Koo India raises over $6M led by Tiger Global Management, Accel Partners

• ByStartupStory     |    November 25, 2022

Koo App, the application for the Indian social media platform Koo has raised Rs 51.08 crore or $6.3 million in its latest financing round which was co-led by Tiger Global and Accel Partners. Kalaari Capital, 3one4 Capital, and Dream Incubator (DI), a Tokyo-based PE firm also participated in the financing round. The news was first reported by Entracker. In a statement, Aprameya Radhakrishna, Co-founder & CEO at Koo, said, “At Koo, we’re expanding globally and will continue to invest heavily to advance technology and product to enable the first language-based global social network. This investment is a part of a larger funding round and we will share the details publicly at an appropriate time.” 

In February 2022, Koo was able to raise around $10 million in two different portions from investors including Capsier Venture Partner, Ravi Modi Family Trust, Ashneer Grover, FBC Venture Partners, Adventz Finance, etc.

The report has mentioned that Tiger Global and Accel Partners have co-led the funding round with Rs 16.47 crore each. Kalaari Capital and 3one4 Capital have both invested Rs 8.24 crore along with Dream Incubator, who invested Rs 1.65 crore. The Koo platform was founded in 2020 by Aprameya Radhakrishna and Mayank Bidawatka, Koo App was launched as a microblogging platform for Indian languages. The driving force behind Koo was to create a micro-blogging platform in any language of their choice. 

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