New crop of Chinese investors scout deals in India

Over a dozen new China-domiciled corporations, venture funds and family offices are aggressively stepping up investment conversations with Indian startups as they look to move beyond the slowing market for technology investment in Asia’s largest economy.

The heightened interest in early-to-growth-stage Indian firms coincides with fewer Chinese startups going public, uncertainty caused by the country’s ongoing trade war with the US and overall sobering of valuations after the WeWork debacle, said multiple founders and startup investors.

Boyu Capital, Horizons China, Sinovation Ventures, Legend Capital, ZhenFund, XVC Capital and Integrated Capital are among the new funds scouting for deals, people who have engaged with these companies told ET.

Source: Economic Times