Indian startup ecosystem is perhaps rising at an exponential rate and this growth is well acknowledged at all the coordinates of the globe. To dip their hands in this economic uprise, China’s Apus plans to invest $15 million (Rs. 100 crore) in Indian startups.
Apus group is an Android application development company founded in 2014 by former Qihoo vice-president Li Tao. The company has earned its reputation by making applications such as Apus Launcher, Apus Boost, Apus Search etc.
It claims to have a active user base of around 200 million, with 25 million users from India. Furthermore, the company targets 80 million users by 2016 by setting up a local operation centre.
As a part of this investment, Apus has planned to provide proper support to selected startups, including an open platform with appropriate development tools, proper guidance via a team of experts.
The company said in a statement –
The group will offer support to these companies via programmes focussed on developing and building a positive ecosystem for their growth. These programmes will range from providing incubation to free Apus traffic.
Appreciating the economic growth of India and the startups associated to the industry, Founder and CEO of Apus Group Li Tao said –
We had similar situation in China three to five years ago and India represents an important market for us. We are looking to further strengthen our presence as we evaluate more partnership opportunities with more firms as we look to strengthen our relationship with India.