China has invested in 18 of India’s leading 30 enterprises and start-ups (entrepreneurial initiatives valued at more than $1 billion). Chinese funding in India surged five times during the first 3 years of the Modi government, from $1.6 billion in 2014to $ 8 billion. Chinese enterprises have also invested money in Indian enterprises, notably in the medicinal and technology industries.
Alibaba Group and its partner Ant Financial, Fosun RZ CapitalandTencent Holdingshave financed hundreds of millions of dollars in Indian businesses, which include unicorns like Paytm, Zomato, Delhivery, BigBasket, PolicyBazaar, Udaan, Oyo Hotels & Homes, Ola, and Dream11.
China’s operations in the Indian economy, both in the case of personal equity and Greenfield investments, have risen exponentially since 2014. While FDI from China into the start-up industry is substantial, its influence is likewise immense. Between 2016 and 2019, Chinese financial support in Indian businesses andstart-ups soared by 12 times. This development is reasonable, given that big Chinese capitalists have been progressively funding and covering the void in the tech-start-up domain in India, a critical sector where major monetarilypowerfulinvestors are limited.
CHINESE FUNDED COMPANIES IN INDIA
The following are the Chinese funded companies in India –
- BigBasket
- Dailyhunt
- Healofy
- Paytm Mall
- Paytm
- TicketNew
- Vidooly
- XpressBees
- Snapdeal
- Zomato
- BYJU’s
- Ola
- Doubtnut
- Flipkart
- Niyo
- Gaana
- Hike
- Khatabook
- MX Player
- MyGate
- Pine Labs
- Pocket FM
- Practo
- Swiggy
- Udaan
- Hungama Digital Media Entertainment Pvt. Ltd
- Marsplay
- Oye! Rickshaw
- ShareChat
- ZestMoney
DETAILS ABOUT SOME OF THE TOP CHINESE FUNDED COMPANIES IN INDIA
- BigBasket is an onlinee-commerce grocery distribution service based in India. In 2018, Alibaba made a tactical investment in BigBasket. The fundinghelpedBigBasket compete with Amazon in the United States and Flipkart in India. With the assistance of Chinese investors, the firm’s worth surpassed $1 billion.
- Dailyhunt is one of the quickest growing businesses. It is a news and information aggregator based in India. It is acknowledged as one of the best mobile applications for maintaining up with the latest headlines from all over the world. Dailyhunt has established its position in the Indian start-up environment, with more than22 million active users and 30 billion page visits each month. Alibaba is an investor in Dailyhunt.
- Healofy is India’s biggest women’s social networking site, enabling women to engage with one another. In 2018, Healofy secured a $1 million seed capital fundfrom Omidyar Network. Healofy then acquired another $8 million in investment from BabyTree Group, an Alibaba-supported parental portal, and BAce Capital, a fund endorsed by Alibaba’s Ant Financial.
- Paytm Mall was founded in February 2017 by Paytm. Paytm Mall works on a B2C orbusiness-to-consumer basis. It is an e-commerce website where users can shop from over 1.4 lakh authorised sellers. Alibaba fundeda 40% investment in Paytm Mall but declined to invest any further money in the business.
- Paytm is one of the largest e-commerce firms in India, and it is featured in this list of Chinese-funded enterprises. Paytm is a commercial technology and e-commerce money transfer platformbased in India. In January 2018, Paytm was estimated at $10 billion. Ant Financial has funded $680 million in One97 Communications, the parent organisation of Paytm, to become the biggest stakeholder.
- Snapdeal is a massive e-commerce firm established in India. 3 of Asia’s major tech giants, Alibaba, Foxconn, and SoftBank, have financed over $500 million in Snapdeal. Snapdeal is yet another e-commerce powerhouse on our list of Chinese-funded companies in India.
- Zomato is an Indian restaurant food collectorand food delivery service that offers details on restaurants, menus, ordering services, delivery, and customer reviews. Customers canorder food from partnered food outletsfor delivery. Alibaba has contributed about $150 million to Zomato.
CHINESE COMPANY LIST THAT FUNDS INDIAN COMPANIES
The Chinese company list that funds Indian companies are as follows –
- Ant Financial/Alibaba Group – Big Basket, PayTM, Snapdeal, Zomato
- Tencent – Byju’s, Hike, Swiggy, Dream 11, Flipkart, Ola, Policy Bazaar, Udaan
- Hillhouse Capital Group – Udaan, Swiggy
- Meituan – Swiggy
- Didi Chuxing – Ola, Oyo Rooms
- Shunwei – Zomato
- Foshun – Delhivery
- China Eurasian Economic Cooperation Fund – Ola
- China Lodging Group – Ola, Oyo Rooms
- Steadview Capital – Policy Bazaar, Quikr, Dream 11, Flipkart, Ola, Unacademy, Ninja Cart, Urbanclap,
IndWealth, Lenskart, Nykaa.
This article highlights the Chinese company list that funds Indian companies.
Chinese funders haveunderstood the capability of the Indian start-ups gradually. They are drawn to making investments in India sinceit provides a positive risk-reward ratio and is still the world’s second fastest risingeconomy. Over 18 Indian unicorns or start-upshave obtained investment from Chinese companies, accumulating $3.9 billion in 2019. However, due to the intensifying hostility between the two nations, acquiring additional investment capital from China is becoming exceedingly challenging for these unicorns.
The Chinese-funded businesses in India are presently in threat as conflicts on the Indo-China border grow. India’s citizens are increasingly rejecting Chinese industries and companies that sell their goods and servicesin the nation. As a consequence, Indian start-ups supported by Chinese investment are receivinga lot of pushback.
