More fuel for Indian startups as global capital shifts from China

Indian technology startups, which are mopping up record inflows of venture capital this year, will gain further as global capital moves away from Chinese tech companies that are weathering a regulatory onslaught, according to multiple founders and investors.
The Xi Jinping-led government's continued crackdown on Big Tech firms could also trigger long-term changes in the way large internet companies are regulated globally, they told ET."China gets more venture capital than India. Now, if the Chinese funnel is getting choked, it will go somewhere and with so much liquidity, emerging markets like India will get that allocation," said Ashwin Damera, cofounder and chief executive officer of online executive education platform Eruditus. The startup saw its valuation jump four-fold to $3.2 billion after raising $650 million from SoftBank, Accel US and others, earlier this month.