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Shutdown · Consumer Internet & Media

PicSee shuts down less than a year after launch

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Date
Company
PicSee
What it does
AI-powered photo-sharing app
Kind
Shutdown
Amount
$4.25 million
Stage
seed
Sector
Consumer Internet & Media

What they do

PicSee is an AI-powered photo-sharing app that uses facial recognition to identify friends in galleries

What happened

It shut down less than a year after launch, and founder Mayank Bidawatka will return about 65% of the $4.25 million seed funding to investors

Why it matters

The closure comes two years after Bidawatka wound down Koo, his previous startup that raised $70 million

The details

  • PicSee, an AI-powered photo-sharing app, shut down less than a year after its launch in October 2025.
  • Founder Mayank Bidawatka announced the shutdown on LinkedIn, citing failure to achieve product-market fit.
  • The app failed to convince friends and family to join and did not gain network effects.
  • The team tried multiple experiments that mostly did not scale.
  • Bidawatka will return around 65% of the capital raised to investors.
  • The founders chose to return the remaining capital instead of pivoting the business.
  • PicSee was built under Billion Hearts, a venture studio.

The bigger picture

  • The closure comes two years after Bidawatka wound down Koo, his previous startup.
  • Koo shut operations in July 2024 after failing to secure funding or an acquirer.
  • Koo raised $70 million in total but had a net loss of Rs 31.1 crore on revenue of Rs 3.1 crore in FY25.

About the business

  • PicSee is an AI-powered photo-sharing app.
  • It uses AI and facial recognition to identify friends in users' photo galleries.
  • Users can exchange photos after mutual consent.
  • The app aimed to solve the problem of sharing photos among friends and family.

The deal

Type
shutdown

Investors

  • General Catalyst (participated) — A venture capital firm.
  • Athera Venture Partners (participated) — A venture capital firm.
  • Blume Ventures (participated) — A venture capital firm.

Founders

  • Mayank Bidawatka, founder
  • Sarthak Gupta, cofounder

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