🇮🇳 Roundup: Twitter rival Koo raises $10m
Here’s some important tech news from India today:
Koo logs in US$10 million funding
Koo, an India-based Twitter rival, has reportedly raised US$10 million from a clutch of investors, including Caspier Venture Partner, Ravi Modi Family Trust, BharatPe co-founder Ashneer Grover, and others.
The Indian microblogging platform had in last May raised US$30 million from Tiger Global, among other investors.
The platform, available in several vernacular languages, went past 15 million users last November.
Agritech startup WayCool buys IP of smart farm resource management tool
GramworkX‘s platform will be integrated into WayCool‘s in three to six months, according to an Economic Times report.
WayCool, which procures, processes, and distributes fresh produce, staples, and dairy products, will also invest US$1 million in GramworkX.
WayCool had secured US$32 million in a series C funding round led by VC firm Lightbox in 2020.
Retail tech provider set to raise up to US$35 million
1K Kirana Bazaar is reportedly in late-stage stage talks to raise US$35 million from Alpha Wave and others.
The startup is on a mission to build India’s first network of small-sized modern format grocery stores for India’s next billion consumers.
1K Kirana Bazaar had raised US$7 million in August 2021.
Follow the rest of our India coverage here.
Editing by Collin Furtado and Arpit Nayak
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