The Micro-Blog Company, Koo has laid off nearly 40 employees. The company is realigning its workforce for the current business requirements.
The current layoffs will be impacting the operations and backend teams mainly from the Delhi and Northern Region locations.
However, the company will continue to “recruit talent especially as far as engineering and machine learning teams are concerned”.
“Our workforce is streamlined to ensure it is aligned to the current business requirements. As a people-first company, we appreciate the talent and contributions of each of our associates,” the spokesperson added.
Koo CEO Aprameya Radhakrishna is currently seeking a fresh round of funding. The spokesperson said, “We recently attained a major milestone of 45 million downloads, growing 10x in the last 2 months.”
“The growth that we are witnessing in our business is reflected in our employee strength of 350+ people strong,” said the spokesperson.
Koo was launched in March 2020 as a desi vernacular alternative to the worldwide microblogging site Twitter. It is currently available in 10 languages Hindi, Marathi, Gujarati, Punjabi, Kannada, Tamil, Telugu, Assamese, Bengali, and English. The company aims to reach the 100 million-download mark.
In February this year, Koo raised nearly $10 million in two different trances from multiple investors. The investors included Capsier Venture Partner, Ravi Modi Family Trust, Ashneer Grover, FBC Venture Partners, Adventz Finance, etc, according to regulatory filings.
