NEW DELHI: Chinese investment in Indian start-ups has increased 12 times more over the past four years, from $ 381 million in 2016 to $ 4.6 billion in 2019. According to sources from data and analytics firm Global Data, corporate and Chinese-based firm’s are investmenting more money.

Out of total 24 unicorns in India, 17 are funded by Chinese corporate and investment firms. Global data said that Alibaba and Tencent are the top contributors.

Alibaba and its subsidiary Ant Financial and four other Indian unicorns (PaytiM, Snapdeal, BigBasket and Zomato) have invested $ 2.6 billion. Tencent has invested more than $ 2.4 billion in five unicorns (Ola, Swiggy, Hike, Dream 11 and Baijus) among others.

China-based investment money has come into Meatun-Dianping, Deidi Chuxing, Fosun, Shunway Capital, Hill House Capital Group, China Lodging Group and China-Eurasia Co Operation Fund