How China dominates tech investments in India
The Centre's decision to impose restrictions on investments coming in from neighbouring countries especially China could have an impact on the start up segment.
Chinese investors have already cornered major stake in 18 out of India’s top 30 Unicorns.
A recent report by foreign policy think tank ‘Gateway House: Indian Council on Global Relations,’ has estimated China linked investments in India’s tech start-up sector alone at $4 billion. These investments could be small, but China via tech sector is embedded in Indian society and holds influence due to the nature of tech investments.
Also, China holds control over other widely used foreign apps in India, as per the report published in March 2020.
Chinese investments have come under scrutiny recently in the wake of Covid-19 epidemic, which is said to have been originated in China.
The companies which have major Chinese investments include Big Basket, Byju’s, Delhivery, Dream 11, Flipkart, Hike, MakeMyTrip, Ola, Oyo, Paytm, Paytm Mall, PolicyBazzar, Quikr, Rivigo, Snapdeal, Swiggy, Uddan, Zomato are some where Chinese companies hold stake.