In the midst of this fiasco between the microblogging platform Twitter and the Indian government over the recent raid by the Delhi police following a message on Twitter, there is a local company called Koo, a Twitter clone that is getting the most out of it. According to reports, app downloads and engagements on the platform have increased about five times in the past three days.
Koo has seen its user base grow sharply in recent months as calls for an expansion of the ecosystem of native digital platforms have been raised.
“Our intent is to ensure that every user has a safe experience with Koo. We have processes to address user complaints and have been able to identify individuals who were confident of the promise of safety and a great environment for users meet, “Aprameya Radhakrishna, co-founder of Koo, told PTI.
Koo said it raised $ 30 million (approximately Rs 218 billion) in a funding round led by Tiger Global.
Existing investors Accel Partners, Kalaari Capital, 3one4 Capital, Blume Ventures and Dream Incubator also participated in the final financing round. IIFL and Mirae Assets are other new investors who have come to the Cap Table with this round.
Koo was founded by serial entrepreneurs Aprameya Radhakrishna, founders of TaxiForSure and Mayank Bidawatka, who previously founded companies like MediaAnt and Goodbox. Its popularity peaked amid clear calls for an expansion of the ecosystem of native digital platforms.
Koo has almost 60 lakh users, making it an important mediator for social media under the new guidelines.
On May 24, Delhi police visited the Twitter India offices after asking Twitter for an explanation of the reasons behind the tweet by BJP spokesman Sambit Patra about the alleged congressional toolkit the central government is calling “manipulated media.” “should address, had marked. The Delhi Police Special Cell asked Twitter to explain the reasons and share any information about how the toolkit was described as manipulated media.
Twitter had said it was concerned about recent events regarding its employees in India and the potential threat to freedom of expression. “Concerned about recent events regarding our workforce in India and the potential threat to freedom of expression for the people we serve. We have concerns about the tactics of intimidation police in response to global terms of service enforcement and core elements of the new IT -Rules, “said a Twitter spokesman.
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