Chinese accelerator and venture fund ZDream Ventures has lately acquired Delhi-Austin based Xeler8 Inc., an intelligence platform providing startups database for Venture capital and Private equity firms. The terms of the deal remain undisclosed.
The team, of the strength of a dozen will be absorbed into ZDream Ventures which is dual based in Beijing and Gurgaon and dedicated to bridge China and India internet industry as Accelerator, Venture and Media..
Founded in 2015, by Keshu Dubey and Rishabh Lawania, Xeler8 offers a database of Indian startups, covering 47 industries, with singularly curated information on their business models, funding, founder details and more. It deploys machine learning techniques to scout the information which is later validated by their team of analysts. It also has an investor database that covers all investors flushing funds into the Indian startup ecosystem.
The start-up tracker, apart from helping investors accessorize their deal procedure, also acts as a lead generation platform for corporates and a market research tool. It also entertains media requests and claims to have over 600 media mentions in 2016.
As Keshu Dubey puts it “This presents a unique opportunity to build on our success and we are highly excited to take things forward. We are in the right place at the right time and our focus will be on building a more efficient solution that serves the Indian startup ecosystem.”
ZDream Ventures is a Y Combinator like fund plus accelerator based in Gurgaon, founded in 2015 by two industry veterans from China whose focal point has been Indian market for the past 10 years. Its investments are focused on technology, media and telecommunications group of industry. For them, this is their third venture in India, after infusing money into Milkbasket, a subscription based e-grocery startup and iamwire, a digital media platform.
Jason Wang, Founder and CEO of ZDream Ventures maintains “We have plans on launching a tech media platform that will be backed by the Xeler8 database and the data will be open to all, in order to fuel up Indian start-up ecosystem.” With a wide range of investors and entrepreneurs network in China, ZDream Ventures serves as the bridge between the tech industry of China and India, and is devoted to invest and accelerate Indian start-ups with what they called “Chinese Jugaad”