂
Indians don’t support their own startups they would rather be on America apps that sad .
nobody knew
No one knows about crap like KOO
@@givegreatness4407 how pathetic is it that Indian spend all day on American owned apps and don’t support there own .
@@ThelostAdult as if anybody knows you or cares about your comments. Because you are not even worthy of being called a crap.
West has dominated social media world for a long time. Still China was able to come up with Tik Tok that basically took over in a big way. The room for innovation is wide open, especially with the effects of social media on mental health. Indian entrepreneurs could definitely throw up something unique unlike Koo.
@@aviraljanveja5155 copying something is not unique
chinese protectionism.
Viber was good alternative but it failed too because of poor creativity from the management
@@mohit5496Can India do the same?
@@arbjful that's what he said
Koo shouldn't have copied Twitter's design. It should have had it's own unique look and design.
Exactly, they’re not innovative but they are good in copying and duplicating! And that’s why it failed!
Agreed
@@rumi9074 all indian services copy western design, top level execs dont want to "waste" money in design. to make it worse, our designers lack a scientific mindset so all know is to tweak design systems developed elsewhere.
on the flip side, indian users are not tech savvy, their approach towards any new design is that of discomfort. indians are forced to learn platforms that are made popular outside india, we like being followers.
India tried Hard to Copy from China..but Failed Miserably...😂😂😂😂😂
@@VanDuc-hm6sp dont put your shitty comment in every comment section
It even looks like twitter , like a knock off .
Looks like India is in its copying phase, just like China was decades ago.
that's the business philosophy of indians (asians in general). create cheap copies of the west and dismiss everything that does not come with a western stamp of approval.
The point of koo was a replacement for twitter. so what are you expecting?
Sad to know this.Thank you Palki for this news. Very happy to hear you presenting the news .Was not aware of Koo.
UPI's success stems from its originality and not being just a copy of an existing system. Human psychology tends to favor familiar experiences, so being a market pioneer is crucial. In contrast, Koo was essentially a clone of Twitter, right down to the logo, offering nothing new or uniquely tailored for Indian users. This lack of innovation and differentiation led to its failure.
Failed product not because the concept was wrong but the process was completely wrong
how ?
I have installed koo and it made me register multiple times. They need better product and service. And make revenue model. Investeor should see clear growth and revenue future.
Nobody liked it even in India
These potential investors got scared of Indian political and business environment and Indian government which has unpredictable policies towards social media apps. When they shut down TikTok which is a promising challenger to western dominance, they did not consider the profound negative impact in the long run to future investment. The government is short sighted and the business is paying the price. That’s why Koo couldn’t get buyers.
Exactly. I could've respected India if it had ban Twitter and Facebook as well.
TikTok was banned because its a Chinese app - LOT more dangerous than western apps (as per the gov). That should not have any bearing on the investment into Indian owned app
Tik tok is destroying the youths , even in many western countries know this as well. Still your poor govt can't ban tik tok.
Our govt did and we are proud of this.
Tik tok was and is super level of shtyyness
@@RachaelWill Do you know that it is legal to post pornographic materials on Twitter? Tik Tok don't allow that.
This is the devil side of venture capital, private equity and angel investor.
Can you elaborate
She had also koo account 😂😂
typical godi anchor😜
Government will come asking for tax just for thinking about anything, how will new companies survive
KOO actually wasnt a rival to ELON Musk X but to the then radical twitter which went on dictator mode.
West will dominate India😂
@@mrlg3811 yeah let’s change the narrative
@@charmaine8512 that's why India is a member of SCO Brics asean top two three trading with Russia china and usa 😂cry harder
@@charmaine8512 has, not will
@@arbjful Check the dates Koo started before even musk have idea that he is going to takeover twitter.
Very sad. Indians should ve supported this App. I downloaded as soon as it started and used it extensively. This was a prime example of Aatmanirbhar Bharat.
It was never Indian..... All investors were Chinese.
And Chinese lake has dried down. Their economy has hit the dust. Lagta hai yeh bhai uske kachh# main ghusa tha. Ise andar ki baat pata hai. 😂
In India, we prefer digital colonizations than the Indian companies like Reliance. Plus, we do not have many people in the private sector.
India's infamous Unicorn
It was never a unicorn. Infact not even 0.1% of unicorn mark
Making Kengana Renaut CEO of Koo will revive that....
Isn't she the CEO of BJP now?
nothing new. Most Indian startups fail within first 5 years.
Reason being poor management, money focused business & lack of R&D
Even 🇳🇬's government switched to koo after they had issues with twitter (the former name of x).
$60million(Rs500crore) is not small amount. Start up founder takes huge money rather than building company. Twitter founder working without salary and keeping expenses low to survive. Indian start up once they get funding then burning cash goes exponentially
Inability to get a deal with the media or corporate giants for merger and funding crunch led to the downfall of India's homegrown app.
Basic digital Infrastructure is essential (Economic)
So true. These entrepreneurs are actually strategic assets of our nation. They make a mark globally.
Palki Sharma, you must ask for funds from your boss Mota Bhi to help Koo
¡Gracias!
Which Nigeria ??? The only koo here is kukurookoo dj chicken
SUCH IS THE SHORT TERM THINKING 🤔 OF A NATION AND ITS PEOPLE, 🫣👀🧨‼️
You can aslo talk about monopoly of jio.......businessman controlling the indians and no standards to check him.......its a burning topic now....
She won’t. Firstpost is owned by Reliance.
she look stress.
was waiting for Palki to cheaply blame the US as usual for Indian failure but disappointed me
I am waiting for her to blame China as usual.
why couldn't Indian billionaires rescue koo....India like China has the numbers to have its socials..but it doesnt....but why
Expected this to happen 😂😂😂😂
Can we replicate Android owned by Google and iOS owned by Apple and windows owned by Microsoft
Big Indian business men should help Koo, foreign social media is not good for India.
Unlike twitter, there was nobody from the other side of the political spectrum to fight.
What Koo needed was twitter ban.
The product need Palki to be the ambassador, surely will be a complete success. Maybe able to replace X. It is a simple solution.
If we can fund Ram mandir then we should be able to find this app too. This will not happen though because of the wasted interests of the big domestic organisations and politicians. And, if it is run and seen as a business then it should be able to generate revenues to survive. Not sure if this is strategically placed or just a business.
But the Ram Mandir is _already_ deteriorating and leaking and they couldn't fix it. Another HUGE blunder and failure.
Koo should have pivoted to Enterprise messaging - They have the tech, they just need to repack it.
pretty sure you haven't used the app. its terrible from a performance perspective 😅
@@sudonamebegger Chinese bot 😂😂😂😂
People and their American product love!
I hate! hate! hate it.
This is sad to see, one Indian social media company shutdown deu to non user, non popular 😢.
Very sad to see
I request to government please do something 🙏
繼續徵稅。🧐
shame Indian should donate and keep it float 😢
it's better than x far far better and way more freedom oriented
pls support
Shutting down of Koo is a lost opportunity for India. Who will once again risk their time, energy and money to come out with another such app? I wonder why could they not approach Indian financiers like Reliance?
There is no privacy in Indian apps
I think Koo can think differntly on what is iffering in identical platforms . Anand Mahiindra like people can make it functional.
I think Jio and Airtel can enter into this market.
Copy cat market ?
Airtel started Hike and failed
Bhai we Indians also have to blame private players
@@azherkhan5677Hike was more of a whatsapp clone.
Its all about Money. US Big Tech has all the money.
Why am i hearing this platform for the very first time?
Investment to be considered as strategic in such areas.
UPI is inderctly promoted by government, but social media has different case, it is the public and influencers who make social media popular and moving.
The question is if China can do tiktok why can't india too? Originality is not there in the Indian platforms😆😈
The crap things never run for long!! who cares and What the hell is Koo ?
It is a pity Koo is closing down. With so many Indians around why should an Indian company going berserk
Its the idea that reaps victory, not a copy. Koo must have searched true indian talents and few western infrastructure. The idea failed.
They failed because not promoting, marketing is very imp...
Koo never improved it's quality.
Copying or reverse engineering is not an innovation…copying done in China, USA or India never will be supported
you mention 2 big apps x and facebook why not mention WeChat being chinese eastern interest. its not just America
U mean WeChat. Whatsapp isn't Chinese
@@ex0duzz yup WeChat
Koo 😂😂😂 thats how birds twit in India ? Maybe rooster 🤔
Kuckoo never heard it? 🙄😮💨
Tatas , relience, birlas or adanis should have bought this.
why? they are businessmen who know even college students can create a copy of twitter and become their competitors. its a lossy business since indians wont pay for subscription.
India tried Hard to Copy from China..but Failed Miserably...😂😂😂😂😂
And china tried hard to copy from west😂😂@@VanDuc-hm6sp
CCP bots should stick with useless weibo. 😂@@VanDuc-hm6sp
Indians Never Invest in Indian Companies.
Koi when it came never heard of it!!!
UPI is one of the best techs in the recent times, so much so, digital payments = UPI✨️
Didn’t even know what Koo was. Lack of advertisement.
Hmm. They failed to make it mainstream. One more victim.
If they build social media apps like what's app, facebook, instagram in India, it will work because through these apps we connect with ours locals and indians. But from tweeter we connect with the world.😢
India needs policies similar to China to eliminate foreign dominance in this space in national interest.
It was merely a Rival to x........it was just a knock off
And then people ask why Make in India is a joke!!
People india itself are not using Indian products
Because it's a sub standard product. Why should people buy sub standard and useless product in the name of country
you want indians to spend money on subpar products in the name of patriotism. lol
@@nashpv Even facebook is substandard product but people are using it like hell and if you start using the indian product they also get good funds to improve, you cannot expect 100% perfect in just first attempt, no one is perfect unlike you
@SRIKANTHA-we9mb Facebook is substandard? Said by whom? It's most popular social media that dethrone orkut and MySpace.
@@SRIKANTHA-we9mb FB still is a great product while this was supposed to rival twitter/X while it wasn't even half as good.
She is using YT for manipulation (godi media) 😂😂😂
She is capable...unlike general.commentators on the.wayside
They r one of the unsuccessful entrepreneurs on earth....
No surprise it was bound to happen
If India had banned X and went with Koo like China did with weibo, it could have thrived..
But if all decisions are taken by one man or a few then decisions become operational, not strategic like I see how China or even Pakistan ..
Well well there is something to be learned from China.
Twenty-five years ago, India was seen as the rising power in IT, while China was the industrial powerhouse...
Now China has become an IT powerhouse as well... while we've... regressed.
i just tried the ios app and it is not working 😢 means it is down
I understand the need for the investment for such things to better the national economy, however, I think there needs more journalism on what truly happened. I mean, I would like to know how such a highly acclaimed start-up lost cash. What were its founders and owners like? How did they manage it? How did they earn money? These questions need to be answered. You cannot expect investors to invest in something based on nationalism. It is unwise to tell Indians to invest like this. I think, though, that it is wise to tell Indians on how better to look out for companies with better prospects which usually should take a whole documentary tbh but I always go out for the Intelligent Investor by Benjamin Graham.
noob politicians.. they just want their cut plus lifelong pension
Told you..Two reasons why it failed,One,it is a copy..
Second too much tax cut from the app Store and the government
Talent yes deep pocket marketing dollars for social media platforms maybe not
Problem is not Palki....It is the Sharma and Upadhyay behind her....that deep rooted problem
Problem lies in people like you .
The government can create a fund to support such companies like Koo. Otherwise many will rise and fall.
Most of Indian app copy to others... Nothing new.
I was just wondering Did KOO approached Firstpost?🤔 in that case Firstposts stand will be the same as other media agencies?
If you are venturing into an already established and settled field then you would need a product which is unique in terms of its features you can say it has to have the x factor in it.
Like telegram did.
@@RachaelWill exactly! telegram is still better than whatsapp in terms of the features it offers.
Rather than copying some should something unique.
Modi is solely responsible for this.
He constantly promoted Twitter never KOO.
Koo was just an oppurtinistic attempt. Just look at the logo.
sad to here that
Had it been Chinese Gov, they would have baned Twitter and helped Koo raise. It's as much failure on Founders parts as it is on Government. Indian government should support home grown social media. We r 140 cr afterall.
Modi will be a proven dictator if he keeps banning foreign apps to live in his own bubble
Slowly Indian companies will collapse due to gigantic foreign companies.
remember Hike Messenger?
I still hope that KOO would be rescued 🙏
It's sab..we Indians are not using it
There are billion plus Indians (20% of World's population). They should've made KOO a success.
They didn't have brain to make it successful. Somebody with brain should've bought it.
Koo should have made their product different and innovative.
Indians will only buy something if it doesn’t have the made in india tag
Nationalism alone cannot make a product great.
Andhbhakt ruined the fate of good company.
Govt should have supported..look at CCP.. this is very BJP fails to recognise ita own good...wasted intrest in sabaka vishwas...
Firstly the app should be Indian. Not just right wing.
facebook and X are boring now...
Would only use such an app if the rest of the world is using it too, otherwise there is no point.