Koo, India’s own microblogging app, has raised $30 million in Series B funding, led by Tiger Global along with existing investors Accel Partners, Kalaari Capital, Blume Ventures and Dream Incubator.
IIFL and Mirae Assets are other new investors who have come on board the cap table with this round.
Koo is a microblogging site for opinions voiced in Indian languages. It has garnered nearly 6 million downloads in just a year of operations with an impressive community posting content every day.
Koo was founded by serial entrepreneurs Aprameya Radhakrishna, founder of Taxi For Sure and Mayank Bidawatka who previously founded companies like Media Ant and Goodbox.
Aprameya Radhakrishna, co-founder and CEO of Koo, said, “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. Tiger Global is the right partner to have on board to realize this dream. “
The fresh round of funding will be utilized mainly to strengthen engineering, product and community efforts across all Indian languages at Koo, the company said.
