With the start-up industry in India booming, investors are always vying to get a share in this rising market. Naturally the Chinese investors are not left far behind. A group of Chinese investors are now looking to invest in the Indian start-up industry.
Baiidu, Alibaba Group and Tencent Holdings are a few of the groups that want to invest in the Indian scenario.
“India is the last big frontier for the global mobile Internet. BAT as global heavyweights will definitely play a role in shaping this ecosystem. Given their investment track record and deep sector expertise, I think many Indian startups would welcome their participation,” Vikram Vaidyanathan, managing director at Matrix Partners India, told Economic Times recently.
“(Alibaba Group) has invested close to $1 billion (in Indian startups), which is the largest from China,” said Vijay Shekhar Sharma, Founder and Chief Executive of Paytm. “They have the sharpest focus among the three,” he added.
Owner of mobile app WeChat, Tencent invested in online healthcare startup Practo as part of a $90-million funding round in August.
BAT is focussing on start-ups in sectors such as real estate, travel, education, etc, according to a Business Insider report.