After COVID-19 Chinese capital would require Govt approval

News Correspondent, abptakmaa, Kolkata, 19th Apr 2020 : “The new FDI guidelines essentially imply Chinese capital would require prior Govt Approval. In effect given the uncertainty around approval, startups will shy away from Chinese capital. In immediate future, this could impact ‘PhonePe’ and potentially ‘PayTM’ at a later date. ‘BharatPe’ thankfully has quality India, Singapore and US VCs. We don’t have a single Chinese investor as said by Mr. Ashneer Grover, CEO & Co-Founder, BharatPe. Publicity : Perfect Relations.