New Delhi: Homegrown Twitter-like platform Koo has garnered over 10 lakh new customers in only one week, surpassing the 40 lakh-figure in almost 10 months of its arrival, as Twitter was caught in crosshairs with the Indian authorities over its course to take away almost 1,400 controversial accounts.
Koo, a favorite amongst a number of Indian Union ministers, has reached 4.2 million customers inside no time. In accordance with information analytics platform Statista, as of January 2021, the micro-blogging platform Twitter had an viewers attain of 69.3 million customers within the US.
Japan and India have been ranked second and third with 50.9 and 17.5 million customers, respectively. The fast-growing vernacular platform Koo describes itself as a private updates and opinion sharing micro-blogging service.
The app gained the Atmanirbhar App Innovation Problem held in August final 12 months and Prime Minister Narendra Modi inspired Indians to make use of the Koo app in his ‘Mann Ki Baat’ speech too.
Nevertheless, Koo additionally discovered itself within the midst of a number of controversies together with an information leak row and Chinese language funding. Koo Co-founder and CEO Aprameya Radhakrishna denied that there was any information leak.
“Koo is an India registered firm with Indian founders. Raised earlier capital 2.5 years in the past. Newest funds for Bombinate Applied sciences is led by a very Indian investor 3one4 capital. Shunwei (single digit shareholder) which had invested in our Vokal journey shall be exiting totally,” Radhakrishna stated in an earlier funding.
Koo has raised $4.1 million as a part of its Sequence A funding. Infosys veteran Mohandas Pai’s 3one4 Capital is the newest addition to the traders on board, based on the corporate, and Accel Companions, Kalaari Capital, Blume Ventures and Dream Incubator additionally participated within the spherical.
“We have now obtained extra love than we anticipated. Our techniques are going through extra load than ever. Thanks for putting your belief in us. Our workforce is engaged on overdrive to repair it. We request your endurance and help via this time. Let’s do that collectively,” Radhakrishna had stated.