Koo, a microblogging platform in India, has raised around $10 million (Rs 79 crore) in two tranches from a clutch of investors including Caspier Venture Partner, Ashneer Grover and Ravi Modi Family Trust, as per regulatory filings, according to ETtech report.
As part of the first tranche, which was executed in January, the company said it has allotted 3,389 Series B2 compulsory convertible preference shares (CCPS) to seven investors for Rs 28 crore, documents accessed by ET show.
Other Investors that participated in the round include FBC Venture Partners, Yulubike’s Hemant Gupta, and Adventz Finance Private Limited.
Koo (formerly known as Ku Koo Ku) is an Indian microblogging and social networking service, based in Bengaluru, Karnataka, India. The microblogging site was co-founded by entrepreneurs Aprameya Radhakrishna and Mayank Bidwatka.
