Twitter rival Koo has laid off at least 40 people, mostly from its operations and backend teams.
The micro-blogging platform said would be realigning its workforce to meet the current business requirements, IANS news report said.
Koo recently achieved a major milestone of 45 million downloads, growing 10x in the last two months. “The growth that we are witnessing in our business is reflected in our employee strength of 350+ people strong,” said Koo spokesperson.
Koo, which is aiming to reach the 100 million-download mark, said it continues to recruit talent for engineering and machine learning teams.
Launched in March 2020, Koo is currently available in 10 languages — Hindi, Marathi, Gujarati, Punjabi, Kannada, Tamil, Telugu, Assamese, Bengali and English.
The platform has over 45 million downloads and is actively leveraged by 7,000 high-profile people from across the spectrum.
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.
Last year, Koo raised its Series B funding from Tiger Global, Accel Partners, and Blume Ventures.