Community app Kutumb in talks to raise upto $20 mn from Tiger Global

Social media startup Kutumb is in talks with American investment major Tiger Global to raise $15-20 mn in Series A, which will value the seven-month-old community platform at around $170 mn.

According to app intelligence platform Sensor Tower, Kutumb recorded more than 3 mn downloads in February 2021. Currently, the app has 11 mn+ monthly active users. It aims to position itself as a Reddit-like platform for Bharat users, preferably in the Hindi-speaking belt.

In recent months, homegrown apps like Koo, Chingari and Josh have thrived due to their local focus and Made-in-India tags as Prime Minister Narendra Modi-led campaigns Vocal for Local and Atmanirbhar Bharat have swept the masses.

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