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Dailyhunt in talks to acquire social network startup Koo


Media startup Dailyhunt is in advanced stages of talks to acquire the Bengaluru-headquartered social network Koo, two sources familiar with the matter Media startup Dailyhunt is in advanced stages of talks to acquire social network Koo, sources tell TechCrunch.

Media startup Dailyhunt is in advanced stages of talks to acquire the Bengaluru-headquartered social network Koo, two sources familiar with the matter told me. The social network, available in India and Brazil, is betting on the idea that its approach of supporting multiple local languages will help the eponymous app resonate broadly with the larger masses. Koo co-founder Mayank Bidawatka said in September that the startup — which has raised over $60 million from investors including Tiger Global, Accel, 3One4 Capital, Mirae Asset and Blume — was looking to find a strategic partner with a “distribution strength” for its “next phase” of journey.

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