Microblogging app Koo, which has gained traction in the last few days amid the Indian government’s tussle with Twitter, has a Chinese investor that is on its way out, the platform’s Chief Executive Officer Aprameya Radhakrishna told CNBC-TV18 in an interview on Wednesday.
Koo caught public attention after the Ministry of Electronics and Information Technology used the platform on Wednesday to express “strong displeasure” against Twitter for not complying with its orders to take down certain content.
CEO Radhakrishna, who is also one of the co-founders of Koo, said that Chinese venture capital firm Shunwei Capital was a “very small stakeholder” in the company and that they were exiting after being bought out by other investors.
“Shunwei [Capital] had invested in the earlier brand Vokal,” Radhakrishna told the news channel. “We have pivoted our business and focused on Koo..they [Shunwei] are on their way out. They are being bought out by other people. We are…