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Desi startups approaching Chinese Tencent for startup funding

October 22, 2021
Source: sify.com sify.com
News Snapshot:
New Delhi: India last year tightened control on investments coming from China into the local firms/start-ups in the wake of border tensions. The tide, perhaps, is turning after more than a year-and-a-half, as some homegrown firms have now raised (or in the process of raising) funds from Chinese conglomerate Tencent. The latest startup to join the list is Bengaluru-based hyperlocal social media platform Lokal that has raised $12 million from Tencent, TechCrunch reported on Thursday. "Existing investors 3one4 Capital, Y Combinator, and India Quotient have also participated in the startup's Series A (funding)," the report quoted the source as saying....
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Tags: app | capital | China | Chinese | Delhi | fund | India | Indian | investment | investor | IT | Ladakh | language | LINE | media | New Delhi | news | platform | report | Sequoia Capital | social media | start-up | technology | Tencent | venture capital

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