List Of Chinese-Backed Companies In India

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.

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

List Of Chinese Funded Companies In India
List Of Chinese Funded Companies In India
Chinese Funded Startups might find it difficult for capital investments
Due to the ongoing military standoff at the Indo-China border, Chinese fundedstartups may face challenges in raising capital for their businesses. Chineseinvestors have found Indian startups valuable and deeply invested in topstartups like Paytm, Zomato, BigBasket, and many more but soon these st…

List Of Indian Companies With Chinese Investment


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.

BigBasket Success Story - India’s Largest Online Grocer
Today, BigBasket is the India’s largest online grocer that receives over 100,000orders per day. Online grocery shopping is fast gaining popularity among theIndians. According to a Redseer report, India’s online grocery retail market isall set to touch $10.5 billion by 2023. A company that holds a…


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.

Dailyhunt Success Story - Latest News | Business Model | Revenue | Owner |
We no longer have to wait for the newspaper to get the latest news, nor do werequire to wait till we reach home and switch on the TV to know the breakingnews. With mobile phones and fast and cheap internet services, news andinformation is now much easier to access. Wondering! Which Country App i…


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 Bringing Cashless Revolution In India | Paytm Case Study
Paytm is India’s biggest versatile installments, e-wallet, and business stage.Even though it began as an energizing stage in 2010, Paytm has changed its planof action to become a commercial center and a virtual bank model. It is likewiseone of the pioneers of the cashback plan of action. The orga…

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.

#Boycottchineseproduct Forced Paytm to Change Shareholding Pattern On Wikipedia-as per Twitteratis
Latest Indo-china border face-off lifted the #boycottchineseproduct trendinsanely. Thus it becoming a serious headache for all the Chinese funded IndianCompanies. Hence, we have noticed a major change in Paytm’s shareholding Patternon Wikipedia. In March 2015, Alibaba took 40% stock in Paytm as…


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 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.

Jack Ma: China’s Richest Man And Co-Founder Of Alibaba| Jack Ma Story
Quite often you would come across motivational and awe inspiring posts of howJack Ma dealt with his struggles. Jack Ma’s net worth is $44.3 billion, Jack Mais China’s richest man and one of the richest individuals in the world. Startinghis career as an English teacher, he co-founded one of the la…


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 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.

Snapdeal Company Profile - Catering to 400 million Value-Conscious Indian Consumers!
How easy have our lives been ever since e-commerce portals came into action! Oneof these, Snapdeal makes online shopping a boom with its coupons and vouchersfor the consumers. Founded by Kunal Bahl and Rohit Bansal in February 2010, Snapdeal is an Indian e-commerce company based out of New Delhi.…


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.

The Secret Behind Rapid Growth Of FoodTech Services In India | FoodTech Industry
Applied technologies to food innovation is a part of sustenance science thatmanages the generation forms that make Foodtechs. An early logical investigationinto Foodtech innovation focused on sustenance safeguarding. Nicolas Appert’simprovement in 1810 of the canning procedure was an unequivocal …


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.

Byju’s Success Story- Latest News, Founder, Business Model, How it Started
Imagine you are sitting in a packed class, and the teacher is explaining animportant concept. While it’s seeming that everyone else is understanding theconcept and nodding their head in unison, you are feeling a bit off beat, asevery word being explained is simply getting bounced off your head. D…


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

OLA Success Story - Full Form, Story, Founder, Business Model, Funding History, Team, News
‘Ola’, the company needs no introduction. The first Indian cab aggregatorcompany, Ola has made availing cab services a smooth experience. Owned by ANITechnologies Pvt. Ltd., and formerly known as OlaCabs, Ola was started in Dec2010 by two IIT Bombay [/mumbai-startups/] graduates. Ola serves as an…


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 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 raises funds from Tencent Holdings
Dream11, Mumbai based fantasy sports platform have closed a $100 million SeriesD funding led by Tencent, a Chinese multinational investment company. Existinginvestors Kalaari Capital and private equity firm Multiples Alternate AssetManagement also participated in the funding round. Tencent has e…


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.

E-Commerce Market Competition Brings War Of Sales To Benefit Consumer End
Amazon [/tag/amazon/] Vs Flipkart [/tag/flipkart/]Time for the evoking battle in global e-commerce market [/tag/ecommerce/] competition is around the corner. A comparative study about the pros and cons ofthe giants’ tie up in Indian retail market [/tag/ecommerce-retail/] to throwlight on the cha…


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


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

Hike Messenger - An Indian Messaging App That Has Gained Popularity Worldwide!
Company Profile is an initiative by StartupTalky to publish verified informationon different startups and organizations. The content in this post has been approved by the organization it is based on. Development in the communication sector has been fast and amazing. From letters,to landline phon…


Khatabook is a mobile app targeted towards small shopkeepers and kirana store owners in India. It 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.

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

India China Standoff: Telecom Ministry Of India strictly orders MTNL BSNL to Ban Chinese Equipments
Telecom Ministry of India has taken a major step against the boycotting ofChinese goods movement. They have given orders to the MTNL, BSNL and other bigprivate companies to ban all the Chinese based deals and all the equipment theyhave been using. This has been a major economic decision that has…

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

Amul Vs China, A Bittersweet War of Tweets
Amul India twitter account was blocked for sometime resulting outrage in public,but the social networking site on Saturday told people that the account wasrestricted because of platform’s security operations. The Amul twitter account was blocked on the evening of June 4 but was restoredby June…


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 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 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.

ShareChat - Entertaining the regional audience with amazing content!
The evolution of social networking platforms only dates back to a decade beforewhen the smartphones and the internet revolutionized the way peoplecommunicated. With the vision of providing great communication and then anetworking platform, in October 2015, ShareChat was founded by three IITiansf…


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.


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

Frequently Asked Questions About Chinese-Funded Companies

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.

Author image

About Arbaz Sayed

Content editor at startuptalky
You've successfully subscribed to StartupTalky
Great! Next, complete checkout for full access to StartupTalky
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.