Dailyhunt, a $5B media startup, is reportedly in advanced stages of acquiring local-language social network Koo, a potential Twitter rival, via a share-swap agreement.
Media startup Dailyhunt, valued at $5B, is reportedly in advanced stages of acquiring Bengaluru-based social network Koo, seen as a Twitter rival supporting multiple local languages. A share-swap agreement could be finalized within weeks. Koo has investors including Tiger Global and Accel, while VerSe Innovation, Dailyhunt's parent company, has raised funds from Canada Pension Plan Investment Board and Sofina Group.
February 28, 2024
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