Replacing Chinese Capital
Chinese venture capital funds and companies (Baidu, Alibaba and Tencent – BAT) have invested upwards of 4 Billion US$ into Indian startups. 18 out of 30 Indian Unicorns (startups with over 1 Billion US$ valuation) have significant Chinese ownership.
Funding The Unfunded
The Covid-19 pandemic has displaced and snatched the livelihoods of a swath of people in what is probably the worst reverse migration since Indian independence.