Mumbai: Venture capital-linked company Sequoia Capital India has invested in the highest number of unicorns or Indian companies with a market valuation of over one billion dollars. It has been said in a report released on Wednesday. According to the Hurun India Unicorn Investors List, Sequoia has invested in the most eight Indian unicorns, including Byju's and Unacademy. At the same time, SoftBank of Japan and Steadview Capital of UK have invested in seven companies each with a valuation of more than one billion dollars.
At the same time, if we talk about the investment of Chinese companies, according to the report, Tencent Holdings is the only Chinese company to invest predominantly in India's top unicorn companies.
Tencent is jointly 11th in this list of Harun with investments in three unicorn companies of India. The list includes Bennett Coleman & Company, Besmer India Capital Holdings, Chiratai Ventures, General Atlantis Singapore, IFC and LTR Focus Fund at number 11.
It is interesting here that according to the report Tencent has also invested in Dream11, a company associated with fantasy gaming. This company recently won the title sponsorship of the IPL Cricket League.
It appears that Alibaba has invested in Paytm, Paytm Mall, Zomato and Big Basket through its Singapore office, so the Hurun has not described the investment as a Chinese investor.
The report said that RNT Associates of veteran industrialist Ratan Tata ranked seventh in the list of investors of unicorn companies. The company has invested in Ola Cabs, Jomato, Lenskart and Unacademy.
"These investors play a significant role in the creation of new wealth in India," said Anun Rahman, managing director (India) and chief researcher, Hurun.