Baidu To invest In Indian eCommerce companies

After softbank and Alibaba, Baidu China’s largest search engine plans to invest in India and are in discussion with Zomato, BookMyShow, and BigBasket.

In an interview with the Times of India, Tim Yang, the general manager of Baidu India, said that the company has already had discussions with each company. A representative for Baidu confirmed that talks have taken place, but said the company can’t give specific details about investment plans yet.

There has been rush of investments to India from last couple of years across different segments. Indian internet consumer base is set to over take US shortly and the prospects of growth is very high. Jan 2016 itself companies from India raised more than 1B USD funds from various investors.

Prime minister Narendra Modi is all set to announce startup India startup India policy on 16th January and can be a major boost to Indian startup ecosystem.

Baidu To invest In Indian eCommerce companies
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