More Fuel for Indian startups as Global Capital Shifts from China

Indian technology startups, which are mopping up record inflows of venture capital this years, will gain further as global capital moves away Chinese technology firms that are weathering a regulatory onslaught, according to multiple founders and investors who told ET that the Xi Jinping-led government continued crackdown on Big Tech Frim could also trigger long-term changes in the way large internet companies are regulated globally.

“China gets more venture capital than India. Now, if the Chinese funnel is getting choked, it will go somewhere and with so much liquidity, emerging markets like India will get that allocation,” said Ashwin Damera, cofounder and CEO of online executive education platform Erudite. The startup saw its valuation jump four-fold to $3.2 billion on after raising $650 million from Softbank, Accel US and other, earlier this month.  

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *