Shutdown · Consumer Internet & Media
PicSee shuts down less than a year after launch
By Startup Enthusiast ·
- Date
- Company
- PicSee
- What it does
- AI-powered photo-sharing app
- Kind
- Shutdown
- Amount
- $4.25 million
- Stage
- seed
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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