Investors copy and paste Chinese model to India

Fund raising by Indian social commerce startup Meesho highlights a broader market trend. Chinese investors are trying to replicate successful Chinese business models in India.

Indian social commerce startup Meesho said on Tuesday that it had raised $50 million for further expansion. It is just the most recent example of increasing money flows between the new economies of China and India. 

Meesho said that investors in this Series C round include private equity funds DST Partners, RPS Venture, Sequoia India, SAIF Partners, Venture Highway, and startup accelerator Y Combinator, as well as Chinese venture fund Shunwei Capital.

Chinese companies are copying successful internet business models in India - particularly in the fields of ecommerce and food delivery. China-India trade volume reached a record high of $84.5...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222