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Tencent Looks At Investing In India To The Tune Of $ 5 Million!

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Tencent Looks At Investing In India,Startup Stories,2018 Latest Business News,Tencent Business News,Startup News India,Startup Funding News,Startup Landscape in India,Chief Executive of Naspers,Tencent Funds Invest In India,Tencent Invest in India Of $5 Million

Tencent, Chinese conglomerate known for its We Chat messaging platform is now eyeing the booming early stage startup landscape in India. The company is looking to invest $ 5 million to $ 15 million in startups such as ShareChat and Kissht.

Post its foray into the Indian ecosystem in 2015, Tencent has majorly invested hefty sums in late-stage startups only. Its early bets include Practo, Hike, Flipkart, and Ola. “Tencent could invest between $5 Mn and $15 Mn across segments including, gaming, content, social media and consumer lending,” one of the people cited above said on condition of anonymity,” said sources close to the development.

In the year 2017, out of the 70 disclosed investments of Tencent, about 36% were directed toward early stage investments, 23% was targeted towards late stage investments while the remaining 3% was targeted towards seed funding. Tencent’s new focus on relatively young venture firms marks a diversification of the company’s funding strategies.

The reports also suggest that Tencent might make its early stage startups bet in India in association with Naspers. Most recently, Naspers has announced it will use the $ 10 billion it raked in as part of its Tencent share sale, through which there will have a major focus on the Indian market.

As Bob Van Dijk, Chief Executive of Naspers, indicated in an earlier interaction with ET, “We (Naspers and Tencent) have done several co-investments — MakeMyTrip and OLX India, where they are a minority investor. They also now co-invest with us in Flipkart… Both Tencent and Naspers are huge believers of the Indian market, and we have the intention to do a lot more together going forward.”

According to further industry reports, Tencent is likely to invest anywhere between $ 5 million to 15 million across fields like gaming, content, social media and consumer lending. Tencent, its Chinese rival Alibaba Group, and Japan’s SoftBank Group Corp have become increasingly aggressive in India the past 12 months, picking up stakes in some of the country’s most richly valued companies and driving up valuations to stratospheric levels in the process.

 

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Swiggy Unveils Pyng: AI App Linking Users to Verified Pros

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Swiggy has launched Pyng, a new app aimed at connecting consumers with verified professionals across over 100 specializations, including yoga instructors, financial advisors, tutors, and event planners. Currently live in Bengaluru, Pyng uses AI to match users with trusted experts and offers a money-back guarantee for unsatisfactory services.

The app also provides professionals with tools to manage bookings, track payments, and schedule services efficiently. This marks Swiggy’s entry into the professional services marketplace, expanding beyond its core food delivery and quick commerce businesses. Pyng is available on both iOS and Android, with plans for a nationwide rollout.

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Eat Better Secures ₹17 Crore in Pre-Series A Funding

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Eat Better, a Jaipur-based D2C snacking brand, has raised ₹17 crore in a Pre-Series A funding round co-led by Prath Ventures and Spring Marketing Capital. Founded by Vidushi Kanoria, Mridula Kanoria, and Shaurya Kanoria in 2020, Eat Better specializes in healthy snacks like dry fruit ladoos and nuts.

Key Highlights:

  • Investment Use: Funds will expand Eat Better’s product line and enhance its presence on quick commerce platforms.
  • Market Position: Competes with brands like Happilo and Yoga Bar in the healthy snacking space.
  • Operational Milestones: Fulfills over 2 lakh orders monthly.
  • Financial Performance: Revenue grew nearly threefold to ₹14.47 crore in FY24, with a reduced net loss.

Market Opportunity:

The Indian food and beverages market is projected to reach $68 billion by 2030, positioning Eat Better favorably to capitalize on the demand for healthy snacks. With this funding, Eat Better aims to strengthen its market presence and product offerings.

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Outzidr Raises ₹30 Crore to Transform Gen Z Fashion

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Bengaluru-based D2C fashion startup Outzidr, co-founded by Nirmal Jain, Mani Kant Mani, and Justin Mario, has secured ₹30 crore in seed funding led by Stellaris Venture Partners, with participation from angel investors like Ramakant Sharma (Livspace) and Ghazal Alagh (Mamaearth).

Launched in February 2025, Outzidr targets Gen Z women aged 17–27 with affordable occasion-specific apparel such as partywear and travel outfits. The brand introduces over 2,000 new designs monthly and uses a “test-and-react” model to scale popular styles based on early sales data. With an agile inventory cycle of less than three weeks, it plans to shift 90% of manufacturing to India within two years for sustainability.

The funds will bolster supply chain efficiency, technology development, team expansion, and brand-building. Outzidr aims to achieve ₹100 crore annualized revenue within 6–8 months through its D2C platform and marketplaces like Myntra, Nykaa Fashion, and AJIO.

Led by industry veterans with expertise in fashion and logistics, Outzidr is poised to capitalize on India’s growing D2C market fueled by Gen Z’s demand for trendy and affordable fashion.

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