How Chinese VCs hold sway in Indian startups
Dear Balbir Singh Sooch,
Tech giants Alibaba and Tencent, early-stage investors Hillhouse Capital and CDH Investments, large corporations such as Meituan and Fosun, and smartphone makers Xiaomi and Oppo — a little over 100 Chinese firms have made investments in Indian startups. Chinese VCs have invested over USD8 billion and hold large stakes in a number of Indian startups, including unicorns and soonicorns. However, China’s deal-sniffing amid the contagion has raised suspicion in the West and in India. ET Prime maps its growing influence over the Indian startup ecosystem, which a recent tweak in FDI rules aims to curb.
In five charts: how Chinese VCs hold sway in Indian startups
Online meat retailer FreshToHome’s robust supply chain has given it an edge over its competition during the lockdown. The company’s exhaustive back-end integration, which includes sourcing freshwater fish and poultry directly from fishermen and farmers to ensure quality, has kept delivery possible during such trying times. However, procuring seafood and read meat is still a challenge.
FreshToHome’s supply chain is keeping the lockdown menu exciting
Indian small tour operators and travel agencies are massive employment generators, but most won’t survive the pandemic. They are now lobbying for scrapping the steep travel tax on overseas tours, and a tweak in the GST framework, to stay afloat. The travel industry may lose about 40 million jobs and post an INR1.25 lakh crore loss in 2020 alone.
Travel industry seeks tax breaks, incentives to survive
Regards,
ET Prime Team