Koo, Twitter’s rival in India, fires 30% staff on funding crunch

NEW DELHI: Koo, a Twitter Inc rival in India, has fired almost a third of its employees in recent months as the firm struggles with losses and an inability to raise funds.

The three-year-old microblogging app dismissed 30% of its about 260 workers as the “global sentiment right now is more focused on efficiency than growth and businesses need to work toward proving unit economics,” a spokesperson for the company, backed by Tiger Global, said in a reply to queries by Bloomberg News.