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Tiger Global leads $30 mn investment in microblogging website Koo

Koo's valuation crossed $100 million with the new funding, says the company.

Koo app, social media
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Koo said it would use the fresh round of funding to strengthen engineering, product and community efforts in Indian languages.

Samreen Ahmad Bengaluru
India-made microblogging website Koo has raised $30 million in Series B funding led by Tiger Global. Existing investors Accel Partners, Kalaari Capital, Blume Ventures and Dream Incubator participated in the round as well.

IIFL and Mirae Assets are other new investors who have come on board the cap table with this round.

Koo’s valuation crossed $100 million with the new funding: up from about $25 million in February. In March, startup A-listers such as BookMyShow founder Ashish Hemrajani, Udaan co-founder Sujeet Kumar, Flipkart CEO Kalyan Krishnamurthy, Zerodha co-founder Nikhil Kamat bought Shunwei Capital’s stake in the company. This allowed Shunwei, the sole