Chinese firm, Fosun RZ Capital, plans to invest in 2 to 3 start-ups in India by the end of 2017. The firm said that the India-China standoff has not diminished its investment interest in Indian start-ups.
“Chinese investors are still upbeat about India,” said Tej Kapoor, Partner at Fosun RZ Capital. The company is actively searching for potential start-ups in the logistic and fintech space in order to invest in early stage opportunities.
Kapoor also said that the company is looking at early-stage opportunities with $5-15 million cheque size and is mostly interested in minority investments taking between 15% and 25% stake in startups. Fintech, healthcare technology and happiness vertical which includes travel, will be taken into consideration. There is enough deal flow in travel e-Commerce.
“The market in India is very small but the valuations are very high from that perspective. For instance, Ad tech is such a small market in India as compared to China but the valuation are comparable to those in China, so people wonder why is it so,” said Kapoor.
Founded in 2013, Fosun RZ Capital, is a leading venture capital rooted in China and covering the world’s major economic areas. Fosun RZ Capital is based in Beijing and backed by Fosun Group.
RZ Capital is committed to become the best partner to innovative enterprises around the world. As one of the few international venture capital platforms in China, RZ Capital has fostered innovation ecosystems in China, U.S., and India. RZ Capital invests in Angel to VC and growth stages, with focus on Internet application on Industries and frontier technologies, specialized in finance, education, healthcare, B2B, automotive related, consumer, and business services.
Through taking a leading role as an investor, and providing access to excellent industrial resources, RZ Capital helps portfolio companies achieve a fast and sustainable growth in business value, and help extend their reach across the globe.
