After achieving a milestone in India, the company wants to launch the koo app in markets like Indonesia, Malaysia and the Philippines.
Koo App
Indian microblogging platform Koo has gained a lot of popularity since the Indian government’s tweet with Twitter in February and has so far received over 5.5 million downloads. Now the company is planning to acquire 100 million users in the next 18 months.
According to the company’s founder, after gaining 100 million users, they will start monetizing the app and will take it to other markets as well. Aramay Radhakrishnan, CEO and Founder of Koo and Vokal said, “We are not focusing on monetizing right now and will increase the user base to a certain extent, then we will focus on advertising, branding and virtual gifting.”
Radhakrishnan wants to take this app to markets like Indonesia, Malaysia and the Philippines after achieving a milestone in India. Koo is generally considered to be Twitter’s alternative but Radhakrishnan believes that Koo will exist with Twitter rather than being a competitor.
Koo will be available in more than a dozen languages by next year
Koo is constantly making its app available in more languages. This app is currently available in 8 languages including Kannada, Tamil, Telugu and Marathi etc. Apart from this, the company is planning to make it available in more than a dozen languages in the next one year.
The company is also planning to increase investment
According to the news of Business Standard, as the company is growing, it is constantly raising funds from investors. According to reports, Koo Founders has held talks with private equity player Tiger Global to raise about $ 30 million. When Radhakrishnan was asked about this, he said that he is constantly talking to people for funding the next round.
Let us tell you that in this company, Chinese investors whose shares have been bought by A-listers like Book My Show founder Ashish Hemrajani, Udaan’s co-founder Sujit Kumar, Flipkart CEO Kalyan Krishnamurthy and Zerodha’s founder Nikhil Kamat.
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