Koo has won the attention of Silicon Valley investors including Naval Ravikant and Balaji Srinivasan with its proposition of monetizing Indian language speakers. But it may need a ‘TikTok moment’ to give it a boost
April 01, 2021
8 Min Read
New York-based Tiger Global Management is in advanced discussions to lead a $25-30 million funding round in Koo, the microblogging platform that gained prominence after the Indian government’s spat with Twitter, said three people involved in the talks.
Naval Ravikant, an early investor in Twitter and Clubhouse, and crypto evangelist Balaji Srinivasan are also in discussions to back the Indian language microblogging platform. Their investments are expected to close before the Tiger Global round.
The Tiger Global investment is expected to value Koo’s parent Bombinate Technologies at $100-125 million, a 4x increase from its $27 million valuation in February when it raised money from its existing backers.