China’s VC investments in Indian start-ups hit $5.6 billion in 2018
22 March 2019 4:02 PM IST
Consumer sector, food-tech, logistics, retail and IoT attracted maximum funds
- The Chinese VC funds surpassed those coming from the US and Japan in 2018.
- According to data collated by research and analytics platform Tracxn, the China’s VC investment into the Indian start-up ecosystem has increased five-fold at $5.6 billion in 2018 compared to a mere $668 million in 2016 and around $3 billion in 2017.
- Among the top Chinese investors that focussed in the Indian market were Alibaba, Shunwei Capital, Fosun Tencent and Xiaomi, which wrote larger cheques last year compared with the previous year.
- According to the Tracxn data, the Chinese VCs have poured in about more than half-a-billion since the beginning of this year.
Next Story
