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.
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