 "The Chinese investments in India’s tech start-ups in 2015")
One97 (Paytm): Alibaba, ANT Financial invested $890 million
A vibrant mobile ecosystem was Alibaba’s goal when it set out to invest in India’s Paytm, owned by One97. Ant Financial, Alibaba’s financial arm, made its initial investment in February, and Alibaba joined in at the end of the transaction.
Ant and Alibaba’s investment marks the most recent in a long line of investors in Paytm, including Intel Capital and Silicon Valley bank.
Ola: Didi Kuaidi invested $900 million
Founded in 2010, Ola is India’s most successful on-demand transportation app, much like Uber and Lyft. China’s Didi Kuaidi, another cab hailing app, hopped on the latest in several rounds of funding in the Indian app in the middle of November. The round was led by Tiger Global Management. Tiger Global has played a major part in funding Ola, showing up over and over again in the app’s funding history.
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Ecommerce is Alibaba’s game, so it’s little surprise that the Chinese company has decided to lead Snapdeal’s latest funding round, in which several other investors participated, including Softbank.
Practo: Tencent invested $120 million
Tencent, China’s other internet giant, led Practo’s latest round of funding. Alibaba tends to be more conservative with its investments, while Tencent seems happy to back younger-stage start-ups. Healthcare start-up Practo was founded just this year, though to its credit it’s managed to raise a lot of money from investors including Sequoia Capital and Google Capital.
