Koo’s valuation rises five times in three months in new funding round

Bengaluru: Homegrown microblogging platform Koo, pegged as an Indian alternative to Twitter, has raised $30 million from new investors at five times its previous valuation.

The Koo app is now valued at over $100 million.

The capital infusion comes at a time when social media platforms, including the US-based Twitter, are facing increased government scrutiny over alleged non-compliance with India’s new IT rules for significant social media intermediaries. Koo has complied with the rules.