GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
2-min read

Chinese Investors to Fund Indian Start-Ups

The investors include a Cyber Carrier, a Hong Kong-based Chinese internet enterprise that has set up a $30 million initiative fund in January to invest in six Indian start-ups.


Updated:September 28, 2016, 5:55 PM IST
Chinese Investors to Fund Indian Start-Ups
Representative image. (Photo Credit: Getty Images)

Bengaluru: A dozen Chinese investors offered at a technology summit on Sunday to jointly provide funding of about $50 million (Rs.334 crore) for Indian start-ups.

The investors include a Cyber Carrier, a Hong Kong-based Chinese internet enterprise that has set up a $30 million initiative fund in January to invest in six Indian start-ups.

About 150 seed funded start-ups pitched for Series A funding at the two-day summit by presenting their ideas to a 17-member delegation of Chinese investors.

"Each start-up is seeking $4-10 million funding from the Chinese investors, including Carrier, which helps enterprises in FinTech, B2B, e-commerce, healthcare, EdTech and AdTech areas," the summit organisers said in a statement.

Carrier partner Jessica Wong said that a few of the investing delegates were keen on first understanding the Indian market, while other were keen on investing in the start-ups here.

"The delegation varies from people who have invested in over 30 companies globally to a few who are here to understand the Indian eco system," she said.

Participating in the summit, Aarin Capital Partners and former Infosys director T.V. Mohandas Pai said the opportunities for investment in India were immense, as 2,000 start-ups registered across the country in 2015, 1,250 of them got funded.

"The start-up revolution shows the potential and scope of the Indian market, with India, China and the US as growth engines in the near future," he said.

The IT industry employs about 4.5 million techies across the country.

"We have decided to make this (summit) a quarterly event to pilot and facilitate the integration and complementation of technology iteration, market exploration, business model upgrade and capital operation between China and India," said Onionfans chief executive Hutu. Chief Executive Brij said the networking opportunity for start-ups like his was encouraging and motivating, as the Chinese investors were keen to hear out and understand Indian products and ideas.

"Their feedback is helpful and first-time entrepreneurs benefit from events like these. We have received initial interest from the Chinese delegation and are keen to hear back from them," he added. is an experiential marketplace that helps consumers to try out products they are keen on buying instead of seeing pictures online.

The summit was organised by Onionfans, Cyber Carrier, Technology Issue magazine and Xpressn labs.

Also Watch

Read full article
Next Story
Next Story
Most Active
Company Price Change %Gain
HDFC 1,791.40 -38.60 -2.11
Reliance 900.05 -11.75 -1.29
Infosys 1,171.90 -10.60 -0.90
TCS 2,825.70 -44.00 -1.53
ICICI Bank 298.10 -3.35 -1.11
Company Price Change %Gain
HEG 3,144.65 +124.95 +4.14
Maithan Alloys 876.15 +21.60 +2.53
Guj Heavy Chem 277.15 +7.75 +2.88
Larsen 1,267.60 -27.45 -2.12
Godrej Prop 746.45 -6.75 -0.90
Top Gainers
Company Price Change %Gain
HCL Tech 967.60 +8.45 +0.88
M&M 740.75 +5.90 +0.80
Wipro 295.75 +2.35 +0.80
Tech Mahindra 634.70 +2.85 +0.45
Yes Bank 312.90 +1.05 +0.34
Company Price Change %Gain
M&M 741.55 +6.50 +0.88
Wipro 295.75 +2.50 +0.85
Yes Bank 312.90 +0.50 +0.16
HUL 1,299.10 +1.70 +0.13
Top Losers
Company Price Change %Gain
Coal India 278.20 -17.30 -5.85
UltraTechCement 4,026.30 -163.10 -3.89
IOC 184.75 -7.30 -3.80
Tata Motors 339.75 -13.35 -3.78
Asian Paints 1,122.75 -38.05 -3.28
Company Price Change %Gain
Tata Motors 340.10 -12.95 -3.67
Tata Motors (D) 190.00 -6.30 -3.21
Asian Paints 1,125.45 -35.50 -3.06
Adani Ports 371.05 -11.05 -2.89
Hero Motocorp 3,546.05 -97.15 -2.67

Live TV