Chinese companies have been investing heavily in the Indian tech sector – particularly startups in the web and mobile spheres. Earlier this year, Chinese online travel company Ctrip joined the trend with a 180 million USD investment in the Indian travel portal MakeMyTrip.
China’s largest search engine, Baidu, is reportedly in talks with several Indian e-commerce startups, including Zomato, BookMyShow and BigBasket. Another Chinese tech giant, Alibaba, recently acquired a 20 percent stake in One97 Communications, the parent company of India based online retailer Paytm. Alibaba has a strong recent history of investing in India, having heavily funded Snapdeal, India’s leading online marketplace, in 2015. In addition to its investments in Indian startups, the company has reportedly made plans to establish a direct presence in the Indian market.
Other examples of Chinese investment in the Indian tech sector include Tencent Holdings’ 90 million USD funding round in August 2015 for Practo, a healthcare information provider based in Bengaluru. The largest cab-hailing service in India, Ola, raised 500 million USD in a funding round led by China’s largest taxi-hailing service provider, Didi Kuwaidi, in September 2015.
Chinese investment in Indian technology is being called “a deluge”, and a potential sign that Chinese investors are recognising the enormous potential in India’s tech sector. In a statement regarding its Indian investment plans, Chinese company Didi Kuaidi asserted that “We believe both India and China are rapidly developing countries with enormous market potential. Didi Kuaidi looks to engage local industry champions like Ola to share technology and best practices in product development and operational expertise – all honed from deep market-data-driven operations.”
Naseba has built close relationships with a number of investors based in China. Our investor analysts are in daily contact with these investors in order to fully understand their needs and mandates. This in-house research has revealed a trend of Chinese investors planning to invest in foreign technology.
On December 7th, 2016, Naseba will be organising the Tech Investors Meeting in Shanghai, China. At the meeting, pre-screened Chinese investors will be introduced to pre-qualified technology investment opportunities from around the world.
To learn more, contact:
Naseba investor introduction
+971 4 455 7954