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

Arbaz Sayed Arbaz Sayed
Oct 25, 2021 10 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.

List of Indian Companies With Chinese Investment

Conclusion
FAQs

Here is the list of Chinese-funded companies in India.

List Of Chinese Funded Companies In India
List Of Chinese Funded Companies In India
list of indian companies with chinese investment | Indian startups funded by chinese investors

List of Indian Companies With Chinese Investment

BigBasket

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

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

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

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

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


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TicketNew

TicketNew is a privately owned company and provides online ticket booking services for movies. Alibaba has reportedly provided over $30 million in funding to TicketNew.

Vidooly

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

XpressBees is an e-commerce logistics firm that offers delivery, order management, shipping, and tracking services. XpressBees secured over $10 million in funding from Alibaba.

Snapdeal

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 who made it to this list of Chinese-backed companies in India.

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Zomato

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


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BYJU’s

BYJU'S is an Indian educational technology (edtech) and online tutoring firm. Tencent, a Chinese investor, has invested in BYJU's. BYJU's has secured funding from a few individuals, the Chan Zuckerberg Initiative (CZI), Tencent, Sofina, Lightspeed Venture Partners, and others.

Ola

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

Doubtnut

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 in funding to Doubtnut.

Dream11

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. Dream11 has become the first Indian gaming company to enter the unicorn club.

Flipkart

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


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Niyo

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 raised over $35 million from Horizons Ventures, Tencent, and JS Capital LLC combined.

Gaana

Gaana is the largest Indian commercial music streaming service. Gaana raised over $115 million from the Chinese internet giant Tencent.

Hike

Hike Messenger is an Indian freeware, cross-platform, instant messaging service. Tencent has invested over $175 million in Hike.

Khatabook

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

MX Player is an entertainment app that offers its viewers quality, digital-first content. Tencent has invested over $110 million in MX Player.


Top Chinese Investors In The Indian Startup Ecosystem
Chinese investors have had a significant presence in the startup ecosystem InIndia. After the recent dispute at the Indo-China border, the Indian public isactively participating in the #BoycottChineseProducts movement. This has alsoresulted in the boycott of the services and products offered by d…

MyGate

MyGate is an India-based security and community management app for gated premises. MyGate raised $56 million from the Chinese internet giant Tencent, US-based Tiger Global Management, and JS Capital Management combined.

Pine Labs

Pine Labs is an fintech startup and an Indian merchant platform company. Pine Labs provides financing and last-mile retail transaction technology. Tencent has invested in Pine Labs.


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Pocket FM

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.

Practo

Practo Technologies Private Limited develops and distributes medical information systems. The company 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

Swiggy is a food delivery company. Swiggy raised $1 billion from Naspers in 2018, and further contributions were made by Tencent.

Udaan

Udaan is a network-centric B2B trade platform designed specifically for small and medium scale businesses in India. It brings traders, wholesalers, and retailers in one place. Udaan raised over $585 million from Tencent, Altimeter, Footpath Ventures, Hillhouse, GGV Capital, and Citi Ventures.

Hungama Digital Media Entertainment Pvt. Ltd

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

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 and others.

Oye! Rickshaw

Oye! Rickshaw is an electric rickshaw mobility platform that connects driver-partners and users. Oye Rickshaw raised a total of $10 million in funding from Xiaomi.

ShareChat

ShareChat is an Indian Social networking service, and it was incorporated on January 8, 2015. ShareChat raised over $18 million from Xiaomi and ShunWei Capital, a Chinese venture capital firm.

ZestMoney

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 over $13.4 million in ZestMoney in 2018.

Conclusion

If the border standoff continues, Chinese investors and organizations may find it difficult to continue with capital investments in India.

FAQs

How many Chinese companies are there in India?

Among India's top 30 companies and startups (entrepreneurial ventures worth over $1 billion are considered), 18 are Chinese-funded. 92 other major Indian organizations are also being funded by Chinese investors.

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.

Which companies are Chinese owned?

Sinopec Group, China National Petroleum, State Grid Corporation, and China State Construction Engineering are some of the largest Chinese companies in the world.

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