Delivery riders for Zomato and Swiggy, two Indian start-ups, wait to collect orders outside a restaurant in Mumbai. Photo: Bloomberg
Delivery riders for Zomato and Swiggy, two Indian start-ups, wait to collect orders outside a restaurant in Mumbai. Photo: Bloomberg
India

‘Stealth investment’: Chinese money finds its way into Indian tech as IPOs boom

  • India’s tech scene is flourishing after Covid-19 lockdowns led to greater use of digital services, with investors pouring US$10 billion into start-ups this year
  • While investors such as Softbank dominate, Chinese investors are also returning via Hong Kong, despite New Delhi’s FDI rules and deteriorating bilateral relations

Delivery riders for Zomato and Swiggy, two Indian start-ups, wait to collect orders outside a restaurant in Mumbai. Photo: Bloomberg
Delivery riders for Zomato and Swiggy, two Indian start-ups, wait to collect orders outside a restaurant in Mumbai. Photo: Bloomberg
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