Koo, a Twitter Inc. rival in India, has fired virtually a 3rd of its workers in latest months because the agency struggles with losses and an lack of ability to boost funds.

The three-year-old microblogging app dismissed 30% of its about 260 staff because the “global sentiment right now is more focused on efficiency than growth and businesses need to work toward proving unit economics,” a spokesperson for the corporate, backed by Tiger Global, mentioned in a reply to queries by Bloomberg News.