Chinese Funded Companies in India

Chinese technology investment in Indian companies is estimated to be worth $ 4 billion, according to a report issued by Gateway House, a think tank affiliated with the Indian Council on Global Relations. 

Alibaba Group and its affiliate Ant Financial, Tencent Holdings, and Fosun RZ Capital have invested hundreds of millions of dollars in Indian businesses, including unicorns like Paytm, Delhivery, Udaan, Zomato, PolicyBazaar, Ola, BigBasket, Oyo Hotels & Homes, and Dream11. Below given is the list of chinese funded companies in india, which are also the top chinese companies in India:-

Paytm

Paytm, lies in the top of the list of chinese brands in India, (short for "pay through mobile") is an Indian multinational technology business established in Noida, India, that specialises in digital payment systems, e-commerce, and finance. Paytm is presently available in 11 Indian languages and provides online services such as movie, mobile recharges, travel, utility bill payments, and event bookings, as well as in-store payments using the Paytm QR code at grocery stores, vegetable and fruit shops, parking, restaurants, pharmacies, and academic institutions. Paytm is worth $10 billion as of January 2018.

More than 20 million retailers across India utilise the company's QR code payment system to take payments directly into their bank accounts, according to the company. Advertisements and paid promotional content are also used by the company to earn cash. Paytm has been the first Indian startup to receive money from Alibaba, a Chinese e-commerce company that has raised more than $625 million in total.

Funding and share holding- Sapphire Ventures funded ＄10 million in One97 Communications Ltd in October 2011. In March 2015, Paytm gained a significant investment from Alibaba Group, a Chinese e-commerce business, after Ant Financial Services Group, an Alibaba Group affiliate, purchased 40% of Paytm stock as part of a strategic partnership. Ratan Tata, the MD of Tata Sons, backed it up shortly after. Paytm obtained ＄5 billion in capital from Mountain Capital, one of Taiwan-based MediaTek's investment vehicles, in August 2016.

Paytm obtained its largest round of investment from a single investor — SoftBank – in May 2017, valuing the company at ＄10 billion. Berkshire Hathaway financed ＄356 million in Paytm in August 2018, but Warren Buffett was not engaged in the transaction, according to Berkshire Hathaway. Paytm raised $1 billion in a fundraising round headed by T Rowe Price, together with previous investors Ant Financial and SoftBank Vision Fund, on November 25, 2019.

Hike Messenger

Hike Messenger, also known as Hike Sticker Chat, had been an Indian freeware, cross-platform instant messaging (IM) and Voice over IP (VoIP) programme developed by Kavin Bharti Mittal and currently owned by Hike Private Limited. It was introduced on December 12, 2012, by Kavin Bharti Mittal. Hike is a multi-platform app that could work offline through SMS. The app registration process is dependent on a conventional one-time password authentication process.

Tencent Holdings of China and Foxconn Technology Group of Taiwan have led a new round of fundraising, valuing the company at $1.4 billion.

Snapdeal

Snapdeal is an Indian e-commerce company with headquarters in New Delhi. Kunal Bahl and Rohit Bansal, both Wharton School and Indian Institute of Technology Delhi alumni, started the company in February 2010. It is one of India's largest e-commerce enterprises, with $ 1.58 billion (about Rs 10,112 crore) financed from 23 investors. SoftBank, Nexus Ventures, Kalaari Capital, and eBay Inc. are among its top investors. You might be startled to learn that SoftBank Group is the largest shareholder in Alibaba Group Holding Ltd, the Chinese e-commerce giant.

OLA

Ola Cabs (stylized as OL) is an Indian ridesharing firm that provides services such as vehicle rental and food delivery. Bengaluru, India, and Karnataka is the headquarters of the corporation. Ola was valued at around US$6.5 billion as of October 2019. The company is owned by a number of venture capitalists, including Softbank.

Ola expanded into its first overseas market, Australia, in January 2018, and into New Zealand in September 2018. Ola launched its UK operations in March 2019, bringing auto rickshaws to the country. Before the launch in London, more than 10,000 drivers registered both online and offline. Ola debuted its taxi-hailing services in February 2020, of over 25,000 drivers enrolled.

Ola has received funding from Didi Chuying (Didi Kuaidi), a Chinese vehicle app firm. Ola has raised roughly Rs. 8200 crores from 21 investors so far.

IBIBO and Make My Trip

Ashish Kashyap launched the Ibibo Group, an online Indian travel company, in January 2007. MakeMyTrip (MMT) Limited, which holds a 100 percent ownership in Ibibo Group, is a subsidiary of the corporation.

Goibibo, a B2C online travel aggregator, and RedBus.in, an online bus ticketing platform, are both owned by the group. MakeMyTrip (MMT) completed a strategic combination with the ibibo Group on 31 January 2017 by purchasing a 100 percent equity interest in the ibibo Group from MIH Internet, a Naspers indirect subsidiary, under a Transaction Agreement dated 18 October 2016.

Naspers (a South African conglomerate) and Tencent (a Chinese investment holding company) each owned 91 percent and 9% of Ibibo, respectively. They would become the company's single largest stakeholder.

Flipkart

Flipkart is an Indian e-commerce company based in Karnataka, Bangalore, India and registered as a private limited company in Singapore. Before growing into other product types like fashion, consumer electronics, groceries, home goods, and lifestyle products, the company was initially based on online book sales.

Amazon's Indian subsidiary and domestic rival Snapdeal are the main competitors for the service. Flipkart had a 39.5 percent market share in India's e-commerce industry as of March 2017. Flipkart has a commanding position in the clothes market, thanks to its acquisition of Myntra, and is "neck and neck" with Amazon in the selling of gadgets and mobile phones. PhonePe, a mobile payment service dependent on the Unified Payments Interface, is also owned by Flipkart.

Walmart purchased a 77 percent controlling stake in Flipkart for US＄16 billion in August 2018, valuing the company at roughly $20 billion.

Zomato

Deepinder Goyal and Pankaj Chaddah launched Zomato, an Indian (crucial part of chinese company list in india) international restaurant aggregator and food delivery service, in 2008. Zomato offers restaurant information, menus, and user ratings, and also food delivery from partner restaurants in select cities. The programme is now accessible in 24 countries and much more than 10,000 cities as of 2019.

Swiggy

Chinese investment in indian companies in Swiggy was made in 2014 and is India's largest online food ordering and delivery platform. Swiggy is established in Bangalore, India, and operates in over 100 Indian cities as of March 2019. It is one of the two largest online meal delivery companies, with its arch competitor zomato being the other. Swiggy Stores, Swiggy's general product delivery service, launched in early 2019.

Swiggy Go, a quick pickup/dropoff service, was launched in September 2019. The service is used for a variety of things, including washing and document or parcel deliveries to both commercial and retail clients. Bundl Technologies Private Limited is the company that runs Swiggy.

Gaana

One of the Alibaba investments in India, with over 200 million monthly subscribers, Gaana.com is India's largest commercial music streaming service. It was founded by Times Internet in April 2010 and offers both Indian and international music material. Users from all across the world can access the whole Indian music archive. Gaana.com has music in 21 Indian languages, comprising Bengali, Assamese, English, Bhojpuri, Hindi, Malayalam, Gujarati, Urdu, Kannada, Marathi, Odia, Tamil, Punjabi, Maithili, Telugu, and other regional languages of India.

Users can make their playlists available on Gaana.com so that more people can see them.

BigBasket

BigBasket is an Indian online grocery delivery business run by Supermarket Grocery Supplies Pvt. Ltd. Customers are typically served with grocery items available in convenience stores, as well as household basics and food supplies. BigBasket is based in Bangalore, India, and was started in December 2011.

In 2011, Sudhakar, Abhinay Choudhari, Vipul Parekh, Hari Menon, and Ramesh established BigBasket. They launched their online grocery delivery business, Bigbasket, in 2011. BigBasket secured ＄150 million in March 2019 from Mirae, Alibaba Group, and CDC Group, valuing the company at over $1 billion. They bought DailyNinja, a micro-delivery company, in March 2020. The Tata Group bought a 64.3 percent share in BigBasket for roughly ＄9,500 crore (US＄1.3 billion) in February 2021.

DailyHunt

Dailyhunt (previously Newshunt) is an Indian content and news aggregator app headquartered in Bangalore, India. It offers local language material in 14 Indian languages from a variety of sources. Viru is one of the co-founders of Dailyhunt, along with Umang Bedi. "The Indic platform empowering a billion Indians to explore, consume, and socialise with content which informs, enriches, and inspires," the company's mission states.