The Ledger

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Opinion
Radhakrishna: ShareChat serves bottom-of-pyramid users, limiting monetization
“In a share chat kind of environment, I think the language speakers who are at the bottom of the pyramid are on share chat, right? At least our learning has been that the more top of the pyramid you are, the more you monetize, right? The more bottom of the pyra…”
Aprameya Radhakrishna Apr 3, 2023 ▶ 12:34 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Opinion
Radhakrishna: The world would not care if Flipkart or BYJU'S vanished
“In the grand scheme of things, if these two companies didn't exist, the world would still go on, right? That's our best, you know, most valued startups, and the world doesn't even care whether they exist or not. Apart from the shareholders of those companies, …”
Aprameya Radhakrishna Apr 3, 2023 ▶ 38:23 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Opinion
Radhakrishna: A content company solely in India cannot make billions
“It's not like you're gonna make billions of dollars doing a content company in India.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 13:49 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Prediction Didn’t hold up
Radhakrishna: Koo will be more profitable than any Indian social platform
“So I think all of these reasons put together, these have come together now and kind of like, you know, answered why we exist and why we will be more profitable than any other platform that has started off from India.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 14:53 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Opinion
Radhakrishna: Musk's monetization strategy retreats Twitter to the US top 1%
“The more Elon Musk Goes into monetization. He's retreating back to US. In the US also he's retreating back to the top one percent.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 24:15 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Prediction Not checkable as stated
Radhakrishna: 99% of Indian users will never pay Twitter for verification
“For countries like India, Where even the top one percent will think twice about paying Twitter that money. The rest of the 99% will never pay.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 24:55 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Prediction Not checkable as stated
Radhakrishna: Musk's strategy at Twitter is great for Koo globally
“Every move that Elon is taking might be good for the US and the US business, but for the rest of the world, I think it's great for coup.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 25:06 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Prediction Not checkable as stated
Radhakrishna: UPI will disrupt Visa and Mastercard internationally
“So fintech, like UPI and, you know, everything else that India has developed, I think is amazing. We're already integrating with the Singapore and Middle East, and so I think that is a welcome change. It will disrupt Visa, MasterCard, you know, all of these.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 45:04 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Opinion
Radhakrishna: India is one of very few nations capable of building domestic social media
“The ability for a country to be able to run its own social media is very important. There are very few countries that can build their own social media. India is one of them, right?”
Aprameya Radhakrishna Apr 3, 2023 ▶ 6:27 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Prediction Not checkable as stated
Radhakrishna: The US will allow Koo because India allows Twitter
“Because we allow Twitter to operate in India. US will allow coup to operate in US as well as long as the users love it.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 7:10 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Assertion Not checkable as stated
Radhakrishna: Koo earns more per active user than most Indian platforms
“When we've started monetizing, we've already seen that in four months, We make more money per active user than most other platforms that have started in India, right?”
Aprameya Radhakrishna Apr 3, 2023 ▶ 9:08 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Prediction Not checkable as stated
Radhakrishna: Koo's model will work identically across international markets
“Like the model in India will work in Brazil or Germany or Indonesia, you know, all the same. You just need to go and build the networks independently.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 14:00 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
What-if
Aprameya: TaxiForSure could have become India's consolidated super-app
“We should have, as in we were the first ones to do hyperlocal stuff, right? So we could have done a Dunzo, we could have done a Swiggy, we could have done all the groceries, delivery startups, all that put into one company is valuable. Right? Like, in Southeas…”
Aprameya Radhakrishna Apr 3, 2023 ▶ 19:55 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Opinion
Radhakrishna: Swiggy offers a better user experience than Careem or Grab
“The Swiggy experience is actually better than the Kareem experience or Grab experience.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 20:48 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Assertion Not checkable as stated
Radhakrishna: Southeast Asia and Middle East are more profitable tech markets than India
“Rather than going to Southeast Asia and Middle East and everything. But those markets actually are more profitable, more, you know, there's a lot more money there to be made.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 21:05 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Disclosure
Radhakrishna: Koo filtered out hires asking what the company could do for them
“We explicitly told people who are joining us saying, don't ever ask what the company can do for you. We're not in that stage where we can answer it. If you're in the mindset where you keep asking every single moment that you're working with us, What you can do…”
Aprameya Radhakrishna Apr 3, 2023 ▶ 25:57 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Opinion
Radhakrishna: Typical MBA VCs Lack Operational Nuance for Investing
“What I would have liked is more people who have run real businesses to be VCs. Because there's a lot of nuances and nitty gritties that, you know, the typical MBA VC doesn't get. And even with 20 company experience, I think, you know, the nuances of running a …”
Aprameya Radhakrishna Apr 3, 2023 ▶ 40:40 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Assertion Not checkable as stated
Radhakrishna: 80% of Koo platform content is non-English
“We're the largest language open network in the country where user generated content happens. You know, 80% of our platform is actually non-English.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 3:06 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Disclosure
Radhakrishna: Koo plans to offer localized social media as a global service
“We actually want to take and give social media as a service almost to Germany, France, Mexico, Indonesia, Japan. So all of these countries should have an option to run a localized social media according to their definitions of freedom of speech, their definiti…”
Aprameya Radhakrishna Apr 3, 2023 ▶ 4:44 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Disclosure
Radhakrishna: Koo will partner with local tycoons and localize data hosting globally
“We will actually go and say, You know, we're happy to host all your data here and actually have local partners in every country, right? Why not actually have the biggest businessman of the country, the biggest media company of the country participate in making…”
Aprameya Radhakrishna Apr 3, 2023 ▶ 7:45 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Disclosure
Radhakrishna: Koo has never paid influencers to use platform
“So we're probably the only local social media which has the biggest influencers active, and we've never paid any influencer to be on the platform, right?”
Aprameya Radhakrishna Apr 3, 2023 ▶ 9:22 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Insight
Radhakrishna: Top-tier brand awareness acquires vernacular communities for free
“You almost get to build those deeper communities for free if you become more well-known at the top.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 15:50 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Disclosure
Aprameya: TaxiForSure misread market sentiment by focusing on unit economics too early
“So I think what we didn't do is read the market Sentiment well. Like we kept talking unit economics and more conservative on our growth strategy compared to the competition.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 18:35 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Disclosure
Radhakrishna: Koo's product is ready today to enter the US market
“Like, for example, Koo, like, if we get the right set of partners to go crack US, we're ready today as a product.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 21:05 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Assertion Not checkable as stated
Radhakrishna: No Indian company exists among global consumer tech giants
“So when you say global tech, it's Google, Facebook, Twitter, you know, Microsoft, everybody else. There is no Indian name there.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 29:05 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Insight
Radhakrishna: Bangalore Won't Rival Silicon Valley Without Backing Global Problem Solvers
“Like, the more investors who take crazy bets of defining the future, the more India will be able to solve world problems. See, if you want to be a global technology destination, right, if you want Bangalore to replace SFO or Palo Alto is Palo Alto, SFO is SFO,…”
Aprameya Radhakrishna Apr 3, 2023 ▶ 41:27 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Assertion Supported
Radhakrishna: Koo has surpassed 60 million global downloads
“So we've got sixty million plus downloads across the world. We've got presence in Brazil as well. So the two main countries that have deeper presence is India and Brazil today.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 3:25 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
Disclosure
Radhakrishna: Koo has integrated ChatGPT into its platform
“Like we've integrated ChatGPT into Koo.”
Aprameya Radhakrishna Apr 3, 2023 ▶ 46:10 From TaxiForSure to Koo: The Entrepreneurial Journey of Aprameya Radhakrishna
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