Koo is the only platform which announced that it has adhered with the social media regulations proposed by the Indian government aimed to act against fake news and unverified users.
May 26 2021, 10:32 AM
May 26 2021, 10:32 AM
May 26 2021, 10:32 AM
A local alternative for Twitter Inc. has raised $30 million in a growth funding round led by Tiger Global at a time the U.S.-based micro-blogging site is engaged in a clash with the Indian government.The fundraising by Koo also saw participation from other existing investors such as Accel Partners, Kalaari Capital, Blume Ventures and Dream Incubator, it said in a statement. While the company didnât disclose the valuation, two people .
A local alternative for Twitter Inc. has raised $30 million in a growth funding round led by Tiger Global at a time the U.S.-based micro-blogging site is engaged in a clash with the Indian government.
Chinese investor exits Koo parent company | Business News – India TV indiatvnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatvnews.com Daily Mail and Mail on Sunday newspapers.
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.
Giving an exit to its sole Chinese investor Shunwei Capital, Bombinate Technologies, the parent company of Vokal and homegrown microblogging platform Koo, has onboarded investors such as BookMyShow Founder Ashish Hemrajani, Udaan Co-Founder Sujeet Kumar, Flipkart CEO Kalyan Krishnamurthy, Zerodha Founder Nikhil Kamat and former Indian Cricketer Javagal Srinath, who bought the VC’s stake in the company. Without giving any financial details of the transaction, the company said that Shunwei Capital had held a bit more than 9 per cent in Bombinate Technologies. The company said it is a part of its commitment to build an Atmanirbhar app for India and the world.