India's venture funding in the technology sector is slowing down. But Indian startup firms are now turning to Chinese investors. India is home to more than 12,000 startup firms, and Chinese investors are helping them to turn their dream projects into reality.

Chinese investors are currently flocking India's tech community in search for that next Chinese Unicorn (a firm that has the potential to grow and become a $1 billion company). The hunt started in January 2015 when Hillhouse Capital invested $50 million in automobile search engine CarDekho. Soon after, reports surfaced that Chinese tech giant Alibaba is planning to invent $500 million into Paytm. In August 2015, Indian E-commerce giant Snapdeal claimed that it was able to raise $500 million in funding from investors including major Chinese tech companies like Foxconn and Alibaba.

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Venture capitalist tracker Venture Intelligence reported that from January 2015 until April this year, notable investors including Alibaba and Tencent have committed more than $1.1 billion to various Indian startups. This massive amount of Chinese investments was made possible despite old issues regarding border disputes between China and India which had stymied several business opportunities in the past.

In a statement acquired by South China Morning Post, Incapital senior manager Eric Shu said, "We feel India's internet sector will be the next big market after China; it is a hot area for Chinese investors."

Tagsventure capitalist, china, chinese venture capitalist, venture capitalist india, China Tech, China tech news, India tech startup