Co-founder of the Vernacular microblogging platform Koo Mayank Bidawatka has raised USD 4 million for his new consumer tech startup, Billion Hearts. The funding round was led by early-stage venture capital firm Blume Ventures. Furthermore, we also saw participation from General Catalyst and Athera Venture Partners.
The startup had closed a USD 250K pre-seed round from the founders of redBus, Ola, Myntra, InMobi, among others in September this year.
The proceeds are said to be utilized to build a global team while enhancing its technology. Furthermore, Billion Hearts would keep their team count small since it is focused on devising a tech-driven product. Furthermore, it also plans to expand its team to 15 by early next year.
Currently, the startup is accepting sign-ups, wherein, its first product is slated to launch its beta in early next year for a select few users. Furthermore, the app will also be available on both Android and iPhone devices.
Amid no traction and follow-up investment, vernacular microblogging platform Koo shut down its operations in July this year, wherein, it was also looking for a prospective merger and acquisition deal but failed to find a buyer.
