Koo's valuation crossed $100 million with the new funding, says the company.
India's microblogging website Koo has raised $ 30 million in Series B funding sponsored by Tiger Global. Investors present Accel Partners, Kalaari Capital, Blume Ventures and Dream Incubator also participated in this cycle.
IIFL and Mirae Assets are some of the new investors who have entered the cap table this round.
Koo's estimate exceeds $ 100 million in new currency: up from $ 25 million in February. In March, A-listers starters like BookMyShow founder Ashish Hemrajani, Udaan founder Sujeet Kumar, Flipkart chief executive Kalyan Krishnamurthy, Zerodha founder Nikhil Kamat bought the Shunwei Capital stake from the company. This allowed Shunwei, China's only investor, to withdraw from Bombinate Technologies, Koo's parent company.
Koo said he would use the new financial round to strengthen engineering, product and community efforts in Indian languages.
“We have ambitious plans to grow into one of the world's largest social media platforms in the next few years. Everyone in India is happy to be there soon. Tiger Global is the right partner on the board to achieve this dream, ”said Aprameya Radhakrishna, Co-Founder and CEO of Koo.
Tiger Global this year led financial rounds at Cred, Innovaccer, Infra.Market, Groww, ShareChat and Gupshup, helping Indian companies become unicorns.
IIFL and Mirae Assets are some of the new investors who have entered the cap table this round.
Koo's estimate exceeds $ 100 million in new currency: up from $ 25 million in February. In March, A-listers starters like BookMyShow founder Ashish Hemrajani, Udaan founder Sujeet Kumar, Flipkart chief executive Kalyan Krishnamurthy, Zerodha founder Nikhil Kamat bought the Shunwei Capital stake from the company. This allowed Shunwei, China's only investor, to withdraw from Bombinate Technologies, Koo's parent company.
Koo said he would use the new financial round to strengthen engineering, product and community efforts in Indian languages.
“We have ambitious plans to grow into one of the world's largest social media platforms in the next few years. Everyone in India is happy to be there soon. Tiger Global is the right partner on the board to achieve this dream, ”said Aprameya Radhakrishna, Co-Founder and CEO of Koo.
Tiger Global this year led financial rounds at Cred, Innovaccer, Infra.Market, Groww, ShareChat and Gupshup, helping Indian companies become unicorns.
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