As we are already aware of the huge headline that took over the country recently- about Indian banning Chinese applications. The citizens cheered with joy after having known that we are getting successful at cutting ties from the neighbor’s rival country that has been vindictive enough to initiate an attack.
But what we are failing to understand is that the involvement of the Chinese with our Indian market place as well as the economy is more rooted than we can imagine. You must have heard about the valuable Indian startups being funded by the Chinese Investors and now they are on the verge of getting their funding pulled which was already foreseen due to the on-going rivalry between both the countries.
Chinese has been actively investing in the Indian market since a long time. Just last year, the country has invested in 19 projects from the IT and electronics sectors of India according to the Financial Times. Companies like Alibaba Group, Tencent, Steadview Capital, Didi Chuxing, who are considered as the investment giant have invested in about 18 to 20 unicorn companies in India.
Companies who are already established like Flipkart, Byjus, Make my Trip, Delhivery, Zomato, Big Basket, Paytm, etc, the unicorn companies have drawn over $3,500 million in investment from the Chinese investors.
Following is the total list of valuable Indian startups who will face the major blow and will suffer due to the on-going dispute:
- Hike Messenger
- Make My Trip