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.
WhatsApp head Will Cathcart may not have anything to do with Twitter CEO Jack Dorsey but when it comes to India, he is worried not only about the Union government s aim to break encryption but also the move to promote the homegrown .
WhatsApp CEO worried about Indian govt promoting Koo App siasat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from siasat.com Daily Mail and Mail on Sunday newspapers.
WhatsApp alarmed as Modi govt promotes Koo
Koo has fast become a favourite among several Union ministers amid the government s war with Twitter
Wednesday March 10, 2021 5:46 PM, ummid.com with inputs from IANS
New Delhi: WhatsApp head Will Cathcart may not have anything to do with Twitter CEO Jack Dorsey but when it comes to India, he is worried not only about the Union government s aim to break encryption but also the move to promote the homegrown micro-blogging platform Koo.
Speaking to Big Technology Podcast host Alex Kantrowitz, Cathcart said that splinternet where instead of having a global internet, you have countries each with their own regulations is a profound risk and it will be worse if governments decide to have their own mini-internet with their own mini-apps.