Koo halts salary payments amid financial woes, seeks strategic partners

Koo, the homegrown microblogging platform once seen as a competitor to X (formerly Twitter), has announced halting salary payments for April as it grapples with financial constraints.

Koo announced the decision in a Zoom call with employees early April, sparking surprise and concern as it had allegedly not communicated such a plan earlier.

While addressing the salary payment issue, Koo stated that it is “actively engaged” in discussions with potential strategic partners to infuse fresh capital into the platform. However, delays in finalising partnerships have led to salary payments being interrupted. The company has assured employees that once partnerships materialise and fresh funds are arranged, salary payments will resume.