China has a significant role to play in the start-up culture of India, but the recent incident on indo-china border can lead to boycotting of the Chinese products. The clash at Galwan valley which had led to the death of 20 Indian soldiers will give rise to anti-Chinese sentiments. The standoff happened 50 50years after the first in 1975. It started as a disengagement exercise on June 15 to end a prolonged standoff along the Line of Actual Control in Ladakh.
But, it is also a fact that India got a massive technological push and investment from China including some of the renowned investors:
1. Ant Financial: The fintech owned by JackMa is a major investor in Snapdeal and Paytm. The company has invested around $2.7billion in the indian market and is actively investing in Paytm Mall. It’s also planning to invest a billion more in India and South-east Asia.
2. Tencent: The companies like Flipkart, Swiggy and Ola are flourishing due to heavy investment by Tencent. It is also an active investor in WeChat, the Chinese chatting app competing with Whatsapp. It has invested around $2billion in India including more than 15 start-ups and gaming companies. Khatabook, MyGate, Niyo Solutions and other established players like PolicyBazaar, and Udaan are some its investments in India and it plans to invest $10-15million more.
3. Shunwei Capital: Zomato, social commerce startup Meesho, messaging app Sharechat and lending platforms Krazybee and Loantap are some of the investments of Shunwei Capital in India. With more than $129 million already invested in 17 start-ups, they plan to expand even further.
4. Fosun Group: Relatively small and new, the Fosun Group was founded in 2013 and since then it has invested close to $85 million in India. Some of the start-ups have invested in Ixigo and Delhivery and some early-stage ones like LetsTransport, Mylo, Kissht and others.
5. Xiaomi: The popular investor in Indian Ecosystem, it has invested around $61 million in companies like Sharechat, lending startup Krazybee and few others. They plan to invest around 6000 crores in more than 100 different Indian start-ups.
6. Hillhouse Capital: They have already invested $165 million in India including Swiggy, Udaan and Cred. It’s mostly interested in investing in mobility including AirBNB and $50 million in the online automobile comparison platform CarDekho.
7. TR Capital: Already invested $111 million in India, it has invested in Flipkart, Lenskart, Urban Ladder and BigBasket are among the nine companies.
