Shunwei’s slowly taking capital spot in Indian startup ecosystem

MUMBAI: Shunwei Capital, the venture capital firm started by smartphone maker Xiaomi founder Lei Jun, has quietly become the most active Chinese early-stage investor in the Indian startup space even as internet giants like Tencent and Alibaba have continued to pour billions of dollars here. With eight investments closed in less than 10 months, the firm is leveraging its learning from the Chinese market and betting on companies which can gain from the mobileinternet boom.Despite a massive fund size of under $2-billion assets under management, Shunwei Capital, founded by Jun and Tuck Lye Koh has limited itself to relatively small cheques in India even though the fund is an active growth stage capital provider in China. “The term ‘Shunwei’ means leveraging on a big trend to achieve greatness. So the idea is to invest in business models that cater to a large market where the business is disrupting this large market or it could be a small market today, but potentially ballooning into a huge market,” explained Koh, cofounder of the investment firm outlining their India strategy in an exclusive interview to ET.

Be the first to comment on "Shunwei’s slowly taking capital spot in Indian startup ecosystem"

Leave a comment

Your email address will not be published.