BENGALURU: While Indians continue to remain skeptical about investment in startups and trying a luck in the industry, Chinese are absorbing the present market.

Baidu, Alibaba Group and Tencent Holdings used to invest in Indian startups and have now narrowed the focus too Indian startup market.

The three companies are together referred to as BAT.

In an interview with Economic Times (ET), Vikram Vaidyanathan, managing director at Matrix Partners India said "India is the last big frontier for the global mobile Internet. BAT as global heavyweights will definitely play a role in shaping this ecosystem. Given their investment track record and deep sector expertise, I think many Indian startups would welcome their participation."

In this changing scene, however the sizes of investments have gone down. The $604 million worth deal of July has now steeped to $255 million in September.

Vijay Shekhar Sharma, founder and chief executive of Paytm told ET, “(Alibaba Group) has invested close to $1 billion (in Indian startups), which is the largest from China,” Sharma considers Alibaba sharpest among the three.

Tencent, invested worth $90-million in a healthcare startup called Practo. The company now owns mobile app, WeChat.

BAT has extended their focus to travel, education and real estate startups as well.

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