KOO Raises Funding $30M, Investment Led by Tiger Global
- ByStartupStory | May 26, 2021
KOO raises funding $30 million Series B funding led by Tiger Global. Existing investors including Kalaari Capital, Accel Partners, Blume Ventures, and Dream Incubator also invested in the round. The other new investors are IIFL and Mirae Assets.
“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,” Aprameya Radhakrishna, Co-founder and CEO of Koo, said regarding KOO raises funding.
KOO raises funding to mainly utilise in strengthening engineering, product and community efforts across all Indian languages at Koo.
Billed as India’s alternative to Twitter, the Koo app won second place in the Aatmanirbhar App Challenge announced by the Indian government last year. It was also named Google PlayStore’s Best Daily Essential App for 2020, and got a special mention by Prime Minister Narendra Modi in his Mann Ki Baat address.
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