Mega corporations, from Alibaba’s Alipay to Didi Chuxing, Xiaomi and Tencent, are well-entrenched in the Indian startup ecosystem, having backed the likes of Paytm , Swiggy and Ola.But now these tech giants and other early entrants such as CDH Investments, BAce Capital, Qiming Venture Partners, Morningside Ventures, Fosun, Hillhouse Capital, GGV Capital and Meituan are also accelerating investment activity.
This is especially true in sectors such as fintech, social commerce and content, said a founder who recently raised money from Tencent.
“However, even with this exposure, their India allocation is quite small compared with the overall corpus,” he added.Over the past few months, Chinese venture funds like Shunwei Capital, CDH Investments, Hillhouse, GGV, Mount Judi Ventures, Morningside Ventures, Tencent and Fosun have hired investment professionals in India as they look to step up deals.Others are relying on investment banks and networks to reach out to entrepreneurs.
In October, ET had reported that China’s investment banking majors, including TH Capital, China International Capital Corporation and Industrial & Commercial Bank of China, are on the lookout for deals in India.
Also keen on investing are emerging investment banks such as Fanzhou Capital and Fusion Capital. | To read full story, visit https://startuparound.com/read/1580180405.9729493/Starved-of-openings,-Chinese-Cos-cross-Great-Wall-to-India?ref=audio_experience