Oct 2, 2020
“The impact is unlikely to be dramatic on early-stage investments," Mr Haresh Chawla said. "There is enough dry powder with many VCs to shepherd firms through.” According to him, the real pain will be felt by firms who have already raised money from companies like Alibaba, Tentcent and Baidu, as well as those hoping for more funding from Chinese firms. Alibaba has reportedly put on hold all plans to invest in Indian companies. “They were clearly surprised at the categorical stand taken by India, but they have limited leeway,” the founder of a unicorn with investments from Alibaba said.
Nikhil Inamdar, ‘India start-ups flounder as tensions with China rise’, BBC
