Koo, India’s homegrown microblogging app, has raised $ 30 million in Series B funding with US firm Tiger Global as lead investor. Tiger Global has led the round with existing investors Accel Partners, Kalaari Capital, Blume Ventures, and Dream Incubator. IIFL and Mirae Assets are other new investors, who participated in the funding round.
Koo is a microblogging site for opinions voiced in vernacular Indian languages. Since its inception in March 2020, it has garnered nearly 6 million downloads , with an impressive community posting content every day. Koo is available in multiple Indian languages, people from across different regions in India can express themselves in their mother tongue.
Some of the big names endorsing Koo 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.
New Investment strengthens expansion plans
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 investment will be utilized mainly to strengthen engineering, product, and community efforts across all Indian languages at Koo.