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From Paytm, Flipkart to Swiggy, big Indian startups are stuffed with Chinese money

Chinese companies are one of the biggest investors in India’s startup space.

June 17, 2020 / 06:42 PM IST

At least 20 Indian soldiers were killed in the Galwan valley of Ladakh in the bloodiest clash in almost 50 years with Chinese troops during a disengagement exercise on June 15 to end a prolonged standoff along the Line of Actual Control.

The first India casualties in a border conflict with China since 1975 have plunged the already tense ties to a new low. The anti-China sentiment will only harden and call for the boycott of Chinese goods will grow in the coming days.

But China is embedded deep in the Indian economy. Chinese companies are big investors in the Indian startup space, which has not only created a new class of entrepreneurs but also given India the much-needed technological push, generating jobs along the way.

Here are the biggest Chinese players in India’s startup sector: