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Homegrown Twitter Rival Koo Dismisses 40 Employees in ‘Realignment’

The micro-blogging platform revealed on Thursday that it is realigning its workforce excellence for the ongoing business requirements.

The Indian Microblogging and Social Networking Service, Koo, has dismissed its 40 employees, reports media. The company is said to be on the verge of rapid growth, steering Digital Inclusion for native language speakers.

Homegrown Twitter rival Koo has dismissed at least 40 people, mostly from its operations and supported teams. The micro-blogging platform revealed on Thursday that it is realigning its workforce excellence for the ongoing business requirements”.

The development was initially conveyed by leading startup news portal Inc42, which exclaimed that Koo CEO Aprameya Radhakrishna is currently pursuing a fresh round of funding. A Koo spokesperson informed IANS that the platform is at a segment of a rapid boost as it steers Digital Inclusion for native language speakers.

“We have recently accomplished a huge milestone of 45 million downloads, growing in 10 multiples in the last two months. The current boom that we are witnessing in our business is reflected in our employee strength and determination of 350+ people strong,” the spokesperson said. Koo, targeting the 100 million-download mark range, believed that it continues to “Recruit Talent especially, engineering and machine learning teams are concerned”.

Koo was launched in March 2020 that expanded its language diversity to 10 languages — Hindi, Marathi, Gujarati, Punjabi, Kannada, Tamil, Telugu, Assamese, Bengali and English. As per the recent research on the platform, it has crossed 45 million downloads, being energetically leveraged by 7,000 high-profile people across the spectrum.

In February 2022, Koo raised nearly $10 million in two different dimensions from multiple investors. According to regulatory filings, the investors invested in Koo were Capsier Venture Partner, Ravi Modi Family Trust, Ashneer Grover, FBC Venture Partners, Adventz Finance etc. Last year, Koo raised its Series B funding from Tiger Global, Accel Partners, and Blume Ventures, IANS.

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