DailyHunt in talks to acquire homegrown app Koo

Mayank Bidawatka, founder, Koo, had announced in September 2023, that Koo was looking for fundraising opportunities or tie-up with a strategic partner, in order to help scale its operations.

By  Storyboard18Feb 28, 2024 12:23 PM
DailyHunt in talks to acquire homegrown app Koo
In 2o23, Koo had integrated OpenAI’s ChatGPT to help users in creation of posts. (Image source: News18)

News content aggregator DailyHunt is in advanced stages to acquire Koo, an Indian startup and a microblogging platform, which was touted as an alternative to X, formerly known as Twitter. The deal is likely to be finalised in as many as three weeks, ET stated in a report.

Mayank Bidawatka, founder, Koo, had announced in September 2023, that Koo was looking for fundraising opportunities or tie-up with a strategic partner, in order to help scale its operations.

In 2o23, Koo had integrated OpenAI’s ChatGPT to help users in creation of posts.

Dailyhunt was established in 2009 under the name Newshunt. The Bengaluru-headquartered content startup underwent a rebranding in 2015. The platform gathers content from newspapers and websites in various Indian regional languages such as Marathi, Gujarati, Tamil, and Bhojpuri, highlighted the ET report. In FY23, DailyHunt had reported a revenue of Rs 1,809 crore.

First Published on Feb 28, 2024 12:23 PM

More from Storyboard18

Quantum Brief

Viacom18 - Star India deal: NCLT admits merger scheme

Viacom18 - Star India deal: NCLT admits merger scheme

Quantum Brief

Apple News+ rolls out new game and offline mode to drive subscriptions

Apple News+ rolls out new game and offline mode to drive subscriptions

How it Works

Legal action initiated against A.R. Rahman over alleged intellectual property infringement in 'Le Musk'

Legal action initiated against A.R. Rahman over alleged intellectual property infringement in 'Le Musk'

Quantum Brief

No business impact on Patanjali Foods due to Patanjali Ayurved misleading ad controversy: Sanjeev Asthana

No business impact on Patanjali Foods due to Patanjali Ayurved misleading ad controversy: Sanjeev Asthana

Quantum Brief

NXTDigital’s broadband vertical inks strategic alliance with Delhi-based Triple Play Broadband

NXTDigital’s broadband vertical inks strategic alliance with Delhi-based Triple Play Broadband

Quantum Brief

Google launches Gemini 1.5 Flash and significant updates to other models and features

Google launches Gemini 1.5 Flash and significant updates to other models and features

Quantum Brief

OpenAI announces new flagship Gen-AI model GPT-4o

OpenAI announces new flagship Gen-AI model GPT-4o

How it Works

Disney and Warner Bros. to team up: Streaming bundle to challenge Netflix and Amazon

Disney and Warner Bros. to team up: Streaming bundle to challenge Netflix and Amazon