The fresh round of funding will be utilized mainly to strengthen engineering, product, and community efforts across all Indian languages at Koo.
Koo, India’s very own microblogging app, has raised $30 million in Series B funding. Tiger Global has led the investment round with existing investors Accel Partners, Kalaari Capital, Blume Ventures, and Dream Incubator also participating in the round. IIFL and Mirae Assets are other new investors who have come on board the cap table with this round.
Koo is a microblogging site for opinions voiced in Indian languages. It has garnered nearly 6 million downloads in just a year of operations with an impressive community posting content every day. Some of the big names include Bollywood biggies Anupam Kher, Kangna Ranaut, Union ministers Ravi Shankar Prasad, Piyush Goyal and Smriti Irani, a senior leader of Congress Kamal Nath, JDS supremo and former Prime Minister Deve Gowda, Supriya Sule of the NCP, Chandrashekhar Aazad of Bhim Army, Upendra Khushwaha from JDU, Rajendra pal Gautham from AAP, sports celebrities including Saina Nehwal, Bhaichung Bhutia, Javagal Srinath, Mary Kom, Deepak Hooda amongst many others.
Koo was founded by serial entrepreneurs Aprameya Radhakrishna, founder of Taxi For Sure and Mayank Bidawatka who previously founded companies like Media Ant and Goodbox.
Aprameya Radhakrishna, Co-Founder, and CEO of Koo, 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 onboard to realize this dream. “
The fresh round of funding will be utilized mainly to strengthen engineering, product, and community efforts across all Indian languages at Koo.
Koo was founded in March 2020, as a micro-blogging platform in Indian languages. Available in multiple Indian languages, people from across different regions in India can express themselves in their mother tongue. In a country where just 10% of India speaks English, there’s a deep need for a social media platform that can deliver immersive language experiences to Indian users and help them connect with each other. Koo provides a stage to the voices of Indians who prefer Indian languages.
Source: Business World
