OPEN SOURCE TRACKER- Chinese Investment in Indian Technology Companies
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About this List: Chinese Internet companies and VC firms are investing in Indian startups at a rapid pace that offers both opportunites and concerns. This list is meant to be a resource for analysts, journalists, students, policy makers, etc. trying to make sense of it all. Companies in scope? Mainland Chinese tech companies whose products fall into artificial intelligence, big data, e-commerce, mobile finance, gaming, news and media, etc. Total Company Investment$5,193,230,000*note on methodology: This figure is a simple total of all figures in column F of sheet 2. In some cases the investment figure by the Chinese VC is reported. However, in many cases only the total figure in an investment round is reported, in which a Chinese VC may lead or participate, along with two or more other investors. To arrive at a figure I have simply divded the total figure by the number of investors. This is clearly not perfect but it is the simplest methodology that is also unlikely to result in an inflated or exagerated figure. Ideas to improve on this are very welcome (devlewis@protonmail.com)
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This list is maintained by Dev Lewis a researcher on technology and China with Digital Asia Hub and Yenching Academy at PKU. Help improve it by updating or making entries. If you would like to edit or delete your entry, please make the changes in this document or email your request to: devlewis@protonmail.comFor policy context and my vision for a technology centric partnership between India and China read my article:https://www.gatewayhouse.in/india-china-tech-upgrade/Total VC Investment*$193,505,000.00
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Total Investment$5,386,735,000
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Chinese Company Indian CompanyInvestment Details Source of Data
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NameIndustryNameTypeInvestment Value (US$ )Equity StakeDate/s of Investment/sAditional Notes
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Alibaba Group (AG)Tech ConglomerateXpressBees (Parent: FirstCry)Logistics$100,000,000undisclosed minority January 2 2017
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Snapdealecommerce$500,000,000Undisclosed (<10%)August 2015Heritage Foundation Trackerhttps://techcrunch.com/2015/08/18/snapdeal-alibaba-softbank-foxconn/
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Big Basket (parent Innovative Retail Concepts Pvt)ecommerce (grocery)$200,000,00025%December 2017https://www.bloomberg.com/news/articles/2017-12-08/alibaba-is-said-to-invest-200-million-in-india-online-grocer
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Ticket Newecommerce (entertainment)$30,000,000Undisclosed Majority August 2017https://factordaily.com/ticketnew-alibaba-ticketing-ecommerce/
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One97 Communication (Paytm Parent)ecommerce and fintech$857,000,000>50%Feb 2015 - September 2015 - 2nd March 2017http://www.livemint.com/Companies/LkpKu4425fHKDXOG7yIKlN/Paytm-Ecommerce-in-talks-to-raise-up-to-200-million-from-A.html
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Ant Financial Services (AG affiliate)Fintechhttp://www.businesswire.com/news/home/20150928006763/en/Alibaba-Group-Ant-Financial-Enter-Strategic-InvestmentHeritage Foundation Tracker
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Vidoolyvideo sharing$2,000,000UndisclosedFeb 2019https://inc42.com/buzz/alibaba-backs-indian-video-intelligence-platform-vidooly/
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Zomatoecommerce (F&B)150000000Feb 2018https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/alibabas-ant-financial-invests-200-mn-in-zomato/articleshow/62758235.cms
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Total$1,839,000,000
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APUS GroupSIFTR labsAI based photography curationUndisclosedAquisitionMarch 29 2017http://www.thehindubusinessline.com/info-tech/apus-group-acquires-siftr-labs/article9605891.ece
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OlaRide sharing$400,000,000UndisclosedOctober 2017https://www.reuters.com/article/us-ola-fundraising/indias-ola-raises-1-1-billion-in-tencent-softbank-led-round-seeks-another-1-billion-idUSKBN1CG0GXHeritage Foundation Tracker
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Tencent Tech ConglomerateFlipkartecommerce$700,000,000UndisclosedApril 2017https://qz.com/954620/flipkarts-1-4-billion-funding-chinas-online-giant-tencent-jumps-into-indias-e-commerce-frenzy/Heritage Foundation Tracker
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Pepo$2,400,000Undisclosed2017Officially based in Palo Alto but with operations in India + Indian co-founderhttps://the-ken.com/chinas-internet-big-three-alibaba-tencent-baidu/
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Byjiu's Classese-learning$40,000,000 UndisclosedJuly 2017
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Ibibo Group$250,000,000UndisclosedFebruary 2016
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GaanaMusic$150,000,000UndisclosedFeb 18 2018https://www.medianama.com/2018/02/223-gaana-gets-funding-of-115-million-from-tencent-and-its-parent-times-internet/
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HikeMessaging$175,000,000UndisclosedAugust 2016https://techcrunch.com/2016/08/16/indias-whatsapp-rival-hike-raises-175m-led-by-tencent-at-a-1-4b-valuation/
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Practo Technologies Pvt Ltd,Digital healthcare platform$145,000,000Undisclosed August 2015 (Series C) January 2017 ( Series D)https://www.vccircle.com/tencent-leads-55-mn-round-practo-3-new-investors-get-board/?logintype=premium/
http://techcircle.vccircle.com/2015/08/06/practo-raises-90m-from-chinas-tencent-sofina-google-capital-yuri-milner-others/
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Total$1,862,400,000
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BytedanceContent Daily HuntContent aggregation$25,000,000Undisclosed minority October 2016 (Series D )https://www.techinasia.com/dailyhunt-raises-25-million-funding-from-bytedance-of-china
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Cheetah Mobile Content Cheetah Mobile India Private Limited
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CtripTravelMakemytripecommerce (travel)345,000,00010.00%January 2016 & May 20172nd Round funding reported participating in a 330 million funding round with Nassper. Unconfirmed in Latest earnings report (Q3 2017)https://www.prnewswire.com/news-releases/ctrip-announces-investment-in-makemytrip-300200942.html
http://ir.ctrip.com/phoenix.zhtml?c=148903&p=irol-reportsother
https://tech.economictimes.indiatimes.com/news/internet/makemytrip-to-raise-330-million-from-naspers-ctrip-and-others/58491501
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Didi ChuxingTravelOlaRide sharing$30,000,000Undisclosed2015
https://techcrunch.com/2015/09/27/chinas-didi-kuaidi-confirms-its-invested-in-indias-ola-as-uber-car-rivalry-heats-up/
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Foxconn consumer tech hardwareHikeMessaging$175,000,000UndisclosedAugust 2016Total rounthttps://techcrunch.com/2016/08/16/indias-whatsapp-rival-hike-raises-175m-led-by-tencent-at-a-1-4b-valuation/
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Meituan-Dianpinge-commerce and servicesSwiggyecommerce (F&B)$100,000,000undisclosedFebruary 2018Total US$100 million funding round led by Naspers http://www.thehindu.com/business/naspers-meituan-dianping-invest-100-mn-in-swiggy/article22695577.ece
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Miteno Communication Technology Co advertisingmedia.netadtech900,000,000acquisition2016Very little out there on a clear outlier on this list: full aquisition nearly at 1bn by a no-name Chinese company,
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Xiaomi Technologies ShareChatVideosharing$83,830,000.00Series B + D
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consumer tech hardwareKrazybee e-commerce flexible payment platforms for students $8,000,000.00undisclosedSeries A October 2017$8m investment includes share with Xiaomi Technologies (common shareholders).
https://tech.economictimes.indiatimes.com/news/startups/krazybee-raises-8-million-from-xiaomi-tech-and-others/61111187
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