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India’s Twitter Alternative Koo Receives Investments From Silicon Valley Investors Naval Ravikant And Balaji Srinivasan
Koo app
Made-In-India micro-blogging platform Koo has received investments from Silicon Valley Investors Naval Ravikant and Balaji Srinivasan.
Ravikant, who was an early investor in Twitter and Clubhouse, and Balaji Srinivasan, invested in the company last month.
In addition, investment giant Tiger Global is in talks to lead its next round, at a valuation of over $100 million, reports Moneycontrol.
“We are constantly in touch with various financial investors who are interested in partnering with our vision. We do not want to comment on any speculation,” said Koo co-founder and CEO Aprameya Radhakrishnan.
"There is space for a neutral or right leaning social media network. People want to sometimes have simple interactions within their own circles and echo chambers. Koo can provide that. And the founders have shown the ability to build, so investors will always be interested," said an investor tracking the company.
Recently a team of investors which includes former Indian Cricketer Javagal Srinath have bought out the stake of Chinese venture capital firm Shunwei Capital in Koo.
Shunwei, decided to give up its 9 per cent minority stake in Koo's parent company Bombinate Technologies, amid criticism of a Chinese stake in which has been dubbed as a homegrown rival to Twitter. It has now fully exited the company.
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