China based firm APUS Group is looking to invest an amount of over $15 million in Internet and mobile technology startups in India, with an aim to support the growth of the Indian startup ecosystem.
APUS Group is an Android application development company founded in 2014 by former Qihoo Vice President, Li Tao. The company makes applications such as Apus Launcher, Apus Boost, Apus Search etc. which make up its User System. The company claims to have 200 million monthly active users across all of its apps. Till date it has raised a total investment of $116 million in 2 rounds from 5 investors which include Chengwei Capital, QiMing Venture Partners, SIG Ventures, Redpoint Ventures and Northern Light Venture. It was also touted as the world’s fastest company to get into the billion dollar club by WSJ.
The company’s CEO and Founder, Li Tao, would be visiting India next week till 12th September with his team to meet Indian startups, and visit incubators and accelerators in the country. At the Global Mobile Internet Conference (GMIC), being held at Bangalore on 9th & 10th September 2015, APUS is looking to connect with startups to collaborate on the growth of the selected ones. A number of other renowned Chinese Internet firms would also be present at the event, Baidu, Cheetah Mobile and Qiku to name a few.
India is a growing hub for startups. And due to this many investors from abroad are repeatedly taking interest in Indian startups with innovative ideas. Chinese venture investors & angels have become sure of the opportunities ever since Alibaba became an active investor in Indian Internet companies.
APUS Group started its Indian startup investment spree with iamWire. “With the growth of Chinese Startup ecosystem over the last decade, a company with a similar business model like iamWire has now a valuation of over $200 million in China, that’s the reason why APUS invested in iamWire. We hope to together help Indian Internet market to become more prosperous,” said the company’s spokesperson.
This is just the beginning for this and other Chinese companies who are looking to invest and tap into the Indian startup community. Being one of the biggest Mobile Internet events in the world, GMIC is creating a bridge between the digital ecosystems in India and China. If you are a developer or have your own startup, GMIC is giving out complimentary Silver passes for the upcoming event. In order to avail one, fill up the form here.
Disclosure:- iamWire is a portfolio company of APUS Group and an official media partner with Global Mobile Internet Conference Bangalore 2015.Category Business