Funding

China’s Shunwei Capital has raised $1.21 b

Shunwei Capital, Chinese early and growth stage venture capital fund has raised the largest funds at $1.21 billion, considering the total assets under the management by the firm to more than $3billion throughout  the funds.

The firm has raised the fund four times the ones those were raised in the past in the FY  2011, 2014, 2015 and in 2018 making this the fourth vintage fund for Shunwei.

The firm was started by the Founder of Xiaomi smartphone, Lei Jun and Tuck Lye Koh.

The duo initially started with the relatively small cheques in India even while the funds remained an active growth stage capital provider in China.

Over the past few spans, Shunwei has doubling down on India with larger cheque sizes at the growth stagst for the companies, leveraging its learning from the Chinese market and betting on startups that can gain from the mobile internet boom.

India is an important market for us outside China… and we will continue to deploy capital proactively. We like business models that are highly scalable and light, ideally with low touch on offline infrastructure,” Tuck Lye Koh, CEO of Shunwei Capital.

In the last two years, Shunwei Capital has managed to make 16 investmentd across the various startups right from the seed to the series C stages in the social media.

Even in China, the firm has invested across the mobile imternet, rural internet, consumer IoT, smart manufacturing and deep technology since 2011.

Chinese venture capital funds have poured in $931 million since the start of this year, the highest ever in India so far, according to data from Venture Intelligence.

ShunweiCapital  has participated in plethora of deals those are $228 million worthy.

The biggest best by Shunwei Capital consists of  ShareChat, Pratilipi, Zest Money, Krazybee, Cashify, Vokal, Samosa Labs among others.

The firm is also planning to invest in the fast emerging social commerce space within the country  and is also in talks with Meesho possibly  for investments.

ALSO READ:  Story of OnePlus: How it became the no. 1 smartphone in India

Shravani

Share
Published by
Shravani

Recent Posts

Teen Patti – Tips to Ace the Game

Online games are available in many forms and types including online gambling and sports betting.…

3 years ago

4 Marketing Tips to Improve Your Online Presence

We live in a digital world, and every business, whether it's a brick-and-mortar shop or…

3 years ago

Technology can serve as a lifeline during these times

There is no denying that the pandemic has been rough on everyone. We have had…

3 years ago

Initiating an Online Business Presence

Building your online presence can be challenging for both newcomers and the already initiated, but…

3 years ago

Online Smartphones Sales Hit High

The smartphone market offers a variety of smartphones from brands both well and less known…

3 years ago

How to Spend Your Free Time Productively

After a hard day’s work, you probably like to kick back on your couch and…

4 years ago