Startup A-listers buy out Chinese investor Shunwei's stake in Koo

Koo has so far raised $4.1 mn in Series A funding from existing investors Accel, Kalaari Capital, Blume Ventures and 3one4 Capital.

Giving an exit to its sole Chinese investor Shunwei Capital, Bombinate Technologies, the parent company of Vokal and homegrown microblogging platform Koo, has onboarded investors such as BookMyShow Founder Ashish Hemrajani, Udaan Co-Founder Sujeet Kumar, Flipkart CEO Kalyan Krishnamurthy, Zerodha Founder Nikhil Kamat and former Indian Cricketer Javagal Srinath, who bought the VC’s stake in the company. 

Without giving any financial details of the transaction, the company said that Shunwei Capital had held a bit more than 9 per cent in Bombinate Technologies. The company said it is a part of its commitment to build an 'Atmanirbhar' app for India