Koo needs funds, strategic tie-up to scale operations: Cofounder Mayank Bidawatka

Home-grown microblogging platform Koo is looking to raise funds or tie up with a strategic partner to scale operations, in a funding environment that has turned extremely tough for startups, cofounder Mayank Bidawatka said on Friday.

Koo was touted as an alternative to X, formerly Twitter, after the American microblogging site announced its subscription plan where users are charged for a verified blue tick. There has been speculation of Koo's acquisition in the last few weeks, but Bidawatka requested people not to speculate further. "The next phase for Koo is to build scale and that will happen with either funding or through a strategic partnership with someone who already has scale," he said. With a platform that is scale ready, Koo can outshine competitors with the right push on growth, he claimed.