Homegrown social-media company Koo, which was launched last year as a competitor to Twitter, raised $30 million as part of a Series B round, and is now valued at $150 million. The fresh round of funding will be utilised mainly to strengthen engineering, product and community efforts across all Indian languages at Koo, the company said in a statement. Koo's fundraise comes at a time when its primary competitor Twitter is going through a legal ordeal with the Delhi Police and Government of India. Twitter is fighting two battles at the same time: The first is related to a political fight between the ruling Bharatiya Janata Party and the Indian National Congress and the second, related to applicability of and compliance with the new Information Technology Rules 2021. “We have aggressive plans to grow into one of the world’s largest…
- PrivacyNama Session: Chief Privacy Officer Roundtable; October 7 October 1, 2022
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- India’s Department of Telecommunications (DoT) orders ISPs to Block 67 Porn Websites October 1, 2022
- AI Law and Policy Diploma Course (CCG-NLUD) 2022 #Ad October 1, 2022
- RBI’s card storage rules kick in today, but is the payments ecosystem ready in India? October 1, 2022
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