India’s Koo raises $30 million in funding round led by Tiger Global

Koo has raised $30 million in Series B funding led by US-based investment firm Tiger Global, said the Indian social media firm on Wednesday, gaining finances as its international rival Twitter is asked to comply with New Delhi’s new rules on privacy.

The fresh round of funding will be utilised mainly to strengthen engineering, product and community efforts across all Indian languages at Koo, said the company in a statement.

The investment round was led by Tiger Global with the existing investors Accel Partners, Kalaari Capital, 3one4 Capital, Blume Ventures and Dream Incubator also participating in the round. IIFL and Mirae Assets are other new investors who have come on board the cap table with this round.