Top Chinese Investors in Indian Startups Ecosystem

Yash Taneja Yash Taneja
Apr 14, 2022 4 min read
Top Chinese Investors in Indian Startups Ecosystem

Chinese investors have had a significant presence in the startup ecosystem In India. After the recent dispute at the Indo-China border, the Indian public is actively participating in the #BoycottChineseProducts movement. This has also resulted in the boycott of the services and products offered by different startups that have received investments from different Chinese companies.

However, there are many different Chinese companies that have invested huge amounts in many startups across the country. Many startups in India have been receiving investments worth millions of dollars from different Chinese companies that wish to establish themselves in the Indian market. And they have been quite successful in this by investing in big and popular startups and companies in India.

In this article, we discuss the top Chinese investors in the Indian Startup Ecosystem and their investments.

Top Chinese Investors in India

Alibaba Group
Tencent Holdings
Fosun Group
Shunwei Capitals
Hillhouse Capital Group

Alibaba Group

Alibaba Group is probably the topmost Chinese company that has invested in many Indian startups over the years, this multinational tech company was founded in the year 1999. Some of the biggest Indian startups and companies in which The Alibaba Group has invested include the Online Food Ordering and Delivery startup Zomato, Payments startup PayTM, and e-commerce startups such as Paytm Mall and SnapDeal and online grocery Store BigBasket.

Startup Name Startup Founder Amount
BigBasket Hari Menon, VS Sudhakar and Vipul Parekh $246 million
PayTM Vijay Shekhar Sharma $1.1 billion
Snapdeal Kunal Bahl and Rohit Bansal $150 million
Zomato Deepinder Goyal $512 million

Tencent Holdings

Tencent Holdings, or simply Tencent, is another Chinese technology and entertainment conglomerate that has hugely invested in Indian startups. It was founded in the year 1998. This company has invested in many different startups and companies such as PolicyBazaar, e-commerce store Flipkart, Online Taxi Booking startup Ola and Food Delivery Company Swiggy.

Startup Name Startup Founder Amount
MX Player Karan Bedi $110 million
PolicyBazaar Yahishis Dahiya, Avaneesh Nirjar and Alok Bansal $150 million
Ibibo Ashish Kashyap Undisclosed
Doubtnut Tanushree Nagori and Aditya Shankar $15 million
Swiggy Sriharsha Majety, Rahul Jaimini and Nandan Reddy Undisclosed
Flipkart Binny Bansal and Sachin Bansal Undisclosed
Byju Byju Raveendran and Divya Gokulnath $40 million
Hike Kavin Bharti Mittal $175 million
Dream11 Bhavit Sheth and Harsh Jain $100 million
Ola Bhavish Aggarwal and Ankit Bhati $400 million

Fosun Group

The Fosun Group has been investing in Indian startups for a long time, keeping its main focus on Tech-based startups. It has invested in many startups including Delhivery, LetsTransport and others. Instead of investing large in big startups like the others that are already mentioned, Fosun Group mainly focuses on small tickets for relatively small startups. The group has its presence all around the world.

Startup Name Startup Founder Amount
MakeMyTrip Deep Kalra Undisclosed
Delhivery Sahil Barua, Suraj Saharan and Kapil Bharati, $30 million
LetsTransport Pushkar Singh, Sudarshan Ravi and Ankit Parasher $12 million

Shunwei Capitals

Shunwei Capitals has invested in many startups over the past years. It is a venture capital firm situated in Beijing, China. It was founded in 2011 by Lei Jun. In November of 2008, they raised around 1.2 billion dollars for investments in Indian startups.

Startup Name Startup Founder Amount
ZestMoney Lizzie Chapman and Ashish Anantharaman $13.4 million
Vokal Mayank Bidawataka and Aprameya Radhakrishna $6.5 million

Hillhouse Capital Group

Hillhouse Capital Group is one of the most famous private equity firms in Asia. It has invested in some well-known startups in India. The company was founded in the year 2005 by Zhang Lei.

Startup Name Startup Founder Amount
Udaan Amod Malviya, Vaibhav Gupta, Sujeet Kumar Undisclosed
Swiggy Sriharsha Majety, Rahul Jaimini and Nandan Reddy Undisclosed


China has maintained a firm grip on the Indian market by funding and investing in various startups and companies all across the country. Even after the tension regarding the Indo-Chinese dispute, Chinese companies are associated with some Indian startups. Some of the most popular and well known Indian startups got funds from these Chinese companies and with their promising future, more and more Chinese companies are looking forward to investing in them and other startups


Have Chinese companies invested in Indian companies?

There are multiple Chinese companies that have invested in Indian startups.

Is BYJU funded by China?

Chinese conglomerate Tencent Holdings has invested in the Indian ed-tech startup Byju.

Who founded Alibaba Group?

Alibaba is founded by Jack Ma in 1999.

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