Indian entrepreneurs back Koo app as Chinese investor exits

Bengaluru: Twitter Inc.’s homegrown rival Koo has added prominent Indian entrepreneurs to its captable, days after it raised $4.1 million in funding from 3one4 Capital.

Ashish Hemrajani of BookMyShow, Vivekananda Hallekere of Bounce and Zerodha’s Nikhil Kamath have come on board the social network that’s positioning itself as a local alternative to Twitter and Facebook Inc. amid their troubles with the Indian government.

Interestingly, Koo’s co-founder Aprameya Radhakrishna distanced the company from Chinese investor Shunwei Capital, saying that they had invested more than two years ago when it was building its first product Vokal, and that the investor would be exiting fully, with other investors buying out their stake.