Dailyhunt in talks to acquire social network Koo

Reports speculate that media startup Dailyhunt is in advanced stages of talks to acquire the Bengaluru-headquartered social network Koo. Dailyhunt was last valued at $5 billion.

The potential deal under discussion involves a share-swap agreement and could be finalised within weeks.

This speculated deal comes on the heels of Koo seeking new capital throughout last year. The social network is available in India and Brazil.

Koo’s co-founder, Mayank Bidawatka, shed some hints on this in a LinkedIn post, stating, “As everyone knows, the startup ecosystem globally has witnessed a funding crunch without which Koo would have been on its way to rapid international market expansion. Once again, we request our friends in the media to be patient so that the right information can be shared at the right time.”

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