Chinese investors' love for Indian startups is only growing
NEW DELHI: There has been a 12 times growth of Chinese investments in Indian start-ups over the past four years to USD 4.6 billion in 2019 from USD 381 million in 2016 with a majority of unicorns in India being backed by corporates and pure-play investment firms from China, according to data and analytics firm GlobalData. An analysis of the deals database of GlobalData's Disruptor Intelligence Centre showed 12 times growth of Chinese investments in Indian start-ups over the past four years from USD 381 million in 2016 to USD 4.6 billion in 2019. The majority of the unicorns in India (17 out of 24) are currently backed by both corporates and pure-play investment firms from China, predominantly Alibaba and Tencent, GlobalData said. Alibaba and its affiliate Ant Financial along with others invested over USD 2.6 billion in four Indian unicorns (Paytm, Snapdeal, BigBasket and Zomato), while Tencent alongside others invested more than USD 2.4 billion in five unicorns (Ola, Swiggy, Hike, Dream11 and BYJU's), it added.
Chinese investors' love for Indian startups is only growing
NEW DELHI: There has been a 12 times growth of Chinese investments in Indian start-ups over the past four years to USD 4.6 billion in 2019 from USD 381 million in 2016 with a majority of unicorns in India being backed by corporates and pure-play investment firms from China, according to data and analytics firm GlobalData. An analysis of the deals database of GlobalData's Disruptor Intelligence Centre showed 12 times growth of Chinese investments in Indian start-ups over the past four years from USD 381 million in 2016 to USD 4.6 billion in 2019. The majority of the unicorns in India (17 out of 24) are currently backed by both corporates and pure-play investment firms from China, predominantly Alibaba and Tencent, GlobalData said. Alibaba and its affiliate Ant Financial along with others invested over USD 2.6 billion in four Indian unicorns (Paytm, Snapdeal, BigBasket and Zomato), while Tencent alongside others invested more than USD 2.4 billion in five unicorns (Ola, Swiggy, Hike, Dream11 and BYJU's), it added.