List of Indian Companies backed by Chinese investors

Due to the tensions escalating at the border between two countries India and China, the Chinese funded companies in India are currently at risk. The people of India took a stand and started boycotting every Chinese company and their products, this created difficulty for the Chinese funded Indian startups in India.

Chinese investors have found Indian startups valuable and invested in the top startups, the investors have funded over 18 out of 30 unicorns in India which is roughly around $3.9 billion of investments in 2019, but due to growing tension between two countries, these startups might find it difficult for further capital investments.
This is the list of Indian companies backed by Chinese investments.

Foreign investors find investing in India attractive because India has an attractive risk-return trade off and India remains the second-fastest growing economy in the world.


Also read :Chinese Funded Startups in India might find it difficult for capital investments


List of Chinese Funded Indian Companies

Bigbasket

BigBasket is an Indian online grocery delivery service, which delivers groceries to consumers. In 2018 Alibaba invested in BigBasket which will help BigBasket compete over other US-based Amazon and India’s Flipkart. the company's valuation raised up to $1 billion.


Also read: BigBasket - Success Story of India's Largest Online Grocer


Dailyhunt

Dailyhunt is an Indian News and content aggregator and It has been considered as one of the world's top mobile applications for news with 22 million users and 30 billion page views per month. Alibaba invested in news aggregator daily hunt.


Also read: Dailyhunt - Get Your Daily Dose of News and Content in Your Very Own Language


Healofy

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

Paytm Mall

Paytm launched its Paytm mall app in Feb 2017, Paytm mall is a business to consumer model. it is an e-commerce platform that allows consumers to shop from 1.4 lakh registered sellers. Alibaba group invested in Paytm mall and has a 40% stake in the company but further, Alibaba refused to fund Paytm mall.


Also read: Paytm Revolutionizing The Cashless Economy In India [A Case Study]


Paytm.com

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


Also read:#BoycottChineseProduct Forced Paytm to Change Shareholding Pattern On Wikipedia-as per Twitteratis


Ticketnew

TicketNew is a privately owned company and provides online ticket booking services for movies. Alibaba group has reportedly funded over 30 million in ticketnew.

Vidooly

Video is an online video analytics & marketing company that provides video analytics tools & video marketing services. vidooly raised over 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 $R10m funding from Alibaba.

Rapido

Rapido is an Indian online bike taxi aggregator based out of Bangalore, India. Rapido is funded by the Alibaba group.

Snapdeal

Snapdeal is an Indian e-commerce company .snapdeal received over $500 million of funding from three of Asia's largest tech companies: Alibaba, Foxconn, and SoftBank.


Also read: Snapdeal - Catering to 400 million Value-Conscious Indian Consumers!


Zomato

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


Also read: Deepinder Goyal: Zomato Won't Let You Have A Bad Meal!


Byju’s

BYJU'S is the education platform which is an Indian educational technology (ed-tech) and online tutoring firm. Tencent a Chinese investor had invested in byjus.


Also read:How Byju's is Making Millions of Students Fall in Love With Learning


Ola

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


Also read: OLA - Competing World's Most Valued Startup from India


Doubtnut

Doubtnut is an Indian interactive online tutoring platform Doubtnut operates as an e-learning platform that enables users to ask study questions in Physics, Chemistry, and Math. Tencent funded over $15m in  education platform doubnut.

Dream 11

Dream11 is a fantasy sports platform based in India that allows users to play fantasy cricket, hockey, football, kabaddi, and basketball. Tencent leads over $100 million investment in fantasy sports game dream11.


Also read: Dream11 raises $100 million in funds from Tencent Holdings


Flipkart

Flipkart is an Indian e-commerce shopping service. Tencent has invested in flipkart.


Also read: Flipkart - India's Leading E-Commerce Marketplace


Niyo

Niyo is one of India's largest and fastest-growing Fintech with a vision of making banking simple, smart, and transparent for everyone, Niyo raised over $35 million in led by Horizons Ventures, Tencent and existing investor, JS Capital LLC

Gaana

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

Hike

Hike Messenger,  is an Indian freeware, cross-platform instant messaging service. Tencent backed hike with over $175 million.


Also read: Hike Messenger - An Indian Messaging App That Has Gained Popularity Worldwide!


Khatabook

Khatabook is a mobile app that helps small shopkeepers and Kirana store owners in India manage their books by helping them track the money owed to them through the means of a digital ledger. tencent has invested over $75 million in khatabook.

MXPlayer

MX Player,  is an entertainment app offering its viewers quality, digital first content. Tencent funded over $110 million to MX player.

Mygate

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

Pine labs

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

Pocket FM

Pocket FM is a social audio platform for Indian languages where users can find great quality audio shows ranging from Audiobooks, Stories, 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 Chinese investor Tencent.

Swiggy

Swiggy is a food delivery business. In 2018 Online food delivery startup Swiggy has raised $1 billion by Naspers and further contributions were made b Chinese investor Tencent.

Udaan

Udaan is a network-centric B2B trade platform, designed specifically for small & medium businesses in India. It brings traders, wholesalers, 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. serve as a serve as an aggregator, developer, publisher, and distributor of Bollywood and Asian entertainment.xiaomi made its first investment in an Indian company, leading a $25-million investment into Hungama Digital Media Entertainment.

Marsplay Internet

Marsplay is an online platform that allows users to discover and share fashion and beauty tips. Marsplay internet raised funding from different investors including Chinese investor Xiaomi

Oye! Rickshaw

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

Sharechat

ShareChat is the Indian Social networking service, it was incorporated on Jan 8, 2015. Share chat raised over $18 million by Xiaomi and Chinese venture capital firm ShunWei Capital.


Also read: ShareChat - Entertaining the regional audience with amazing content!


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 zest money in 2018.

Conclusion  

With the tensions escalating at the border has created many hurdles in the companies who are heavily invested by Chinese investors if the border standoff continues then the companies might find difficulty in capital investments in future.

Author image

About Arbaaz sayed

Content editor at startuptalky