China’s economic footprint in India seems negligible compared to its presence in other emerging markets, especially in South Asian countries such as Pakistan, Sri Lanka, Myanmar and Bangladesh. Whereas investments in these countries is mostly in physical infrastructure, Chinese funding to Indian tech start-ups is making an impact disproportionate to its value, given the deepening penetration of technology across sectors in India. TikTok, owned by ByteDance, is already one of the most popular apps in India, overtaking YouTube; Xiaomi handsets are bigger than Samsung smartphones; Huawei routers are widely used. There are many companies in India which is Chinese funded Companies.
India’s largest purchasing power and huge market are attracting marketers from across the world. Among all the investors, Chinese investors and technology entrepreneurs comes with a Herculean investment in India’s start-up specialising in areas such as mobile gaming, education, healthcare, financial technology and Internet of Things (IoT) in India. Here, we are giving the list of Chinese Funded Companies in India (List of India’s Start-up Company funded by Chinese Investors) for general awareness (GK).
These are investments made by nearly two dozen Chinese tech companies and funds, led by giants like Alibaba, ByteDance and Tencent which have funded 92 Indian start-ups, including unicorns such as Paytm, Byju’s, Oyo and Ola.
Paytm (Pay Through Mobile) is an Indian electronic payment and e-commerce company which is also a Chinese funded Companies. But it is very surprising to know that the concept, inspiration and investment are from China. It is the first Indian company to receive funding from Chinese e-commerce Company Alibaba which is now raised over $625 million.
It is a cross-platform instant messaging services for smartphones. Recently, a new round of funding led by Chinese Internet giant Tencent Holdings and Foxconn Technology Group of Taiwan, valuing the company at about $1.4 billion.
It is India’s one of the largest e-commerce company, has now raised $ 1.58 billion (about Rs 10,112 crore) from 23 investors. It’s top investors are SoftBank, Kalaari Capital, Nexus Ventures, and eBay Inc. You will be surprise to know, that it’s one of investor SoftBank Group has the largest shareholder in Chinese e-commerce giant Alibaba Group Holding Ltd. It is also one of the Chinese funded Companies.
It is one of the India’s mobile apps based transportation network company. The Chinese car app company ‘Didi Chuying (Didi Kuaidi)’ has invested in Ola. So far, Ola has raised around Rs. 8200 crores fund through 21 investors.
IBIBO and Make My Trip
India’s one of the largest online travel company, MakeMyTrip recently bought the Ibibo Group and bring together the top travel brands like MakeMyTrip, goibibo, redBus, Ryde, and Rightstay under a single umbrella. Naspers (South African Based) and Tencent (Chinese investment holding company) jointly held a 91% and 9% stake in Ibibo respectively. They will become the single largest shareholder in the company.
It is Indian e-commerce Company, which was founded in 2007 by two IITians (Delhi) Sachin Bansal and Binny Bansal. Recently, it has raised biggest ever start-up funding from Tencent Holdings Ltd, eBay Inc. and Microsoft Corp.
It is a Delhi-based online health and wellness online service Company has received an undisclosed amount of funding in a pre-series-A round of India-focused Chinese venture capital firm Cyber Carrier, which had recently invested in Zoomcar and IndiaLends.
In the above list of Chinese Funded Companies in India will give a better understanding on how 100 per cent Foreign Direct Investment (FDI) in online retailer of goods and services through the automatic route marked it own space to grow and driving unit of India’s economy.