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
india startups zomato antfinancials
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India's $48 billion trade deficit with China
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Xiaomi is safe from anti-China sentiment in India
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70% of India’s drug intermediary needs are fulfilled by China
Indians are boycotting Chinese products as anti-China sentiment in India is on the rise after the deadly clash at the border but the two nations can’t afford to simply boycott each other. China is India’s second-largest trading partner after the US and it accounts for nearly 12% of India’s imports across sectors, on the other side, at least 70% of India’s drug intermediary needs are fulfilled by China,”
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