Mumbai: Chinese venture capital firm Shunwei Capital<\/a> has exited Twitter's homegrown rival Koo<\/a>, the Indian microblogging platform said on Wednesday. 前板球运动员Javagal Srinath, Bookmyshow创始人阿施施Hemrajani, Udaan创始人Sujeet Kumar Flipkart公司首席执行官Kalyan•克里和Zerodha联合创始人Nikhil Kamath Shunwei参与收购的股份。 孟买:中国风险资本公司Shunwei资本已经退出了Twitter的本土竞争对手古周三表示,印度的微博平台。
Shunwei Capital has given up its minority stake in Bombinate Technologies<\/a> Pvt. Ltd., the parent company of Koo. Former Indian cricketer Javagal Srinath, Bookmyshow founder Ashish Hemrajani, Udaan co-founder Sujeet Kumar, Flipkart CEO Kalyan Krishnamurthy, and Zerodha founder Nikhil Kamath participated in the buyout of Shunwei’s stake.
“As stated earlier, we had been in discussion with Shunwei Capital to enable a smooth exit after it invested in our company 2.5 years ago while we were raising funds for Vokal. It has now fully exited the parent company Bombinate Technologies,” said Aprameya Radhakrishna<\/a>, co-founder and chief executive officer at Koo.
Shunwei Capital had held a bit more than 9% in Bombinate Technologies.
In February, Radhakrishna had said that Shunwei was on its way out. Koo's investors include 3one4 Capital, Kalaari Capital, and Blume Ventures.
Koo shot to fame amidst Twitter’s standoff with the government in February this year. That led to prominent government accounts, like the Ministry of Electronics and Information Technology (Meity), MyGov, Digital India, India Post, National Informatics Centre (NIC), National Institute of Electronics and Information Technology (NIELIT), and Bollywood actor Kangna Ranaut among others.
As the company gained followers, it came under scanner for Chinese investors like Shunwei Capital on its cap table. In February, CEO Radhakrishna clarified that Shuwnei held a single-digit stake and had since expressed that they were on the way out.
Chinese investors have been diluting their stake in Indian startups amid a wider anti-China sentiment after last year‘s border clashes and subsequent regulatory changes in foreign investment coming in from the neighbouring country, as reported earlier.
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古中国投资者Shunwei资本退出公司
Shunwei资本已放弃其少数股份发嗡嗡声技术经纪公司,古永锵的母公司。前印度板球Javagal Srinath, Bookmyshow创始人阿施施Hemrajani, Udaan创始人Sujeet Kumar和Zerodha创始人Flipkart公司首席执行官Kalyan•克里希纳穆尔蒂Nikhil Kamath Shunwei参与收购的股份。
“如前所述,我们一直在讨论Shunwei资本,使顺利退出后,投资我们公司2.5年前当我们为Vokal筹集资金。现在已经完全退出了母公司发嗡嗡声技术,”说Aprameya Radhakrishna联合创始人兼首席执行官古永锵。
今年2月,Radhakrishna曾表示,Shunwei摆脱。古的投资者包括3 one4首都Kalaari资本,布鲁姆企业。
古永锵成名在Twitter的对峙与政府今年2月。导致突出政府账目,像电子和信息技术(Meity) MyGov,数字印度,印度,国家信息中心(NIC),电子和信息技术研究所(NIELIT)和宝莱坞演员Kangna Ranaut等等。
随着公司获得追随者,它受到扫描仪等中国投资者Shunwei资本限额表。今年2月,首席执行官Radhakrishna澄清,Shuwnei举行个位数的股份,已表示,他们的出路。
中国投资者已稀释的股份在印度公司在更广泛的反华情绪在去年的边境冲突和后续监管改革外商投资来自邻国,早些时候报道。
Mumbai: Chinese venture capital firm Shunwei Capital<\/a> has exited Twitter's homegrown rival Koo<\/a>, the Indian microblogging platform said on Wednesday.
Shunwei Capital has given up its minority stake in Bombinate Technologies<\/a> Pvt. Ltd., the parent company of Koo. Former Indian cricketer Javagal Srinath, Bookmyshow founder Ashish Hemrajani, Udaan co-founder Sujeet Kumar, Flipkart CEO Kalyan Krishnamurthy, and Zerodha founder Nikhil Kamath participated in the buyout of Shunwei’s stake.
“As stated earlier, we had been in discussion with Shunwei Capital to enable a smooth exit after it invested in our company 2.5 years ago while we were raising funds for Vokal. It has now fully exited the parent company Bombinate Technologies,” said Aprameya Radhakrishna<\/a>, co-founder and chief executive officer at Koo.
Shunwei Capital had held a bit more than 9% in Bombinate Technologies.
In February, Radhakrishna had said that Shunwei was on its way out. Koo's investors include 3one4 Capital, Kalaari Capital, and Blume Ventures.
Koo shot to fame amidst Twitter’s standoff with the government in February this year. That led to prominent government accounts, like the Ministry of Electronics and Information Technology (Meity), MyGov, Digital India, India Post, National Informatics Centre (NIC), National Institute of Electronics and Information Technology (NIELIT), and Bollywood actor Kangna Ranaut among others.
As the company gained followers, it came under scanner for Chinese investors like Shunwei Capital on its cap table. In February, CEO Radhakrishna clarified that Shuwnei held a single-digit stake and had since expressed that they were on the way out.
Chinese investors have been diluting their stake in Indian startups amid a wider anti-China sentiment after last year‘s border clashes and subsequent regulatory changes in foreign investment coming in from the neighbouring country, as reported earlier.
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