India’s microblogging platform Koo has just announced a new round of funding to boost the growth of its platform. The company has raised $4.1 million in Series A funding from existing investors Accel, Kalaari Capital, Blume Ventures, and Dream Incubator, and participation from new investor 3one4 Capital.
The app was launched last year in 2020 and has already managed to get close to 3 million downloads on Android and iOS within 10 months of launch. The company boasts 1 million active users. Koo also won the Aatmanirbhar App Challenge by the Indian government.
“Existing microblogging platforms have not been able to grow beyond the English-speaking population. Koo enables free expression of thoughts and opinions for every Indian irrespective of the language preference. Koo will amplify the daily voices of India on an Indian platform,” said chief executive Radhakrishna.
The social network already has some notable personalities including cricketer Anil Kumble, actor Ashish Vidyarthi, and Karnataka Chief Minister BS Yediyurappa.
The fresh funding will be used to expand the technical capabilities of the platform and promote it to attract new users.
