The newly launched social network platform by Orkut Büyükkökten, Hello Network Inc., is in talks to gain strategic partners in India. It is aiming to raise funds from Indian investors as the company is striving to establish itself as an alternative and more secure social media platform post the Facebook debacle.
In an interview with LiveMint, Hello Network founder and CEO Orkut Büyükkökten said, “We’re looking at strategic partners in India to help us reach our vision. It would be great for us to have strategic partners who know India so much better than we do. We’re currently in conversations (with investors) and people reached out to us.”
However, the founder pragmatically declined to reveal the names of the investors the new social media platform is in discussions with. The interview could not also throw much light over the quantum of funds Hello is looking to raise.
Orkut Büyükkökten had launched Orkut in the early 2000s after his name. The ex-Google engineer lost Orkut to Facebook due to its surging popularity until the data breach by Facebook. Post the data scam, he has launched Hello Network.
The founder is optimistic about the Indian market as India was one of the largest market for the social network Orkut. Considering the competition he is posing in the Indian market against Facebook, it is well noteworthy to remember that the social media giant already has over 250 Mn users in India and Hello Network has just been launched. Converting the Facebook users to Hello might prove to be an uphill task.
But given Facebook’s tarnished reputation across the globe, Orkut has well timed his launch of Hello.