| A | B | C | D | E | F | G | H | I | J | K | |
|---|---|---|---|---|---|---|---|---|---|---|---|
1 | 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) | ||||||
2 | 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.com | For 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 | ||||||
3 | Total Investment | $5,386,735,000 | |||||||||
4 | Chinese Company | Indian Company | Investment Details | Source of Data | |||||||
5 | Name | Industry | Name | Type | Investment Value (US$ ) | Equity Stake | Date/s of Investment/s | Aditional Notes | |||
6 | Alibaba Group (AG) | Tech Conglomerate | XpressBees (Parent: FirstCry) | Logistics | $100,000,000 | undisclosed minority | January 2 2017 | ||||
7 | Snapdeal | ecommerce | $500,000,000 | Undisclosed (<10%) | August 2015 | Heritage Foundation Tracker | https://techcrunch.com/2015/08/18/snapdeal-alibaba-softbank-foxconn/ | ||||
8 | Big Basket (parent Innovative Retail Concepts Pvt) | ecommerce (grocery) | $200,000,000 | 25% | December 2017 | https://www.bloomberg.com/news/articles/2017-12-08/alibaba-is-said-to-invest-200-million-in-india-online-grocer | |||||
9 | Ticket New | ecommerce (entertainment) | $30,000,000 | Undisclosed Majority | August 2017 | https://factordaily.com/ticketnew-alibaba-ticketing-ecommerce/ | |||||
10 | One97 Communication (Paytm Parent) | ecommerce and fintech | $857,000,000 | >50% | Feb 2015 - September 2015 - 2nd March 2017 | http://www.livemint.com/Companies/LkpKu4425fHKDXOG7yIKlN/Paytm-Ecommerce-in-talks-to-raise-up-to-200-million-from-A.html | |||||
11 | Ant Financial Services (AG affiliate) | Fintech | http://www.businesswire.com/news/home/20150928006763/en/Alibaba-Group-Ant-Financial-Enter-Strategic-Investment | Heritage Foundation Tracker | |||||||
12 | Vidooly | video sharing | $2,000,000 | Undisclosed | Feb 2019 | https://inc42.com/buzz/alibaba-backs-indian-video-intelligence-platform-vidooly/ | |||||
13 | Zomato | ecommerce (F&B) | 150000000 | Feb 2018 | https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/alibabas-ant-financial-invests-200-mn-in-zomato/articleshow/62758235.cms | ||||||
14 | Total | $1,839,000,000 | |||||||||
15 | APUS Group | SIFTR labs | AI based photography curation | Undisclosed | Aquisition | March 29 2017 | http://www.thehindubusinessline.com/info-tech/apus-group-acquires-siftr-labs/article9605891.ece | ||||
16 | Ola | Ride sharing | $400,000,000 | Undisclosed | October 2017 | https://www.reuters.com/article/us-ola-fundraising/indias-ola-raises-1-1-billion-in-tencent-softbank-led-round-seeks-another-1-billion-idUSKBN1CG0GX | Heritage Foundation Tracker | ||||
17 | Tencent | Tech Conglomerate | Flipkart | ecommerce | $700,000,000 | Undisclosed | April 2017 | https://qz.com/954620/flipkarts-1-4-billion-funding-chinas-online-giant-tencent-jumps-into-indias-e-commerce-frenzy/ | Heritage Foundation Tracker | ||
18 | Pepo | $2,400,000 | Undisclosed | 2017 | Officially based in Palo Alto but with operations in India + Indian co-founder | https://the-ken.com/chinas-internet-big-three-alibaba-tencent-baidu/ | |||||
19 | Byjiu's Classes | e-learning | $40,000,000 | Undisclosed | July 2017 | ||||||
20 | Ibibo Group | $250,000,000 | Undisclosed | February 2016 | |||||||
21 | Gaana | Music | $150,000,000 | Undisclosed | Feb 18 2018 | https://www.medianama.com/2018/02/223-gaana-gets-funding-of-115-million-from-tencent-and-its-parent-times-internet/ | |||||
22 | Hike | Messaging | $175,000,000 | Undisclosed | August 2016 | https://techcrunch.com/2016/08/16/indias-whatsapp-rival-hike-raises-175m-led-by-tencent-at-a-1-4b-valuation/ | |||||
23 | Practo Technologies Pvt Ltd, | Digital healthcare platform | $145,000,000 | Undisclosed | 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/ | ||||
24 | Total | $1,862,400,000 | |||||||||
25 | Bytedance | Content | Daily Hunt | Content aggregation | $25,000,000 | Undisclosed minority | October 2016 (Series D ) | https://www.techinasia.com/dailyhunt-raises-25-million-funding-from-bytedance-of-china | |||
26 | Cheetah Mobile | Content | Cheetah Mobile India Private Limited | ||||||||
27 | Ctrip | Travel | Makemytrip | ecommerce (travel) | 345,000,000 | 10.00% | January 2016 & May 2017 | 2nd 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 |
28 | Didi Chuxing | Travel | Ola | Ride sharing | $30,000,000 | Undisclosed | 2015 | https://techcrunch.com/2015/09/27/chinas-didi-kuaidi-confirms-its-invested-in-indias-ola-as-uber-car-rivalry-heats-up/ | |||
29 | Foxconn | consumer tech hardware | Hike | Messaging | $175,000,000 | Undisclosed | August 2016 | Total rount | https://techcrunch.com/2016/08/16/indias-whatsapp-rival-hike-raises-175m-led-by-tencent-at-a-1-4b-valuation/ | ||
31 | Meituan-Dianping | e-commerce and services | Swiggy | ecommerce (F&B) | $100,000,000 | undisclosed | February 2018 | Total US$100 million funding round led by Naspers | http://www.thehindu.com/business/naspers-meituan-dianping-invest-100-mn-in-swiggy/article22695577.ece | ||
32 | Miteno Communication Technology Co | advertising | media.net | adtech | 900,000,000 | acquisition | 2016 | Very little out there on a clear outlier on this list: full aquisition nearly at 1bn by a no-name Chinese company, | |||
33 | Xiaomi Technologies | ShareChat | Videosharing | $83,830,000.00 | Series B + D | ||||||
34 | consumer tech hardware | Krazybee | e-commerce flexible payment platforms for students | $8,000,000.00 | undisclosed | Series 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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