India-based microblogging app Koo has raised $4.5 million as part of its Series A funding round from 3one4 capital.
The round also saw the participation of Accel Partners, Kalaari Capital, Dream Incubator, and Blume Ventures.
“The company will use the fresh round funds to ramp up capabilities to solve uniquely Indian engineering challenges and for marketing to increase awareness about the app,” Koo said in its statement.
Speaking on the investment, Anurag Ramdasan, Principal, 3one4 Capital, said, “Koo is a very valuable and powerful platform in the Indian context. Social platforms focused on India need to be highly contextualized to the audience here beyond languages and must include community, moderation, and content relevance.”
“Both Aprameya and Mayank are proven entrepreneurs and have built large internet businesses before. We are happy to partner with them to make this atmanirbhar vision become a reality and to build sustainable and socially relevant platforms,” Anurag added.
Commenting on the fundraise, Koo, Co-founder & CEO, Aprameya Radhakrishna said, “Existing microblogging platforms have not been able to grow beyond the English-speaking population. Koo enables the free expression of thoughts and opinions for every Indian, irrespective of language preference. Koo will amplify the daily voices of India on an Indian platform.”
