VC Fund Investments
Micro-blogging social media platform Koo raises $10-M
Bengaluru-based social media platform Koo has raised over USD 10 million (INR 79 crore) in two tranches from more than a dozen investors including Caspier Venture Partner, Ravi Modi Family Trust and Ashneer Grover. Other investors include FBC Venture Partners, Yulubike's Hemant Gupta, and Adventz Finance Pvt Ltd. Founded in March 2020 by Vokal cofounders Aprameya Radhakrishna and Mayank Bidawatka, Koo, which claims over 15 million users, is social media microblogging site with limited restrictions. Koo had previously raised USD 30 million in its Series B round led by Tiger Global. The round which was announced in July last year also saw participation from Accel Partners, Kalaari Capital, Blume Ventures, Dream Incubator, IIFL, and Mirae Assets. Koo also counts investors such as Naval Ravikant, an early investor in Twitter and Clubhouse, and Balaji Srinivasan, former CTO at Coinbase. Prior to that, Koo had raised USD 4.1 million in its Series A round led by 3one4 Capital in participation from Accel Partners and Kalaari Capital.
From the Venture Intelligence PE-VC Deal Database: Between Mar-16 and May-21, Koo App raised $42.3 M from Mirae Asset Global Investments, 3ONE4 Capital, IIFL VC, Blume Ventures, Accel India, Tiger Global, Dream Incubator, Kalaari Capital, Shunwei Capital, and others.
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