India banned the 59 Chinese apps, including TikTok, on June 29, stating that they posed a threat to the country’s sovereignty and security | Photo Credit: Gabby Jones
The Indian government banned the use of 59 mobile applications including TikTok, UC Browser and SHAREit last week and is imposing restrictions on foreign direct investment from neighbouring countries. But these restraints are unlikely to hurt start-up funding in the country since Chinese investors have funded only 4 per cent of the 4,707 Indian start-ups that have raised funds starting January 2015
Published on July 8, 2020
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