China’s VC firm Shunwei eyeing investment in Indian Startups

Considering the flourishing startup culture in India, China’s venture capital firm Shunwei Capital Partners is eyeing investments in Indian startups in partnership with domestic VC firms, according to The Times of India.

The Chinese firm that manages over $2 billion of assets is reportedly in talks with Kalaari Capital for a partnership to identify opportunities in Indian startup space. and the idea is to pick firms in the spaces it focuses on in China so firms can benefit from its experiences in that country.

According to Tuck Lye Koh, founding partner and CEO of Shunwei , “Our investment philosophy is, we identify big trends and then invest in those trends. We also look at the quality of the founders. If we pick the right trend and the right founders, we have the potential to create great companies.”

Shunwei that recently closed its third fund ­ Shunwei China Internet Fund III ­ with a capital commitment of $1 billion will be focusing on the same kind of firms that it funds in China i.e. mobile Internet, IoT (internet of things) and tech companies so firms can benefit from its experiences in that country.

“Our focus in China for the last 5 years and for the next 5-10 years is going to be on mobile internet opportunities. We are also interested in what we call 'Internet plus', which means leveraging on internet technologies to restructure and upgrade traditional industries,“ Koh added.

Shunwei's recent investments include Gegejia, an online marketplace that imports, markets and supplies food products to consumers; BossZhiPin, a mobile app that provides job posting and applicant tracking for recruiters and job hunters and RenRenChe, an online platform that enables users to buy and sell used cars in China.