SME Times News Bureau | 13 Nov, 2018
Embassy of India
in China in partnership with Startup India Association (SIA) and Venture
Gurukool organized 2nd Startup India Investment Seminar on 12
November 2018 in Beijing.
Investment Seminar was planned to expose Chinese VCs and investors to the
promising Indian startups and also help Indian startups to reach out to the
large Chinese investors for receiving investment for their companies, said an
entrepreneurs representing 20 Indian startups participated in the event and
pitched before Chinese investors to make investments in their ventures.
More than 350
Chinese Venture Capital (VC) funds, angel investors participated in a day long
pitching session and seminar.
In the 1st Startup
India Investment seminar, 12 Indian startups participated of which 4 secured
funding from Chinese VCs of USD15 million. In the current round 8 startups out
of 20 participants are set to get commitment of around USD 30 million.
Zheng Bin, CEO of
ICBC India, shared ICBC’s experience in India, gave an overview of the Indian
startup ecosystem and explained the process of investment.
He also informed
that ICBC India has established a USD200 million fund for investing in
promising Indian MSMEs and ventures.
A panel discussion
was also organised to discuss effective strategy for Chinese VCs to enter the
Indian startup market and share their experiences about the Indian startup