TECH NEWS

Koo Cofounder's AI Startup PicSee Shuts Over Distribution Hurdles

Less than a year after its launch, AI-powered photo-sharing startup PicSee has shut operations after failing to achieve the scale needed for long-term growth, marking the second startup closure for Koo cofounder Mayank Bidawatka.

The startup, operated by Billion Hearts Software Technologies, was launched in October 2025 to simplify photo sharing using AI-powered face recognition. The platform enabled users to automatically find and exchange photos across their friends' devices through a reciprocal sharing model, eliminating the need to manually request pictures after events or gatherings.

Following the shutdown, the company will return nearly 65% of the approximately ₹33 crore it raised from investors, including Blume Ventures, General Catalyst, Athera Venture Partners and several angel investors.

Distribution Emerged as the Biggest Challenge

While announcing the closure, Bidawatka said the company did not struggle with user engagement as much as it struggled with scaling the product beyond early adopters.

According to him,...

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79% Indians Avoid Unknown Business Calls, Reveals Truecaller & Tata Tele Business Services Report

Truecaller, the leading global communications platform, has released ‘The State of Business Calling 2026′ report, a comprehensive study on the role of voice calls as a customer engagement channel in India. Commissioned in partnership with Tata Tele Business Services (TTBS), with Kantar as the research partner, the insights of the

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MPs tell Brit government: Sort out your tech sovereignty or get left out in the cold

ai and ml Committee says Anthropic's brief US export ban shows UK can't even trust its allies to keep the AI lights on MPs are warning the UK has no "coherent strategy" for creating sovereign capabilities across a range of technologies, including AI, space,

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TechEx Europe 2026: eight events, 8,000 tech leaders, one enterprise agenda

Most large organisations now have the AI budgets approved and the transformation roadmaps drawn up. The harder question is what actually reaches production. That gap between strategy and delivery is the organising idea behind TechEx Europe 2026, which runs on 19 and 20 October at the RAI Amsterdam and gathers

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AI only creates value when it fixes the workflow

Businesses do not lose time on agreements - or any other business process - because they lack AI tools. They lose it because the steps involved, like contract intake, review and approvals, still move through disconnected systems, inboxes and document versions. There is an opportunity to embed AI where work

Distribution Emerged as the Biggest Challenge

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79% Indians Avoid Unknown Business Calls, Reveals Truecaller & Tata Tele Business Services Report

MPs tell Brit government: Sort out your tech sovereignty or get left out in the cold

TechEx Europe 2026: eight events, 8,000 tech leaders, one enterprise agenda

AI only creates value when it fixes the workflow