Chinese investment in Indian start-ups grew 12 times up to $4.6 bn over the last 4 years: Global Data

R Sinduja

News Editor
Image Credit: shortpedia

According to Global Data, there has been a 12 times growth of Chinese investments in Indian startups over the last 4 years in 2019. It rose from $381 million in 2016 to $4.5 billion in 2019 with a bulk of unicorns in India being upheld by corporates & investment companies in China. 17 out of 24 unicorns are at present supported by both corporates and Chinese investment firms such as Alibaba and Tencent.