" "

'Recreating what already exists won't bring success': Ola Electric CEO Bhavish Aggarwal on Koo's closure

Jaya Vishwakarma
Updated On
New Update
Ola Electric CEO Bhavish Aggarwal on Koo's closure

As the little bird said its final goodbye, Ola Electric CEO Bhavish Aggarwal, who is also the founder of AI startup Krutrim AI, was quick to share his views on Koo's final fate.

In a recent post on X, Aggarwal wrote, "Sad to see what happened with Koo. We need Indian social platforms but recreating what already exists won’t get us there."

He added, "I believe the future of social is going to be open and based on DPI principles. But as @joinmastodon shows, that alone will not be enough."


Netizens reaction

Aggarwal's post didn't receive much support and backfired on him.

"Says someone who made a career by copying Uber/Lyft? Ironic, eh?" a user wrote.

"Sir, if the statement - 'recreating what already exists won’t get us there' - is TRUE, then how different is Krutim? Isn’t it a recreation as well?" another questioned.

"Koo built its reputation when twitter was dying. Game changed when  Elon bought twitter," a third opined.

Why did Koo shut down?

Earlier this week, CEO Aprameya Radhakrishna, along with co-founder Mayank Bidawatka, announced that Koo would be shutting down as they failed to sell or merge the platform.

The social media startup has raised more than $50 million in funding from investors, including Accel, Mega Trust, 7Square Ventures, Dream Incubator, Tiger Global Management, Kalaari Capital, and 3one4 Capital, among others.

"Our partnership talks fell through, and we will be discontinuing our service to the public," the founders said in a note.

"As of us, we are entrepreneurs at heart and you will see us back in the arena one way or another. Till then, thank you for your time, attention, good wishes and love."

"The little bird says its final goodbye," the founders added.