Koo app clocks 1 crore downloads in less than 18 months of operations

New Delhi: The Koo app, a homegrown rival to US-based microblogging site Twitter Inc., has clocked one crore downloads in less than 18 months of operations.
The app had won the government’s Aatmanirbhar App Innovation Challenge last year.
Started in March 2020 by Aprameya Radhakrishna and Mayank Bidawatka, the Koo app is currently available in eight languages-including Hindi, Kannada, Marathi, Tamil, Telugu, Assamese, Bangla and English.

[Via]

Daily.

Droom converts Indian entity to public limited company

Online automobile marketplace Droom, which recently announced its $200 million pre-IPO round, has converted itself from a private limited company to a public limited company.
According to the company’s regulatory filings, it has converted the name of its Indian entity from Droom Technology Private Limited to Droom Technology Limited.
Significantly, Droom Technology has received all of the funds from its Singapore based parent Droom Pte, which controls 100% stake in the aforementioned Indian entity.

[Via]

Daily.

Curefoods, a cloud kitchen platform floated by Cure.fit co-founder Ankit Nagori, on Wednesday said it has secured $13 million as part of its Series A funding round led by venture firm Iron Pillar.
Curefoods joins a growing list of ventures which have come up with a view to acquiring direct-to- consumer brands or third-party sellers on e-commerce platforms such as Amazon to create a large portfolio of businesses.
Just last week, Presight Capital and an undisclosed global hedge fund led a $42.5 million Series A round of funding in Gurugram headquartered UpScalio which aggregates and invests in e-commerce brands.

[Via]

Daily.