Twitter's Desi Rival Koo App Raises $30 mn In a Fresh Round Of Funding

The GOI (Government of India) and Twitter spat seems to be a blessing for the Indian version and rival of Twitter; the desi app ‘Koo’ has raised $30 mn in a fresh round of funding. 

 

IFL and Mirae Assets are other new investors who have come on board for the latest round of funding along with existing investors Accel Partners, Kalaari Capital, Blume Ventures, and Dream Incubator

 

Koo, last week, said it has complied with the requirements of the new rules, and its privacy policy, terms of use, and community guidelines now reflect the changes. 

 

Commenting on the latest round of funding Koo Co-Founder Aparmeya RadhaKrishna said that the funds will be utilized to aggressively grow Koo into one of the largest social media platforms in the world. 

 

The boost to Koo at the moment primarily stems from the spat with Twitter and the “Make in India” , “Aatma Nirbhar Bharat” post Covid-19 pandemic struck the country last year.  

 

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