Funding Alert

Twitter Rival Koo To Raise Funding Soon

• ByStartupStory     |    May 15, 2021

Twitter Rival Koo to raise Funding and hopes to close a deal in the next three to four months, Koo Co-founder Aprameya Radhakrishna said. Koo, which has about 60 lakh users on its platform, Koo to raise funding and sees a lot of headroom for growth and is investing in expanding its infrastructure and strengthening its headcount.

“We raised some money in January and we are in talks with folks who are quite interested to invest money. Talks are on, we will see what works out,” Radhakrishna told PTI.

In February 2021, Koo to raise funding, received $4.1 million in Series A funding from Accel, Kalaari Capital, Blume Ventures, Dream Incubator, and 3one4 Capital. In all, it has raised about $10 million in total funding through multiple tranches. Kooto raise funding “more than what was raised in the last round”, which has seen a massive surge in user base in the country over the past few months. “Koo is a social media platform, which needs to be built over the next decade or so. We will have stages of raising money and different amounts at different stages based on our performance,” Radhakrishna said regarding Koo to raise funding. Koo had unveiled its new logo on Thursday. The new logo is a continuation of the yellow bird but with a fresh new look.

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