New Delhi, July 14 -- Udaan, Pocket FM and Vedantu have joined the league of startups looking to offer exits to their Chinese backers as the industry's appeal to ease restrictions on such investments has failed to secure a policy shift, according to four people familiar with the matter.
Udaan and Pocket FM count Tencent among their investors, while Vedantu's Chinese backers include Legend Capital and the TAL Education Group.
There has been a recent spike in discussions around Chinese investors looking to pull out, several Indian investorsMintspoke with confirmed separately.
"We can expect more block deals within listed startup entities as well, as Chinese investors don't want to stay invested given the current geopolitical scenario," s...
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