BENGALURU: Koo, India’s own microblogging program, has raised $30 million in Series B financing. Tiger Global has led to the investment round with existing investors Accel Partners, Kalaari Capital, Blume Ventures and Fantasy Incubator also participating in the round,” it said in an announcement on Wednesday. IIFL and Mirae Assets are several other new investors,” it stated. Koo, set up as a”microblogging website for remarks uttered in languages”, stated it’s garnered almost half million downloads in only a couple of surgeries having an”remarkable” community submitting articles daily. Koo was set by serial entrepreneurs Aprameya Radhakrishna, creator of”Rentals For Sure” and Mayank Bidawatka who formerly established companies such as Media Ant and Goodbox. Radhakrishna explained:”We have aggressive plans to develop into one of the world’s biggest social networking platforms within the upcoming few decades. Each Indian is cheering to us to arrive shortly. Tiger Global is the perfect partner to get on board realise this dream” The new round of financing would be utilized mostly to bolster engineering, merchandise and community campaigns across all of Indian languages in Koo, the announcement added.
Koo Increases $30 million Series B investment Directed by Tiger Global
