These 5 Big Indian Startups Taking Funds from Chinese Companies

5 Indian startups like Paytm, in which Chinese companies have invested a lot of money
These 5 Big Indian Startups Taking Funds from Chinese Companies
Image Credit: Entrackr

A report published by Gateway House, a think tank associated with the Indian Council on Global Relations, a think tank associated with the Indian Council on Global Relations estimates that Chinese start-ups have about $ 4 billion in technology-related Chinese companies. The list of major startups is as follows: –

Paytm

Image Credit: India Tv
Image Credit: India Tv

Paytm is an Indian electronic payment and e-commerce company. But it is very surprising to know that its 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.

Hike Messenger

Image Credit:Hike.en.softonic.com
Image Credit:Hike.en.softonic.com

It is a cross-platform instant messaging services for smart phones. Recently, a new round of funding has begun, led by Chinese Internet giant Tencent Holdings and Taiwan's Foxconn Technology Group. The valuation of this company is approximately $ 1.4 billion.

Snapdeal

It is one of the largest e-commerce companies in India, which has now raised $ 1.58 billion (about Rs 10,112 crore) from 23 investors. Its top investors are SoftBank, Kalari Capital, Nexus Ventures, and eBay Inc.

Image Credit: The Indian Express
Image Credit: The Indian Express

You will be surprised to know that this investor is one of Softbank Group which is the largest shareholder in Chinese e-commerce giant Alibaba Group Holding Limited.

Ola

Image Credit:Scroll.in
Image Credit:Scroll.in

It is one of the mobile app based transport network companies in India. Chinese car app company Didi Kuaidi has invested in Ola. So far, Ola has raised funds of around Rs 8200 crore through 21 investors.

IBIBO and Make My Trip

Image Credit: be.linkindin.com
Image Credit: be.linkindin.com

India's largest online travel company MakeMyTrip recently bought Ibibo Group and brought together top travel brands such as MakeMyTrip, Goibibo, RedBus, Ride, and Rightstay under one umbrella. Naspers (South African based) and Tencent (Chinese investment holding company) jointly held 91% and 9% stake in Ibibo respectively. They will become the single largest shareholder in the company.

As we know, in this Pandemic of corona, our country's economic condition is getting worse and the reason for all this is use of Chinese goods, because we mostly use domestic or electronic things of China in our daily life. These 5 Big companies are also one of the reasons behind the worse economical condition of India.

Image Credit: Camera24
Image Credit: Camera24

In this way we are growing China's economic system more and also giving them profit in business, hence our Prime Minister Narendar Singh Modi has asked to boycott it.

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