Asian investors bring new flavour to Indian startups - Times of India
Trend Tracking News: The epicentre of foreign investments in Indian startups is slowly moving from North America to Asia. US-based venture capital firms like Tiger Global
- US-based venture capital firms like Tiger Global and Sequoia Capital continue to dominate startup funding, but they are very clearly giving way to Asian heavyweights like SoftBank , Beenext , Alibaba , and Tencent.
- Data from research firm Venture Intelligence shows that the number of deals involving Chinese investors jumped from 1 in 2013 to 27 in 2018, and deals backed by Japanese investors rose from 3 to 54 in the same period.
- Venture Intelligence data shows that China's investments in Indian startups was at its highest in 2017 at $4.3 billion, a 180% increase in deal count from 2016.
- Pankaj Makkar, MD of Bertelsmann India, the strategic investment arm of Netherlands-based media group Bertelsmann, says the fund started building their portfolio with e-commerce businesses, but over the years has gone on to add other sectors such as fintech, edtech, and logistics.
- Chinese tech conglomerate Tencent, China's Shunwei Capital, and Japan's SoftBank were some of the top active investors in India in 2018, in terms of deal value.