News Startups

[Update] China’s APUS Group To Invest Close To ₹100 Crore In Indian Startups

China
Share on Facebook
Tweet about this on TwitterShare on Google+Share on StumbleUponShare on LinkedInPin on PinterestShare on Reddit

APUS Group, one of China’s biggest mobile app development company, is now planning to invest around₹100 crore in early stage Indian startups with an aim to create hundreds of jobs in the coming years.

As per the company’s founder, Apus will be sharing it’s technology and ideas of the global market in order to train local Indian entrepreneurs.

Along with the investment opportunities in India, the company is also looking to further increase its users in India to around 80 million by the end of this year. Currently, it has around 30 million users in India.

For this, the company is also looking forward to set up an operations center, global research center, discussion center and a technical support center in India. However, the location for such centers is yet to be finalised.

APUS Group has been active in India since quite some time. It has already invested in iamWire and has a long term partnership with Inmobi. It is also looking to establish more partnerships to achieve its goal of targeted userbase.

Tao Li, cofounder of Apus Group, said,

India represents a crucial market for us and we are confident that our initiatives will only strengthen our relationship with the country. The opportunities that exist are still largely untapped. We are looking at providing more localised service and experience to Indian users and augment India-specific content to appeal the target audience.

Chinese investments in Indian startups has risen to gargantuan sums lately. Alibaba, China’s biggest ecommerce company has already invested significantly in the likes of Snapdeal, Flipkart, Ola, PayTM and others.

[Update]

APUS Group has now confirmed to us that it has increased the investment amount to Rs. 300 crore from Rs. 100 crore.


 

[email protected]


Add Comment

Click here to post a comment

Your email address will not be published. Required fields are marked *