Chinese banks eye deal in Indian startups
Some of China’s investment banks including Fusion Capital, Fanzhou Capital and Index Capital, are targeting India’s startup ecosystem. They are primarily eyeing early-stage ventures – not more than three years into their lifecycle for investment. These include the likes of Bangalore-based lifestyle community platform Trell, AI-based marketplace Leverage Edu that helps students get recruited by global universities, human resources tech startup Kredily and salary-linked loan provider PerkFinance.
“We have put a lot of resources and attention here on the Indian market. We also plan to launch our early-stage fund in India,” opined Maosen Li, founding partner at Fusion Capital.