Chinese investor exits Koo's parent company

Chinese investor exits Koo’s parent company
By Mansoor|   Published: 17th March 2021 11:31 pm IST
Koo App is a social media platform of India, offers micro blogging like Twitter.
New Delhi: Existing investors, along with a few prominent Indians, have bought out Chinese venture capital firm Shunwei Capital’s minority stake in Twitter’s homegrown rival Koo’s parent company Bombinate Technologies.
Former Indian cricketer Javagal Srinath, BookMyShow Founder Ashish Hemrajani, Udaan Co-Founder Sujeet Kumar, Flipkart CEO Kalyan Krishnamurthy and Zerodha Founder Nikhil Kamat have participated in the round to buy out shares of Shunwei Capital, Koo said on Wednesday.
Shunwei Capital had held a bit more than 9 per cent in Bombinate Technologies.

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