Koo Raises 30 Million USD In Investments, CEO Says We Have Big Plans
New Delhi, 26th May 2021: Koo, an Indian micro-blogging site has raised 30 million USD in investments from Series B funding led by New York-based investment firm Tiger Global. Along with Tiger Global, Excel Partners, Kalaari Capital, Bloom Ventures, IIFL, Mirae Assets, and Dream Incubator took part in this funding.
Koo co-founder and CEO Aprameya Radhakrishna stated that we have plans to become one of the world’s leading social media platforms in the years to come. He added that Tiger Global is the right partner to make this dream come true.
The Koo app was launched in March last year. In this app, people from different locations can express themselves using their mother tongue. In a country where only 10 per cent speak English, a social media platform needs to provide Indian users with an engaging language experience and help them connect.
The Koo app has now been downloaded by over 6 million users. This app has got a good rating of 4.5 Google Play Store. The app is currently being used by many known personalities such as veteran Bollywood actors Anupam Kher, Kangana Ranaut, Union Ministers Ravishankar Prasad, Piyush Goyal and Smriti Irani, senior Congress leaders Kamal Nath, JDS supremo and former Prime Minister Deve Gowda, NCP’s Supriya Sule etc. Many sports celebrities including Saina Nehwal, Bhaichung Bhutia, Javagal Srinath, Mary Kom, Deepak Hooda are also on the platform.
