The border dispute between India and China in the Galvan Valley of Ladakh is by far the worst. The armies of both countries are face to face. At the same time, in the last five-six years, the pace of investing in Indian companies in China has been increasing continuously. This is expected to strengthen its hold in the Indian market.
Increasing tensions will harm both countries, but India may be affected more. Many big Chinese companies have increased investment in India. China has a major stake in 18 out of 30 unicorns in India, ie a company with a valuation of one billion dollars (about Rs 7600 crore) or more.
The highest investment of $ 1666 million in 2017 during the last 7 years
According to the report, Chinese companies invested $ 51 million in Indian companies in 2014. It increased to $ 1230 million in 2019 i.e. between 2014 and 2019 China has invested a total of $ 5.5 billion in Indian startups. Chinese companies that have invested in India include biggies including Alibaba, Tenshet and TR Capital.
China’s stake in 18 of India’s 30 unicorns Mumbai’s foreign affairs thinks tank ‘Gateway House’ has identified 75 companies in India that offer services like e-commerce, fintech, media / social media, aggregation services and logistics. And China has an investment in them. According to a recent report, China has a major stake in 18 out of 30 unicorns in India. Unicorn is a private startup company with a valuation of one billion dollars or more. The report said that China has occupied India due to high investment in the technology sector.
China’s highest investment of $ 880 million in Citius Tech startup
|Company||Investor||China’s share in total investment (million dollars)||Total investment in startups (million dollars)||Is the Chinese company the main investor?|
|Citius Tech||Baring Asia||880||992||yes|
|OLA Cab||Tencent, Sailing Capital||451||2759||No|
|Swiggy||Tencent, Hill House Capital||328||1644||No|
|Flipkart||Tencent, TR Capital||No Disclose||7126||No|
|Snapdeal||Alibaba, Tybourne capital||No Disclose||2089||No|
Source: Venture Intelligence
Chinese companies invest in popular Indian startups
More than 70% of the smartphone market, Chinese smartphone makers have taken a hold on the Indian market. The smartphone market in India is around Rs 2 lakh crore. Chinese brands such as Oppo, Xiaomi, and Redmi have captured more than 70% of the mobile market. Similarly, the Chinese brand occupies 45% of the 25 thousand crore television market.
Source link – https://money.bhaskar.com/business/news/monthly-per-capita-data-consumption-in-india-likely-to-reach-25-gb-by-2025-report-127415840.html