The indigenous micro-blogging app Koo, also known as India’s Twitter, has been questioned over the past several days that a Chinese investor has invested money in it. Meanwhile, the CEO of KOO App, Aprameya Radhakrishna, clarified that the Chinese investor who had invested money in KOO, is now completely getting out of it.
Radhakrishna in an interview to CNBC TV18 said, “Shunwei first invested in brand vocal. After that we separated our business and shifted our focus to the KOO app. They are out of it now, their shares are being bought by other people. We truly Has a self-sufficient India app. “
He also said that Shunwei Capital is currently a very small stakeholder in the company and will also be bought. They are in the process of getting out of it. Interestingly, he also confirmed on Twitter that KOO App is an Indian company with an Indian founder.
In his tweet, Radhakrishna wrote, “Raised capital 2.5 years ago. New funds for Bombin Technologies have been met by Indian investor 3one4 Capital. Shunwei, who invested in our vocal, is now going completely out of it.”
Apart from the Chinese investor, Ku also counts investors such as Infosys veteran Mohandas Pai’s 3one4 Capital, Kalari Capital and Blum Ventures on his cap table. It has raised about $ 4.1 million so far.
Koo App Not Safe?
In a series of tweet, Baptiste said that on the request of some Twitter users, he spent 30 minutes on Koo. He found that the platform exposed sensitive information like email addresses, names, gender and marital status of users. The tweets also suggest that the platform had a domain registered, three years ago, in the US with the registrant based in China.
Aprameya Radhakrishna, the Co-Founder and CEO (and developer of the app) states that this is not a data leak. He said that the data visible is something that the user has voluntarily shown on their profile of Koo. It cannot be termed a data leak. If you visit a user profile you can see it anyway.