A report published by the Gateway House, a think tank associated with the Indian Council on Global Relations, estimates Chinese technology investment of $ 4 billion in Indian startups.
China's internet giant Alibaba Group and its affiliate Ant Financial, Tencent Holdings, and Fosun RZ Capital have poured in several hundred million dollars into a large number of Indian startups, including unicorns such as Paytm, Zomato, Delhivery, BigBasket, PolicyBazaar, Udaan, Oyo Hotels & Homes, Ola, and Dream11.
Here's a list of Chinese Funded Companies in India (List of Indian start-ups funded by Chinese Investors):
Paytm (Pay Through Mobile) is an Indian electronic payment and e-commerce company valued at US$ 16. 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 has now raised over $625 million.
Funding and shareholding in Paytm
Vijay Shekhar Sharma
SoftBank Vision Fund
2. Hike Messenger
It is a cross-platform instant messaging service 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 one of the largest e-commerce companies in India and has now raised $ 1.58 billion (about Rs 10,112 crore) from 23 investors. Its top investors are SoftBank, Kalaari Capital, Nexus Ventures, and eBay Inc. You will be surprised to know, that it’s one of the investor SoftBank Group has the largest shareholder in Chinese e-commerce giant Alibaba Group Holding Ltd.
It is a mobile app-based transportation network companies. 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.
5. 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 an Indian e-commerce Company (now owned by Walmart), which was founded in 2007 by two IITians (Delhi) Sachin Bansal and Binny Bansal. Recently, it has raised the biggest ever start-up funding from Tencent Holdings Ltd, eBay Inc., and Microsoft Corp.
Apart from this list there are many more such companies that receive Chinese funding. The above list of Chinese Funded Companies in India hits that the economic development of India and China is dependent on the progress of each other.