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If India does #BoycottChina, its startups will lose more than just funding

Demonstrators shout slogans during a protest organised by the activists of Swadeshi Jagran Manch, a wing of the Hindu nationalist organisation RSS as they demand the boycott of Chinese products, in New Delhi
REUTERS/Adnan Abidi
A growing sentiment.
  • Ananya Bhattacharya
By Ananya Bhattacharya

Tech reporter

The growing anti-China sentiment could cost Indian startups dearly.

The phenomenal growth of India’s much-celebrated tech startup ecosystem, which is now the third-largest in the world, could be stunted if Chinese funding into the country slows in the aftermath of the military escalations on the border this week, experts believe.

“Chinese investors have been making their presence stronger in the Indian startup ecosystem since (the) last few years, which also enabled these startups to scale up successfully,” said Aurojyoti Bose, lead analyst at GlobalData. Now such companies “are in a state of uncertainty for capital raising.”

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