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The majority of the unicorns in India (17 out of 24) are currently backed by both corporates and pure-play investment firms from China, predominantly Alibaba and Tencent, GlobalData said. PTI | Last Updated: Jun 26, 2020, 07.52 PM IST 0 Comments Agencies NEW DELHI: There has been a 12 times growth of Chinese investments in Indian start-ups over the past four years to USD 4.6 billion in 2019 from USD 381 million in 2016 with a majority of unicorns in India being backed by corporates and pure-play investment firms from China, according to data and analytics firm GlobalData. An analysis...
