Chinese accelerator and venture fund ZDream Ventures has appointed Rishabh Lawania as its Chief Operating Officer (COO) and Head of Investments in India. The Gurugram-based company had raised about $10 million India focused corpus from Limited Partners (LPs) in China and other Southeast Asian countries.

With a ticket size ranging from $100K to 500K ZDream plans to invest in about 10 start-ups over the next 8-10 months. ZDream Ventures is a Y Combinator, like fund plus accelerator, founded in 2015 by Li Jian from China.

Besides investing into start-ups, the company is also looking to incubate a few start-ups in content space across genres such as sports, parenting among others.

Speaking on appointment, Lawania said, “ZDream has seen the growth of the tech ecosystem in China very closely and understands the right synergies and fit in the Indian start-up ecosystem. My experience while running Xeler8 gave me the right exposure of sourcing deals for VCs across US, India and Singapore. We’re going to operate as a very founder friendly investor/incubator who will give the Indian entrepreneurs the right exposure/support from the Chinese market.”

In past, ZDream had invested in micro-delivery platform - Milkbasket, start-up focused news portal Iamwire and news aggregation app Hotify including a few others. Last year, ZDream had acquired New Delhi-based start-up database platform Xeler8. Lawania was one of the co-founders of Xeler8.

Image Source: ShutterStock

Post a Comment

Previous Post Next Post
Like this content? Sign up for our daily newsletter to get latest updates.