Xiaomi founder Lei Jun’s venture capital firm Shunwei Capital has quietly become an early stage investor in Indian startup space even as Tencent and Alibaba have counted to pour billions here. With eight investments closed in less than 10 months, Shunwei Capital is leveraging its learning from the Chinese market and betting on companies which can gain from the mobile internet boom.

Planning to Invest in Business Models

Founded by Jun and Tuck Lye Koh, Shunwei Capital has limited itself to relatively small cheques in India. “The term ‘Shunwei’ means leveraging on a big trend to achieve greatness. So the idea is to invest in business models that cater to a large market where the business is disrupting this large market or it could be a small market today, but potentially ballooning into a huge market,” explained Koh.

$6.9 billion of Inflows goes into Later Stage Investments  

According to Tracxn, around $6.9 billion of the inflows this year have gone into primarily later stage investments in companies like Flipkart, Paytm and Ola. This, be that as it may, distinct difference an unmistakable difference to a huge dip in seed and beginning period ventures which have contracted 53% on the back of rising duty complexities related to angel tax.

Following Marquee Funds in India

Most foreign investors generally follow better or marquee funds in India. But Shunwei is not doing that, said an investor who worked with Shunwei in India.

Aggressiveness of Shunwei is driven by an intensive research of the market. However Indian financial specialists anticipate that the store will wind up noticeably one of the heralds of China’s venture wave in the Indian web biological system sooner than later.