“Billion Hearts is a name that represents the dreams of many people and hopefully the use of billions of users around the world for whom this startup will create beautiful digital products,” he said on Tuesday.
According to Bidawatka, the new company will be launched in a few months. It will build consumer products for global users, according to its website.
In a previous post, Bidawatka said the company has secured angel financing from several founder friends who have built major consumer tech startups in India. “We are busy talking to some well-known VCs to get seed funding,” he added. Bidawatka’s previous startup, Pussywhich was founded in 2020 together with Aprameya Radhakrishna, Closed this year after rounds of fruitless talks for a possible sale or merger with several companies, including Dailyhunt.
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“We explored partnerships with several internet companies, conglomerates and large media companies, but these conversations did not yield the result we wanted. Most of them did not want to deal with user-generated content and the wild nature of a social media company,” Radhakrishna said.
Accelerate and backed by Tiger Global Koo’s last valuation was $274 million. after raising more than $66 million from investors including 3one4 Capital.
The LinkedIn post by Koo’s founders said the prolonged funding winter “got the better of us.” “We needed five to six years of aggressive, long-term, patient capital to make this dream a reality,” they said.
Before founding Koo, Bidawatka also created companies such as Goodbox and The Media Ant.
On Tuesday, ET reported that Ayyappan R, former CEO of Flipkart-owned Cleartrip, is ready to launch a new fast-trade retail venture and is in talks with venture capital firms Accel and RTP Global to raise significant seed funding.
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