BAce Capital

BAce Capital, backed by Ant Group, is an early stage venture capital fund investing in Southeast Asia and India. The firm also helps technology companies to grow through their knowledge and resources across China, India, and SEA. They are committed to support young dreams and pursue dreams with the startup together. BAce Capital was founded in 2019

Benny Chen

Managing Partner

Kshitij Karundia

Founder and Managing Partner

Kevin Zhang

Managing Director and Chief Analyst

12 past transactions

Fit Hub Indonesia

Seed Round in 2023
Fit Hub Indonesia is a health & wellness startup in Indonesia.

CloudEats

Series A in 2021
CloudEats operates cloud kitchens and in-house restaurant brands. Its cloud kitchens are in non-retail and cost-efficient spaces, with operations and layouts specifically designed for food delivery. As of March 2020, the company has five cloud kitchens in the Philippines that house 70 in-house restaurant brands. All food brands are available on all food delivery platforms including Grab Food, Foodpanda and Lalafood.

ConveGenius

Seed Round in 2021
ConveGenius is a social enterprise that has been leading the way in the development and deployment of technology platforms that leverage conversational AI and big data analytics to drive meaningful change in emerging markets. ConveGenius provides personalized and adaptive learning solutions through its PAL platform that adapts content to individual student needs. The platform is equipped with real-time impact dashboards to provide data and insights to stakeholders to enhance decision-making and continuously improve implementation.

SuperGaming

Series A in 2021
SuperGaming is an gaming development firm that develops casual computer games.

Wallex

Series A in 2020
Wallex is a B2B FX and cross-border payment platform in Asia catering to SMEs and Fintechs in the region. Using the robust online platform, customers can convert and pay in 46 currencies, collect payments via virtual accounts, and hold funds in a wallet through the Wallex Global Business Account. Customers benefit from access to fast, seamless transactions with competitive exchange rates and fees, so they can take their money further.

Lido Learning

Series B in 2020
Lido Learning is an ed-tech company that revolutionizes education through an immersive online platform for every child in India. With their exciting and fun live online classes for students, it builds cutting edge content like animated videos and interactive games, a personalized platform for homework, tests, challenges, and inspiring teachers. It provides interactive content to keep the students engaged and a personalized platform to improve results. Lido was founded in 2019 and is headquartered in Mumbai, Maharashtra, India.

Printerous

Series A in 2020
Printerous is an online platform producing the finest quality of printed goods. It provides various printing products and type, from personal printing, art printing, to business printing, and everything is online-based. People no longer need to waste their time going on printing shop and queue for hours, as Printerous now helps make everything easy, fast, and hassle-free.

Qyuki

Venture Round in 2020
Qyuki is the next big thing that's going to hit new media very soon. If you've got latent creative talent that's waiting for the right opportunity to come along, then this is your time. Wait no more, prepare to give your best to the company that is founded by some of the biggest names in the entertainment business the world over; Shekhar Kapur and A. R. Rahman.

Adonmo

Seed Round in 2020
Adonmo specialises in OOH digital advertising, enabling targeted ads at relevant localities using Hyperlocal Intelligence & patented tech

RoomMe

Series A in 2019
RoomMe is the largest virtual kost operator that has undergone 2000+ rooms in 100+ buildings throughout Greater Jakarta. RoomMe has been running for more than 2 years. What RoomMe runs is unit / boarding, operational and sales acquisition. RoomMe is the first operator that runs new Living ecosystem where user can call our unit as their home. 55% millenials prefer to live at kost and we embraces the market changes in Indonesia.

Rapido

Series B in 2019
Rapido is a platform where people can book a bike ride through a mobile app while traveling solo. The company's mission is to bring people traveling in a similar direction together, thereby reducing the number of vehicles on the road. This not only helps reduce traffic but also carbon footprints and air pollution. It further augments the concept of not owning everything by creating viable and accessible options to share. Rapido was founded in 2015 and is headquartered in Bengaluru, India.

Healofy

Series A in 2019
Healofy is an Indian parenting social network that provides pregnancy and childcare products. The company was founded in 2016 by Gaurav Aggarwal and Shubham Maheshwari and is headquartered in Bangalore, Karnataka, India.
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