New Delhi: Chinese investment in the country’s startups increased 12-fold in the last four years and it increased to $ 4.6 billion in 2019. It was $ 381 million in 2016.
Most of the startups (unicorns) with good prospects for growth are supported by Chinese companies and the entire investment units, according to Global Data, a company involved with data and analysis. unicorns are called startups that are valued at one billion dollars or above. Chinese investment in Indian start-ups has increased 12-fold in the last four years, according to the Global Data’s Disaster Intelligence Center based on analysis of transaction data. It was $ 381 million in 2016, which increased to $ 4.6 billion in 2019.
Most of the ‘unicorn’ (17 out of 24) in the country are supported by Chinese companies and pure investment firms. It consists mainly of Alibaba and Tencent. Alibaba and its subsidiary Ant Financial have invested $ 2.6 billion in four Indian Unicorns (Paytm, Snapdeal, Big Basket and Zomato), among others. Tencent, along with others, has invested $ 2.4 billion in five unicorns (Ola, Swiggy, Hike, Dream 11 and Byju’s). Other major Chinese investors investing in the country’s startups include Metuan-Dinping, Didi Chuxing, Fosun, Shunwei Capital, Hillhouse Capital Group and China-Eurasia Economic Cooperation Fund.