India’s micro-blogging app Koo has raised $30 million in new funding round led by investment firm Tiger Global. The valuation of the platform now stands at over $100 million, five times its previous valuation.
The round also saw participation from existing investors Kalaari Capital, Accel Partners, Blume Ventures as well as Dream Incubator. New investors IIFL and Mirae Assets also participated in the funding round.
Koo’s Co-Founder and CEO – Aprameya Radhakrishna said, “We have aggressive plans to grow into one of the world’s largest social media platforms in the next few years. Every Indian is cheering for us to get there soon. Tiger Global is the right partner to have on board to realise this dream.”
Founded in 2020 by Mayank Bidawatka and Aprameya Radhakrishna a, Koo allows users to connect, comment, and engage in 13 local languages – like a Twitter for Indian languages. Aprameya Radhakrishna also co-founded cab aggregator TaxiForSure, which was sold to Ola for $200 million in 2015.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.
Microblogging app Koo has raised $4.1 million in Series A funding round. Existing investors Accel, Kalaari Capital, Blume Ventures and Dream Incubator, participated in the round with new investor 3one4 Capital. The startup will utilise the fresh funding for marketing, expanding technical capabilities, and hiring. The company employs 45 people…
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…
Koo, a microblogging platform, is aiming to double its workforce in the coming one year as it scales up its customer base on the platform, according to co-founder Aprameya Radhakrishna. He added, "When folks join Koo, they bring their followers as well, we don't have too many Bollywood folks yet,…
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