Shunwei Capital exits Koo; Stake acquired by Former Cricketer Javagal Srinath, Flipkart CEO, Others
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Indian microblogging app Koo, which is seen as a ‘swadeshi’ alternative to Twitter, entered the limelight last month and soon after questions were raised about its parent company’s Chinese VC fund Shunwei Capital. Now, the app, which has been endorsed by several cabinet ministers and popular Indian personalities, has announced that Shunwei Capital has completely exited Bombinate Technologies, which also operates Vokal besides Koo.