Blocking Chinese funding will adversely impact Indian start-ups: GlobalData

The recently amended FDI rules and the straining relationship following the recent border conflict between India and China are likely to add roadblocks for Chinese investments in Indian start-ups, according to data and analytics company GlobalData.

GlobalData said Chinese investors have been making their presence felt in a big way in the Indian start-up ecosystem over the last few years.

With the amended FDI regulation, companies heavily backed by Chinese investments are in a state of uncertainty for capital raising, GlobalData said in a statement.

Some start-ups that are backed by Chinese investors like Alibaba and Tencent include BYJU's, Ola, Paytm, Zomato, Swiggy,