Three Chinese internet companies Toutiao, Meituan Dianping, Didi Chuxing, which recently invested and collaborated with Taxify, who are challenging the order of Baidu, Alibaba and Tencent, which along with eBay and Microsoft joined hands with Flipkart, in their home country are planning to spread wings in India and are promising to bring advanced technology chops to domestic startups. These companies are already having significant investments in India. The TMD trio is now looking to expand in India this year through partnerships and investments.
Meituan Dianping Investments in Swiggy
After Meituan Dianping’s investment of Rs 256-crore in food delivery startup Swiggy this month, the company’s chief executive Wang Xing is visiting India this week to explore strategic partnerships and investments, according to people aware of this plan. He will also meet the founders of Swiggy, Zomato and Paytm among other startups and internet firms, they said.
Planning to Invest $200-250 million
Chinese organizations are probably going to invest aggressively in nearby new local businesses to the tune of $200-250 million over their lifecycles, backing Indian firms with both capital and innovation, say Industry experts.
However, these companies do not have in depth knowledge about investing and scaling up in India which is very different from the hyper-growth ecosystem that these companies have seen in China—has rung warning bells among some investors in India.