This new round of funding will be used primarily to strengthen engineering, product and community efforts in all Indian languages at Koo.
In India, Twitter rival Ku has raised $ 30 million (about Rs 218 crore) through Series B funding under the leadership of Tiger Global. Koo said in a statement that current investors Excel Partners, Kalari Capital, Bloom Ventures and Dream Incubator also participated in the latest round of funding. Apart from this, IIFL and Mirae Assets have emerged as new investors.
Please tell that Ku is a microblogging site on which you can express opinions in Indian languages. On this platform, Bollywood veteran Anupam Kher, Kangana Ranaut, Union ministers Ravi Shankar Prasad, Piyush Goyal and Smriti Irani, senior Congress leaders Kamal Nath, JDS supremo and former Prime Minister Deve Gowda, NCP’s Supriya Sule, Bhim Army’s Chandrashekhar Azad, Upendra Kushwaha from JDU, Rajendra Pal Gautam from AAP, Saina Nehwal, Bhaichung Bhutia, Javagal Srinath, Mary Kom, Deepak Hooda and many other sports personalities have also created accounts.
Aramay Radhakrishna, Co-Founder and CEO of Koo said, “We have an aggressive plan to grow into one of the largest social media platforms in the world in the next few years. Every Indian is encouraging us to get there soon. Tiger Global is the right partner to make this dream come true. ”
This new round of funding will be used primarily to strengthen engineering, product and community efforts in Ku in all Indian languages.
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