Indian start-ups unable to access Chinese funding after political tensions
Business

Indian start-ups unable to access Chinese funding after political tensions

The Indian food delivery start-up Zomato with a valuation of $3 billion has been unable to access its biggest Chinese investment in the first major example of how Delhi’s new foreign investment laws have hit funding. In January, Zomato announced it had secured $150m in fresh funding from Ant Financial, the Chinese digital payments giant. But it has been unable to access $100m of that total

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Sun Jul 05 - FT

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