Mayank Bidawatka, the co-founder of Koo, has secured $4 million in funding for his new consumer tech startup, Billion Hearts. The funding round was led by Blume Ventures, an early-stage venture capital firm, with additional participation from General Catalyst and Athera Venture Partners. This new funding comes after Billion Hearts had previously raised approximately $250,000 in a pre-seed round from the founders of redBus, Ola, InMobi, and Myntra in September.
The newly acquired funds will be used to build a global team and enhance the company’s technology, focusing on creating a tech-driven product. Billion Hearts plans to expand its team to 15 members by early next year. “We are excited to have the support of such esteemed investors,” Bidawatka said.
Billion Hearts secures major funding
With this funding, we are poised to accelerate our plans and bring innovative tech solutions to consumers around the world.
Currently, Billion Hearts is accepting sign-ups, with its first product scheduled to launch in beta early next year for a select group of users. The app will be available on both Android and iPhone devices.
Thousands have already signed up for early access, indicating strong interest and demand for the upcoming product. This development follows the cessation of operations for Koo in July this year due to a lack of traction and follow-up investment. The company had also been seeking a merger or acquisition deal but was unable to find a buyer.
The announcement of this significant funding round indicates strong investor confidence in Billion Hearts’ potential. It also highlights Bidawatka’s track record of successfully launching technology-driven companies, most notably Koo, India’s own microblogging platform.
