Sunday, October 24, 2021
Home Regional news Koo's Chinese investor will be exiting fully, says app co-founder

Koo’s Chinese investor will be exiting fully, says app co-founder

The app is facing more load than ever, Aprameya tweeted requesting patience from new users and also clarified that Koo’s China connection will soon be a thing of past.

As made-in-India Koo has gained considerable traction in the last few days as ministers are moving on to the desi microblogging platform, the app is on its way to get rid of its Chinese investor, Koo co-founder Aprameya Radhakrishna has tweeted as social media users raised questions over the app’s Chinese connection.

Chinese investor Shunwei Capital is a small stakeholder of the company at present, and its stakes are being bought by other companies, Aprameya confirmed.

What is Koo? Which ministers have already joined this made-in-India app?

“Koo is an India registered company with Indian founders. Raised earlier capital 2.5 years ago. Latest funds for Bombinate Technologies is led by a truly Indian investor 3one4 capital. Shunwei (single-digit shareholder) which had invested in our Vokal journey will be exiting fully,” he tweeted.

He also tweeted: 95% of koo users login through their mobile phone number Language communities of India do not use email to login and hence was not the priority of the company.

Email login was introduced recently Now that concerns have been raised it has already been blocked from view, he said in a series of tweets.

 

 

 

 

 

 

 

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