Homegrown social media platform Koo is in discussions with several investors to raise more funds to fuel further growth and expansion, The Economic Times.
Founded by Aprameya Radhakrishna, the Twitter rival had in the bygone February raised $4.1 million from a clutch of notable investors like Accel Partners, Kalaari Capital, Blume Ventures, Dream Incubator, and 3one4 Capital. So far, the platform has raised a total of $10 million in total.
As per Radhakrishna, the company will likely close the new round of investment in three to four months. Though the quantum of investment being sought by the company is not known so far, as per Radhakrishna, the platform would want to raise more than what it had raised in the last round.
Radhakrishna also emphasised, “Koo is a social media platform, which needs to be built over the next decade or so. We will have stages of raising money and different amounts at different stages based on our performance.”
Having seen a spurt in adoption over the recent months, Koo has seen its user base surge to about six million.