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Exclusive: Koo Halts Salary Payments Amid ‘Talks With Strategic Partners’

Inc42 · 1y

Indian microblogging app Koo has reportedly stopped paying salaries to its employees due to financial constraints. Multiple employees had raised concerns about the halted salaries, and the company confirmed the development. Koo stated that it is in talks with strategic partners and has invested personal funds to meet past salaries. The company aims to continue paying salaries after securing a partnership that includes fresh capital infusion. Koo has experienced a significant reduction in headcount since 2022 and is looking to establish a sustainable revenue model. Reports suggest that Dailyhunt is in talks for a potential acquisition of Koo.