Microblogging platform Koo app has raised around $10 million (Rs 79 crore) in two tranches from multiple investors including Caspier Venture Partner, Ashneer Grover and Ravi Modi Family Trust, regulatory filings showed.
Koo in the month of January had allotted CCPS to the tune of Rs 28 crore in the first tranche and later followed it up with the second tranche to raise Rs 51 crore, According to the regulatory filings.
Founded by Aprameya Radhakrishna and Mayank Bidawatka, Koo App, the microblogging platform was launched in 2020 and supports multiple languages including Hindi, Telugu and Bengali, among others.
“We have seen rapid growth. We are making sure that everything that India celebrates, whether it is language or culture, is resonating on Koo… Be it the cricket, politics, movies, spiritual leaders and their following, everything is being celebrated on Koo in their (users’) languages,” Aprameya said.
Koo App will maintain its sharp focus on the Indian market, onboarding more and more users, even as it plans to venture into one new market in Southeast Asia after June 2022, According to the Aprameya Radhakrishna, Koo co-founder.
Koo is a Personal News Updates and Opinion sharing micro-blogging platform that’s made in India. Discussions are around the latest news, personal news updates and most interesting daily topics. It empowers people to express their thoughts in Indian languages with a strong knit local Indian community.
“The premise of entering any market is whether they have significant local language aspect to their community and culture. Those are the countries, that we will enter,” Aprameya said.