Latest Breaking News On - ஜாவகள் ஸ்ரீநாத் - Page 7 : comparemela.com
Made in India? Here s what govt has to say about Twitter rival Koo s China connection
freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
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.
Updated Mar 17, 2021 | 15:02 IST
Zerodha co-founder Nikhil Kamat, Flipkart CEO Kalyan Krishnamurthy, BookMyShow Founder Ashish Hemrajani, Udaan co-founder Sujeet Kumar & former cricketer Javagal Srinath have bought out Koo’s Chinese investor. Representational Image
Microblogging site Koo has been pitched as an Aatmanirbhar app that even Prime Minister Narendra Modi had praised in one of his Mann Ki Baat episodes. The desi alternative to Twitter has become even more Aatmanirbhar.
What does that mean? Well, sources tell ET Now that Koo has given an exit to its Chinese minority investor. How did it do that? By getting big guns from the startup universe and even a former Indian cricketer to buy out the shares held by China’s Shunwei Capital.
Shunwei Capital exits Bombinate Technologies
March 17, 2021
Bombinate Tech is the parent company of Koo×
Existing investors and a bunch of prominent individuals buy out minority stake
Existing investors, along with a bunch of individuals, have bought out Shunwei Capital’s minority stake in Bombinate Technologies Pvt Ltd, the parent company of Vokal and Koo.
Prominent Indians, including former Indian cricketer Javagal Srinath, BookMyShow founder Ashish Hemrajani, Udaan co-founder Sujeet Kumar, Flipkart CEO Kalyan Krishnamurthy and Zerodha founder Nikhil Kamat, participated in the round to buy out shares of Shunwei Capital.
Javagal Srinath said: “I am very happy to be backing Koo one of India s most talked about social media platforms. The fact that they are building a platform to bring the voices of Indian language audiences onto the internet is commendable and as an Indian I extend my support to them wholeheartedly.”
»
A flurry of Indian A-list entrepreneurs buyout Chinese investor Shunwei Capital’s stake in Koo – the microblogging site that’s taking on Twitter
A flurry of Indian A-list entrepreneurs buyout Chinese investor Shunwei Capital’s stake in Koo – the microblogging site that’s taking on Twitter
Sanchita DashMar 17, 2021, 15:26 IST
Koo app founders Mayank Bidawatka and Aprameya RadhakrishaKoo
Flipkart CEO Kalyan Krishnamurthy,
Zerodha founder Nikhil Kamath feature in the list of investors that bought out Shunwei Capital’s stake.
Shunwei Capital had held over 9% stake in Bombinate Technologies, the parent company of Vokal and Koo.
Koo, the microblogging platform founded by Aprameya Radhakrishna and Mayank Bidawatka, had seen an upsurge in users after the Indian government’s standoff with Twitter.Bombinate Technologies, the parent company of Vokal and Koo, has shown the door to one of its early investors China’s Shunwei Capital as it rides on the ‘Made in India
vimarsana © 2020. All Rights Reserved.