Investment outside home.

India serves enticing investment around the globe for its promising growing market. Recently, Alibaba Group Chairman Jack Ma and executive vice chairman Joseph Tsai came into picture as the duo is looking forward for an investment oppourtunity in India.

Mostly, meetings between Chinese private capital and the representatives of Indian startups are held in Singapore and Hong Kong. This could be good news for the startups as more and more investors are coming forward for the investment in Startups.

“I don’t think there is any trend that suggests Chinese investors will write cheques faster than other investors.”  “However, they have the ability to make late-stage VC investments and write $50-100 million cheques, where a big demand supply gap exists today.” – Aashish Bhinde, executive director and head, digital and technology, at Avendus Capital.

“These are sophisticated investors and are not likely to lead the (funding) rounds,” – Sandeep Aggarwal, chief executive of online marketplace for used automobiles and auto services, Droom.

About these two Richie Rich

Last year, Tsai launched his multi-billion dollar family office to invest his wealth created by Alibaba’s $25 billion initial public offering of shares on the New York Stock Exchange. He also brought on board Oliver Weisberg, a former managing director at hedge fund Citadel to co-manage his family office along with Alexander West of Blue Pool Capital, a Hong Kong-based hedge fund.

Ma’s net worth is estimated at $22.8 billion (about Rs 1.5 lakh crore) and Tsai’s at $5.5 billion-$ 7 billion. They are yet to make any personal investment in the Indian market, but they are willing some lump sum according to two people in direct contact with the investors.

Source – Economic Times

Takeaway

• Family Offices Of Alibaba’s Jack Ma And Joseph Tsai are looking for Investments In India
• They are not looking to invest big, but start with a decent funding.
• Startups from India could benefit from these investments.