Print Friendly, PDF & Email

Zombie Start-ups

Source: IE

Context: Koo, the Indian social media platform created to rival Twitter, is shutting down due to unsuccessful deals with larger companies and media houses.

  • Launched in 2020, Koo gained popularity during a conflict between the Indian government and Twitter.
  • Koo offered features similar to Twitter, supported multiple Indian languages, and attracted prominent users, including politicians and celebrities.
  • However, the company faced increasing losses, declining active users, and weak global sentiment, leading to the layoff of around 30% of its workforce in 2023.

About Zombie Start-ups:

 

“Zombie start-ups” refer to companies that, while technically still in operation, are struggling to grow, innovate, or generate significant revenue.

These businesses are often stuck in a state of stagnation, unable to attract further investment or reach profitability, yet they continue to exist due to prior funding or minimal operational costs.

Zombie Company
Zombie Company