Microblogging App Koo Raises $4 Million from Clutch of Investors Led by Mohandas Pai's 3one4 Capital

Microblogging application Koo has raised $4 million (around Rs 30 crore) in a Series A funding round. 3one4 Capital, Infosys veteran Mohandas Pai’searly-stage venture firm is the newest addition to Koo’s capitalisation table in this fundraise. The round also saw participation fromAccel, Kalaari Capital, Blume Ventures, and Dream Incubator. A statement mentioned that the fresh capital will be used to ramp up the app’s capabilities in terms of solving uniquely Indian engineering challenges, and for marketing to increase awareness about the app.

Founded early in 2020, Koo app fosters the participation of local Indian languages on the Internet. With a majority of India not being familiar with the English language, which is the primary medium of conversation on the Internet, Koo believes there exists huge opportunity in the segment.

AprameyaRadhakrishna, Co-founder & CEO, Koo, said in a statement, “Existing microblogging platforms have not been able to grow beyond the English-speaking population. Koo enables free expression of thoughts and opinions for every Indian irrespective of the language preference. Koo will amplify the daily voices of India on an Indian platform.”

Koo app currently supports various regional Indian languages including Hindi, Assemese, Bengali, Gujrati, Kannada, Malayalam, odia, Punjabi, Tamil among others.

Speaking about the investment, AnuragRamdasan, 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 contextualised 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.”