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.