Made-in-India Twitter alternative Koo has announced that Indian entrepreneurs like BookMyShow CEO and co-founder Ashish Hemrajani, Bounce CEO and co-founder Vivekananda, Zerodha co-founder and CIO Nikhil Kamat along with others will be investing in the company.
The recent investment of $4.1 mn in Bombinate Technologies – Koo’s parent company–was led by 3one4 Capital, an Indian investor. “Shunwei had not participated in the latest round of funding. Shunwei that had invested in the company for the earlier product Vokal which answers user questions in Indian languages, will be exiting fully with the new investors buying their stake. Existing investors including 3one4 Capital, Kalaari and others will also be buying out some of the stake,” said Koo in a statement.
For those unaware, Koo is a new made in India Twitter alternative with focus on local languages. The social media platform is very similar to Twitter and calls itself ‘the voice of India’. Instead of the Blue Twitter bird, Koo identifies itself with a Yellow bird. But there is one big difference between the two. While Twitter allows you to create an account with just an email ID, Koo requires a valid mobile number. Your phone number is verified via an OTP when you register on Koo for the first time. The app is available on Android, iOS and can be accessed on web browsers too.
Koo has a character limit of 400 and you can do almost everything that you are used to doing on Twitter like following other users, posting pictures, audio or videos, attach web links or YouTube links. You can also use hashtags and also tag people by using ‘@’. With Koo, you can post polls and can even record and post audio or videos instantly.
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