Social media platform Koo, backed by tiger global Gets $10 Mn funding from over 20 Investors
- ByStartupStory | February 25, 2022
Social media platform Koo has raised over $10 million in two parts including investors like Ashneer Grover Caspier Venture Partners, Ravi Modi Family Trust and others.
In the first part, in January, the startup allocated 3,389 Series B2 CCPS for INR 28 Cr to seven investors which included Bharatpe’s Ashneer Grover, FBC Venture Partners, Yulubike’s Hemant Gupta and Adventz Finance Private Limited.
In the second part, the startup allocated a total of 6,142 Series B2 CCPS to 16 investors. This came out to be the spark of Koo’s Series C funding round.
Koo is a social media microblogging site with fewer restrictions. It was founded by co-founders of vocal( Aprameya Radhakrishna and Mayank Bidawatk ) in March 2020. It was launched as India’s social media platform.
After Twitter get slammed by the central government for Republic Day violence last year. Koo became an instant favorite among ministers, celebrities and renowned journalists. This dispute between twitter and the government made more users to join Koo.
Over 15 million people use Koo. The company had previously raised funds $30M in its Series B round led by Tiger Global involving Accel Partners, Blume Ventures, Mirae Assets, Kalaari Capital, Dream Incubator and IIFL.
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