The 15 Chinese investors representing top Chinese firms have shortlisted 10 Indian startups companies for the funding purpose, these 10 startups work in mobile advancements, e-trade, and medical innovation, and will receive up to $5 million (generally Rs. 33.2 crores).
Nonetheless, the shortlisted Indian new businesses selected at the 'Date with Chinese Investors' were not uncovered to abstain from poaching from opponent financial specialists, while another five to seven new companies are being explored for subsidizing. "We have chosen Bengaluru over other cities to start because of the great infrastructure and tremendous support is given by state government. Many are thrilled to see the potential among Indian startups," said investor and OnionFan CEO Hutu.
Pickup Wheat (Shimai) Finance, Harmony Invest, Grand (Duggan) Capital, Incapital, Zhejiang WenChuang Group, YeahMobi, Hangzhou Zhexin Information Technology and Cyber Carrier are among the organizations which took an interest in the occasion booked from May 1-3. The Chinese speculators went by the Karnataka government's Mobile 10X Hub in Diamond District to assess the entrepreneurial pitches of more than 150 new companies which touched base from Chennai, Hyderabad, and Mumbai.
"The event was aimed to show the landscape of Chinese and Indian venture and investment, and to facilitate the innovation and communication between the two countries," said an official statement.
Funding by the Chinese company is aimed at extending the business range and worldwide effect of Chinese investment associations while then Indian new businesses stand to be profitable by better and easier financing.
The occasion was organised by tech media and investment company OnionFan in association with Mobile 10X.
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