Chinese app ban to create funding hurdle for Indian unicorns and soonicorns

Experts foresee major impact on new investments by Chinese players in companies such as Paytm, Ola, BigBasket, Dream11, MakeMyTrip, and Swiggy, when they go for follow-up funding

The Chinese app-ban is expected to further create hurdles for Chinese investments in Indian unicorns, soonicorns and other firms as Sino-India tension escalates. With 59 Chinese apps banned by India, including Bytedance's TikTok, Alibaba's UC Browser and Tencent's WeChat,  as the government cited security concerns, the country is expected to increase the level of scrutiny of investments coming from China — both directly and indirectly.

According to experts and industry insiders who work on cross-border investments between the two countries, the banning of the apps has created “negative sentiments” and reduced the confidence among the Chinese investors to invest in