Koo Strengthens Position With Latest $30mn Funding
Koo has raised $30 million in Series B funding. Tiger Global has led the investment round with existing investors Accel Partners, Kalaari Capital, Blume Ventures and Dream Incubator also participating in the round. IIFL and Mirae Assets are other new investors who have come on board the cap table with this round.
Koo has garnered nearly 6 million downloads in just a year of operations with an impressive community posting content every day. Some of the big names include Bollywood biggies Anupam Kher, Kangna Ranaut, Union ministers Ravi Shankar Prasad, Piyush Goyal and Smriti Irani, senior leader of Congress Kamal Nath, JDS supremo and former Prime Minister Deve Gowda, amongst many others.
“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,“ said Aprameya Radhakrishna, Co-Founder and CEO of Koo.
