List of Indian Companies With Chinese Investment | Indian Startups Funded by China

Arbaz Sayed Arbaz Sayed
Mar 29, 2021 11 min read
List of Indian Companies With Chinese Investment | Indian Startups Funded by China

With the tension escalating at the Indo-China border, the Chinese-funded companies in India are currently at risk. The people of India are now boycotting Chinese manufacturers and organizations that sell their products in India. As a result, Indian startups funded by Chinese investors are also facing severe backlash.

Among India's top 30 companies and startups (entrepreneurial ventures worth over $1 billion), 18 have received funding from the Chinese.

Chinese investors are quick in identifying the potential in Indian startups. They find investing in India enticing because India has an attractive risk-return trade-off and remains the second-fastest growing economy in the world. Chinese investors have funded over 18 Indian unicorns; it amounts to around $3.9 billion in investment in 2019. But the growing conflict between the two countries is making it challenging for these unicorns to receive further investment capital from China.

  1. BigBasket
  2. Dailyhunt
  3. Healofy
  4. Paytm Mall
  5. Paytm
  6. TicketNew
  7. Vidooly
  8. XpressBees
  9. Snapdeal
  10. Zomato
  11. BYJU’s
  12. Ola
  13. Doubtnut
  14. Flipkart
  15. Niyo
  16. Gaana
  17. Khatabook
  18. MX Player
  19. MyGate
  20. Pine Labs
  21. Pocket FM
  22. Practo
  23. Swiggy
  24. Udaan
  25. Hungama Digital Media Entertainment Pvt. Ltd
  26. Marsplay
  27. Oye! Rickshaw
  28. ShareChat
  29. ZestMoney
  30. OYO
  31. PolicyBazaar
  32. Delhivery

BigBasket

Chinese Investor: Alibaba

Indian Companies with Chinese Investment
Bigbasket - Chinese Investment In India

BigBasket is an Indian online grocery delivery service. Alibaba invested in BigBasket in 2018. The investment assists BigBasket in competing with the US-based Amazon and India’s Flipkart. The company's valuation exceeded $1 billion with the help of Chinese investment. The decision to boycott Chinese products affected BigBasket in several ways.

Dailyhunt

Chinese Investor: Alibaba

Indian Companies with Chinese Investment
Dailyhunt - Chinese Investment In India

Dailyhunt is one of the fastest-growing startups in this list. Dailyhunt is an Indian news content aggregator. It is considered as one of the world's top mobile applications for staying abreast of the latest happenings across the globe. With 22 million users and 30 billion page views per month, Dailyhunt has indeed cemented its status in the Indian startup ecosystem. Alibaba holds an investment in Dailyhunt.

Healofy

Chinese Investor: Ant Financial

Indian Companies with Chinese Investment
Healofy - Chinese Investment In India

Healofy is India's largest women-oriented social network; it helps women connect with other women. Healofy raised $1 million in seed fund from Omidyar Network in 2018. Healofy then received $8 million in fresh funding from Alibaba-backed parenting platform BabyTree Group and BAce Capital, a fund anchored by Alibaba’s Ant Financial.

Paytm Mall

Chinese Investor: Alibaba

Indian Companies with Chinese Investment
Paytm Mall - Chinese Investment In India

Paytm launched the Paytm Mall app in Feb 2017. Paytm Mall follows a business to consumer model. It is an e-commerce platform that allows consumers to shop from 1.4 lakh registered sellers. Alibaba invested in Paytm Mall for a 40% stake but refused to fund Paytm Mall further. Paytm is one of the biggest e-commerce organizations to be featured in this list of Chinese-funded companies in India.

Paytm

Chinese Investor: Ant Financial

Indian Companies with Chinese Investment
Paytm - Chinese Investment In India

Paytm is an Indian e-commerce payment system and financial technology organization. Paytm was valued at $10 billion in January 2018. Paytm valuation was $16 billion in 2021. Ant Financial has become the largest shareholder in One97 Communications, the parent company of Paytm, by investing $680 million.

TicketNew

Chinese Investor: Alibaba

TicketNew - Chinese Investment In India
TicketNew - Chinese Investment In India

TicketNew is a privately owned company that provides online ticket booking services for movies, theatre plays and sports. Chinese e-commerce giant, Alibaba has reportedly provided over $30 million in funding to TicketNew and has acquired the ticket booking platform..

Vidooly

Chinese Investor: Alibaba

Indian Companies with Chinese Investment
Vidooly - Chinese Investment In India

Vidooly is an online video analytics and marketing company. It provides video analytics tools and video marketing services. Vidooly raised over INR 15 crores from the Alibaba group.

XpressBees

Chinese Investor: Alibaba

Indian Companies with Chinese Investment
XpressBees - Chinese Investment In India

XpressBees is an e-commerce logistics firm that offers delivery, order management, shipping, and tracking services. Founded in 2015, XpressBees secured over $35 million in funding from Alibaba in 2017. Again in 2019, the e-commerce giant invested $10 million in the logistics starteup.

Snapdeal

Chinese Investor: Alibaba

Indian Companies with Chinese Investment
Snapdeal - Chinese Investment In India

Snapdeal is an Indian e-commerce behemoth. Snapdeal received over $500 million in funding from three of Asia's largest tech companies: Alibaba, Foxconn, and SoftBank. Snapdeal is another e-commerce giant that made it to this list of Chinese-backed companies in India.


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Zomato

Chinese Investor: Alibaba

Indian Companies with Chinese Investment
Zomato - Chinese Investment In India

It is an Indian restaurant aggregator and food delivery start-up that provides information, menus, and user-reviews of restaurants. Zomato also offers food delivery options from partner restaurants. Zomato has raised over $150 million from Alibaba.

BYJU’s

Chinese Investor: Tencent

Indian Companies with Chinese Investment
BYJU'S - Chinese Investment In India

BYJU'S is an Indian educational technology (edtech) and online tutoring firm. It is considered as the largest ed-tech company in the country as well. Tencent, one of Asia's largest valued Chinese tech company investor, has invested in Byju. The amount invested on the ed-tech was undisclosed.

Ola

Chinese Investor: Tencent

Indian Companies with Chinese Investment
Ola - Chinese Investment In India

Ola Cabs is an Indian ride-sharing company offering services that include peer-to-peer ridesharing, ride service hailing, taxi, and food delivery. Ola was founded by Bhavish Aggarwal and Akit Bhati. Ola raised over $1.1 billion in funding from Tencent.

Doubtnut

Chinese Investor: Tencent

Indian Companies with Chinese Investment
Doubtnut - Chinese Investment In India

Another ed-tech company, Doubtnut is an Indian online tutoring platform. Doubtnut operates as an e-learning platform that enables users to ask questions related to Physics, Chemistry, and Math. Tencent provided over $15 million funding to Doubtnut in the year 2020..

Dream11

Chinese Investor: Tencent

Indian Companies with Chinese Investment
Dream11 - Chinese Investment In India

Dream11 is a fantasy sports platform that allows users to play fantasy cricket, hockey, football, kabaddi, and basketball. Tencent has a $100 million investment in Dream11 in the year 2018. Dream11 has become the first Indian gaming company to enter the unicorn club.

Flipkart

Chinese Investor: Tencent

Indian Companies with Chinese Investment
Flipkart - Chinese Investment In India

It is an Indian e-commerce company based out of Bangalore, India. Flipkart was founded in 2007 and has been one of the e-commerce giant in India by serving . Chinese investor Tencent Holdings Β have invested more than $300 million in Flipkart.

Niyo

Chinese Investor: Tencent

Indian Companies with Chinese Investment
Niyo - Chinese Investment In India

Niyo is one of India's largest and fastest-growing fintech ventures with the vision of making banking simple, smart, and transparent for everyone. Niyo got its funding from Tencent, although the amount raised were not disclosed to the public.

Gaana

Chinese Investor: Tencent

Indian Companies with Chinese Investment
Gaana.com - Chinese Investment In India

It is the largest Indian commercial music streaming service. Gaana.com was founded in 2012. Gaana raised over $115 million from the Chinese internet giant Tencent. Again in 2020, Tencent invested $50 million and in 2021 another $40 million on the music streaming app.

Khatabook

Chinese Investor: Tencent

Indian Companies with Chinese Investment
Khatabook - Chinese Investment In India

Khatabook is a mobile app targeted towards small shopkeepers and kirana store owners in India. Khatabook app helps them manage their books by tracking the money owed to them through the means of a digital ledger. Tencent has invested over $75 million in Khatabook app.

MX Player

Chinese Investor: Tencent

Indian Companies with Chinese Investment
MX Player - Chinese Investment In India

MX Player is an entertainment app that offers its viewers quality, digital-first content, it is a very popular OTT service in India for giving access to many exclusive content to it audinence. MX Player gained popularity as an Indian OTT platform. Tencent has invested over $11q million in MX Player in the year 2019.

MyGate

Chinese Investor: Tencent

MyGate - Chinese Investment In India
MyGate - Chinese Investment In India

MyGate is an India-based security and community management app for gated premises. The security management startup raised an undisclosed amount from Chinese tech company Tencent in the year 2019.

Pine Labs

Chinese Investor: Tencent

Pine Labs - Chinese Investment In India
Pine Labs - Chinese Investment In India

Pine Labs is an fintech startup and an Indian merchant platform company. Pine Labs provides financing and last-mile retail transaction technology through its help your business can accept different modes of payment. Tencent has invested and undisclosed amount in Pine Labs.

Pocket FM

Chinese Investor: Tencent

Indian Companies with Chinese Investment
Pine Labs - Chinese Investment In India

Pocket FM is a social audio platform for Indian languages where users can find great quality audio content comprising audiobooks, stories, and podcasts. Tencent invested in this entertainment app, although the amount invested was not disclosed to the public.

Practo

Chinese Investor: Tencent

Practo - Indian Companies with Chinese Investment
Practo - Indian Companies with Chinese Investment

It develops and distributes medical information systems. Practo Technologies Private Limited offers an online software platform that provides automated appointment scheduling, billing solutions, and storage of medical records. Practo raised over $55 million from Tencent.

Swiggy

Chinese Investor: Tencent

Swiggy - Indian Companies with Chinese Investment
Swiggy - Indian Companies with Chinese Investment

Swiggy is one of the most popular a food delivery company in India. Swiggy is one of the unicorn in India and in fact, it is also India's fastest unicorn. In 2018, Tencent invested on Swiggy again in 2020, Swiggy got a good amount funding from Tenvcent. Both the times, the amount is not diclosed.

Udaan

Chinese Investor: Tencent

Udaan - Indian Companies with Chinese Investment
Udaan - Indian Companies with Chinese Investment

Udaan is a network-centric B2B trade platform designed specifically for small and medium-scale businesses in India. Udaan brings traders, wholesalers, and retailers into one place. Udaan raised funds from Tencent,the amount invested was not diclosed.

Hungama Digital Media Entertainment Pvt. Ltd

Chinese Investor: Xiaomi

Hungama Digital Media - Indian Companies with Chinese Investment
Hungama Digital Media - Indian Companies with Chinese Investment

Hungama Digital Media Entertainment serves as an aggregator, developer, publisher, and distributor of Bollywood and Asian entertainment. Xiaomi made its first investment in an Indian company by pouring $25-million in Hungama Digital Media Entertainment.

Marsplay

Chinese Investor: Xiaomi

Marsplay - Indian Companies with Chinese Investment
Marsplay - Indian Companies with Chinese Investment

Marsplay is an online platform that allows users to discover and share fashion and beauty tips. Marsplay Internet Private Limited, the parent company of Marsplay, raised funding from Xiaomi in 2018, although the exact amount was not disclosed.

Oye! Rickshaw

Chinese Investor: Xiaomi

Oye! Rickshaw - Indian Companies with Chinese Investment
Oye! Rickshaw - Indian Companies with Chinese Investment

Oye! Rickshaw is an electric rickshaw mobility platform that connects driver-partners and users. The best part is it is environment-friendly and is on a mission to make people commute without any problem. Oye Rickshaw raised an undisclosed amount of funding from Xiami in 2020.

ShareChat

Chinese Investor: Xiaomi and ShunWei Capital

ShareChat - Indian Companies with Chinese Investment
ShareChat - Indian Companies with Chinese Investment

ShareChat is an Indian Social networking service, and it was incorporated on January 8, 2015. The main attraction of this app is that it support over 15 languages. ShareChat raised funds from Xiaomi and ShunWei Capital, a Chinese venture capital firm. Both the investment amount was not disclosed

ZestMoney

Chinese Investor: Xiaomi

ZestMoney - Indian Companies with Chinese Investment
ZestMoney - Indian Companies with Chinese Investment

ZestMoney is the largest and fastest-growing consumer lending fintech company in India. ZestMoney's platform enables instant approval and disbursal of small-ticket loans. Xiaomi invested an undisclosed amount in ZestMoney in 2018.

OYO

Chinese Investor: Didi Chuxing

OYO - Indian Companies with Chinese Investment
OYO - Indian Companies with Chinese Investment

OYO, the multinational hospitality chain is famous for its budget rooms and it is considered the biggest network of hotels in India. It is also spread in more than 199 cities and serves its people. In the year 2019. Didi Chuxing a transport company invested $100 million in OYO.

PolicyBazaar

Chinese Investor: Tencent

Policy Bazaar - Indian Companies with Chinese Investment
Policy Bazaar - Indian Companies with Chinese Investment

Policy Bazaar is a company that provides online life insurance and general insurance. The Indian multinational fintech company has been here for 14 years and has been serving people. Tencent invested $150 million in PolicyBazaar in the year 2019.

Delhivery

Chinese Investor: Fosun

Delhivery - Indian Companies with Chinese Investment
Delhivery - Indian Companies with Chinese Investment

This Indian logistics and supply chain company's main service is to transport parcels and provide third-party logistics for e-commerce companies. In the year, 2017 Fosun, a Cho9nese conglomerate company invested $3o million in Delhivery.

FAQs

How many Chinese companies are there in India?

There are 105 Chinese companies in India.

Is BigBasket funded by China?

BigBasket is an Indian online grocery delivery service. Alibaba invested in BigBasket in 2018. The investment assists BigBasket in competing with the US-based Amazon and India’s Flipkart. The company's valuation exceeded $1 billion with the help of Chinese investment.

Is flipkart funded by China?

Flipkart is an Indian e-commerce company based out Bangalore, India. Chinese investors like Tencent Holdings and Steadview Capital have invested more than $300 million in Flipkart.

Is Paytm owned by China?

Paytm launched the Paytm Mall app in Feb 2017; Paytm Mall follows a business to consumer model. It is an e-commerce platform that allows consumers to shop from 1.4 lakh registered sellers. Alibaba invested in Paytm Mall for a 40% stake but refused to fund Paytm Mall further.

What are the Chinese Investment Companies in India?

Top Chinese Investment Companies in India are:

  • Tencent
  • Alibaba
  • Xiaomi

How many Chinese companies are listed in Indian stock market?

There are a total of 16 Chinese FPIs registered in India.

What are the top companies that received funding from Chinese company in India?

Top companies that received funding from Chinese company in India are:

  • Bigbasket
  • Dailyhunt
  • Paytm
  • Dream11
  • Ola
  • BYJU's
  • Flipkart
  • Swiggy
  • Udaan
  • Practo

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