NEW DELHI: The Chinese investor in the parent firm of Koo<\/a>, India's answer to Twitter, is on its way out after other investors have pledged to buy out its 9 per cent stake, Koo's co-founder and CEO Aprameya Radhakrishna said.


Koo, which caught public attention after the Indian government's tussle with Twitter over the removal of inflammatory contents, has crossed over 3 million downloads with about a million active users.

Koo's investors include Accel Partners, 3one4 Capital, Blume Ventures, and Kalaari Capital. Additionally, global venture capital firm, Shunwei, is also an investor in Bombinate Technologies, the parent of Koo.

Shunwei Capital, which is led by a partnership team that includes people of Chinese origin, had invested in the earlier product of Bombinate, an app called Vokal.

Since Bombinate has pivoted its primary business and focused on Koo, Shunwei has committed to exiting the company, he said.

\"Back in 2018, when we had just started with question-answer app Vokal, we got interest from Shunwei, which was a prolific Chinese investor in the content space,\" Radhakrishna said in an interview.

Shunwei had invested across multiple companies in India and Bombinate was one of them.

\"Over 2018 to now, Koo was started as an experiment and it gained traction. We had no idea, this will be a national sentiment product and that we should not take money other than Indian or something that is welcome,\" he said. \"Nobody really questions at Vokal. It's about Koo.\"

He said when the investment happened, Koo didn't exist.

\"Koo started getting traction recently. And the latest round of investment ($4.1 million in Bombinate) was led by 3one4 Capital and Shunwei hasn't participated. We actually made sure that there is no more participation from Chinese investors,\" he said.

Shunwei, he said, is on its way out.

\"Exits are a matter of timing. You need to have the interest to buy out existing shareholders as well,\" he said. \"First priority was to infuse capital into the company. And there will be more interest we will request Shunwei to exit. We now have enough interest to buy them out. They have also agreed to exit and this is in the process.\"

He did not say who would buy out Shunwei. Shunwei Capital, he said, held about 9 per cent interest in Bombinate.

Due to the increased restrictions on Chinese investors in India, the exit procedure was working through the required checks and clarifications before being completed. The company expects this exit transaction to be concluded very soon, pending the necessary compliance and governance procedures.

He said Koo, through which Indian language users can communicate in their own language, houses all data and associated services in India.

Koo is available in several Indian languages including Hindi, Kannada, Tamil, Telugu, Gujarati, and Marathi.

\"Koo is an Indian registered company with Indian founders,\" he said.

Koo has so far raised around $4.1 million from investors including Infosys veteran Mohandas Pai's 3one4 Capital, Kalaari Capital, and Blume Ventures.
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中国投资者在古的母公司的出路

古的中国投资者在母公司,Twitter,印度的答案后在其他投资者承诺购买了9%的股份,古永锵的联合创始人兼首席执行官Aprameya Radhakrishna说。

  • 更新于2021年2月17日凌晨08:39坚持
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新德里:中国投资者的母公司Twitter,印度的答案,在摆脱其他投资者承诺收购其9%的股份,古永锵的联合创始人兼首席执行官Aprameya Radhakrishna说。


古,这引起了公众的注意后,印度政府的争斗与Twitter删除煽动性的内容,已跨越300万下载约有一百万活跃用户。

古永锵Accel Partners的投资者包括3 one4资本、布鲁姆Ventures和Kalaari资本。Shunwei此外,全球风险投资公司,也是一个投资者发嗡嗡声技术,古之母。

广告
Shunwei资本,这是由团队合作,包括华裔人,早点投入发嗡嗡声的产物,一个名为Vokal的应用。

发嗡嗡声以来旋转它的主要业务和专注于古,Shunwei承诺退出公司,他说。

“早在2018年,当我们刚刚开始问答应用Vokal,我们从Shunwei有兴趣,这是一个多产的中国投资者在内容的空间,“Radhakrishna在接受采访时表示。

Shunwei跨多个企业在印度投资,发嗡嗡声就是其中之一。

“在2018年到现在,古开始作为一个实验,它得到了牵引力。我们不知道,这将是一个国家人气产品,我们不应该拿钱比印度或其他东西是受欢迎的,”他说。“没有人在Vokal真的问题。它是关于古。”

他说投资发生时,古不存在。

”古永锵最近开始牵引。和最新一轮的投资在发嗡嗡声(410万美元)是由3 one4资本和Shunwei没有参与。我们确保没有更多的中国投资者的参与,”他说。

Shunwei,他说,在其出路。

“退出时机的问题。你需要购买现有股东的利益,”他说。“首要任务是向公司注入资金。和将会有更多的利益,我们将请求Shunwei退出。我们现在有足够的兴趣买出来。他们也同意退出,这是在这个过程中。”

广告
他没有说谁会买下Shunwei。Shunwei资本,他说,持有约9%的股份发嗡嗡声。

由于增加了限制中国投资者在印度,退出程序通过所需的检查和澄清之前完成。公司预计这个出口事务很快完成,等待必要的法规遵循和治理过程。

他说古,通过印度语言,用户可以用自己的语言交流,印度所有的数据和相关的服务。

古有几个印度语言包括印地语、卡纳达语、泰米尔语、泰卢固语,古吉拉特语、马拉地语。

“古是一个与印度创始人印度注册公司,”他说。

古迄今投资者筹集了约410万美元,包括印孚瑟斯资深莫汉达斯·派3 one4首都Kalaari资本,布鲁姆企业。

  • 发布于2021年2月17日08:38点坚持
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NEW DELHI: The Chinese investor in the parent firm of Koo<\/a>, India's answer to Twitter, is on its way out after other investors have pledged to buy out its 9 per cent stake, Koo's co-founder and CEO Aprameya Radhakrishna said.


Koo, which caught public attention after the Indian government's tussle with Twitter over the removal of inflammatory contents, has crossed over 3 million downloads with about a million active users.

Koo's investors include Accel Partners, 3one4 Capital, Blume Ventures, and Kalaari Capital. Additionally, global venture capital firm, Shunwei, is also an investor in Bombinate Technologies, the parent of Koo.

Shunwei Capital, which is led by a partnership team that includes people of Chinese origin, had invested in the earlier product of Bombinate, an app called Vokal.

Since Bombinate has pivoted its primary business and focused on Koo, Shunwei has committed to exiting the company, he said.

\"Back in 2018, when we had just started with question-answer app Vokal, we got interest from Shunwei, which was a prolific Chinese investor in the content space,\" Radhakrishna said in an interview.

Shunwei had invested across multiple companies in India and Bombinate was one of them.

\"Over 2018 to now, Koo was started as an experiment and it gained traction. We had no idea, this will be a national sentiment product and that we should not take money other than Indian or something that is welcome,\" he said. \"Nobody really questions at Vokal. It's about Koo.\"

He said when the investment happened, Koo didn't exist.

\"Koo started getting traction recently. And the latest round of investment ($4.1 million in Bombinate) was led by 3one4 Capital and Shunwei hasn't participated. We actually made sure that there is no more participation from Chinese investors,\" he said.

Shunwei, he said, is on its way out.

\"Exits are a matter of timing. You need to have the interest to buy out existing shareholders as well,\" he said. \"First priority was to infuse capital into the company. And there will be more interest we will request Shunwei to exit. We now have enough interest to buy them out. They have also agreed to exit and this is in the process.\"

He did not say who would buy out Shunwei. Shunwei Capital, he said, held about 9 per cent interest in Bombinate.

Due to the increased restrictions on Chinese investors in India, the exit procedure was working through the required checks and clarifications before being completed. The company expects this exit transaction to be concluded very soon, pending the necessary compliance and governance procedures.

He said Koo, through which Indian language users can communicate in their own language, houses all data and associated services in India.

Koo is available in several Indian languages including Hindi, Kannada, Tamil, Telugu, Gujarati, and Marathi.

\"Koo is an Indian registered company with Indian founders,\" he said.

Koo has so far raised around $4.1 million from investors including Infosys veteran Mohandas Pai's 3one4 Capital, Kalaari Capital, and Blume Ventures.
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