China’s TH Capital spots big promise in Indian tech-driven models

Ruyi Guo, managing partner, TH Capital

Chinese investment bank TH Capital is looking to foray into India to tap on sectors such as consumer, logistics, fintech and enterprise services, among others.

Established in 2012, the tech-driven investment behemoth claims to have facilitated fundraising for more than 110 startups, including over 30 unicorns, helping them garner as much as $17 billion from the primary market.

“We have a long-term perspective on the India market,” said Ruyi Guo, managing partner at China TH Capital in an interview. The firm is betting big on India and considers it and other Southeast Asian countries as its parallel strategic market alongside China.

In 2019, TH Capital assisted Indian social networking and regional content platform ShareChat as its financial advisor and helped it raise a significant part of its $100-million Series D round from Chinese investors TrustBridge Partners, Shunwei Capital and Morningside Venture Capital. While the round was led by Twitter, other investors who pumped in the capital were Lightspeed Venture Partners, SAIF Capital, and India Quotient.

Opportunities in India can currently be categorised in diverse segments in the area of technology. The country has the potential to create “most dynamic market for the new economy companies and demands for consumer goods and services, contents, education and healthcare will emerge,” said Guo.

Currently, less than half of the 1.2 billion population have access to the internet that goes on to show “great potential for Internet penetration to grow.”

The India strategy for TH Capital will be on the same lines as its home market. “We understand the investment thesis of global VCs/PEs in the emerging market….” Said Guo, adding the firm’s target are tech-driven models.

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In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.