The Alibaba Group invests in Innovative Retail Concepts Pvt Ltd operating a grocery-linked e-commerce portal under the brand name BigBasket…
New Delhi, Business Desk. Recently, the Indian government has banned 59 Chinese apps including TikTok, Camscanner, and Likee amidst border dispute with China. There is a tremendous public outcry against China and the boycott of manufactured goods in China under the leadership of many organizations. The Indian government has also taken several steps to reduce the import of Chinese goods. Despite all this, China has strong roots in India’s economy. Major investments have been made by Chinese companies in India’s major startup companies.
Let us know which Indian companies have more investment in which Indian companies:
The Alibaba Group has invested in Innovative Retail Concepts Private Limited operating a grocery-linked e-commerce portal under the brand name BigBasket, according to Gateway House data. Tencent Holdings has invested in Think and Learn Privately Limited, which operates the learning app Byju’s. At the same time, China’s Steadview Capital and Tencent Holdings have invested up to $ 300 million in Walmart-owned Flipkart. MakeMyTrip (India) Pvt. Ltd. operating the travel portal MakeMyTrip. Ltd. Ctrip is invested in.
One97 Communications Ltd. operating Paytm.com Alibaba Group has invested up to $ 400 million. At the same time, Paytm E-Commerce Pvt., Which runs Paytm Mall. Ltd. Has invested up to $ 150 million.
ANI Technologies Pvt., Which operates the cab aggregator Ola, according to Gateway House data. Ltd. It has investments from Tencent Holdings, Steadview Capital, Sailing Capital, and China, Eternal Yield International Limited, China-Eurasian Economic Co-operation Fund. Oravel Stays Pvt. Operating Oyo. Ltd. Has investments in Didi Chuxing and China Lodging Group.
ETechAces Marketing & Consulting Pvt., Which operates PolicyBazaar. Ltd. Has invested At the same time, Alibaba Group has also invested in Zomato.