India Digest: Twitter's India rival Koo raises $6m; Sukoon Healthcare snags $15m

India Digest: Twitter's India rival Koo raises $6m; Sukoon Healthcare snags $15m

Photo from Koo's website

Twitter’s Indian rival social media app Koo has raised $6.3 million in a new round co-led by Tiger Global and Accel, while hospital chain startup Sukoon has raised $15 million from venture capital firm Lightrock India.

Tiger Global, Accel back Koo

Social media app Koo has raised $6.3 million in a new round co-led by Tiger Global and Accel, Entrackr reported on Thursday.

Kalaari Capital, 3one4 Capital, and Dream Incubator (DI), a Tokyo-based PE firm, also participated in Koo’s second funding round of 2022, the report said.

According to Fintrackr’s estimates, the company has been valued at around $275 million.

Earlier this year, Koo raised $10 million from Capier Venture Partner, Ravi Modi Family Trust, Ashneer Grover, and others.

Lightrock backs Sukoon Healthcare

Psychiatric hospital chain startup Sukoon said it has raised $15 million from venture capital firm Lightrock India.

As part of the deal, Lightrock India has bought a significant stake in the startup, and Sukoon claims this investment is the largest in the Indian mental health space.

Sukoon was founded by Vidit and Kanishk two years ago, and in the last year alone, Sukoon claims to have treated over 11,000 patients suffering from a spectrum of conditions across inpatient and outpatient services.

Post this transaction, Saleem Asaria, a partner at Lightrock India, will assume the role of executive chairman, and the founders Bahri and Gupta will assume senior leadership roles.

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