Tencent, which counts some of India’s largest startups including Flipkart, Ola, Swiggy and Byju’s Classes among its portfolio firms, made four fresh investments last year. “The startup funding party is slowing down in China, with investments, valuations and number of deals falling in the last six months. Tencent started investing in Indian startups in 2014, when it led an undisclosed Series B round in Ola. “The China venture market has been on a dream run for 5-7 years, but has seen a slowdown this year, and I hear it is difficult to find high growth opportunities. While the Indian venture ecosystem is a tenth of China’s, it offers the promise of higher growth," said Ashish Sharma, CEO of InnoVen Capital India, a venture debt firm, with significant operations in China.

Source: Mint July 24, 2019 17:26 UTC