BAce Capital

BAce Capital is a venture capital firm based in Hangzhou, China, founded in 2018. It specializes in early-stage investments in technology companies within emerging markets, particularly in Southeast Asia and India. The firm is backed by Ant Group and leverages its extensive knowledge and resources to foster growth in its portfolio companies. BAce Capital is dedicated to supporting innovative startups and helping them realize their potential in the competitive landscape of technology and entrepreneurship.

Benny Chen

Managing Partner

Kshitij Karundia

Managing Partner

Kevin Zhang

Managing Director and Chief Analyst

15 past transactions

Convegenius

Series A in 2024
ConveGenius is a social enterprise focused on enhancing educational outcomes in emerging markets through innovative technology solutions. The company has developed a mobile-based platform that utilizes conversational AI and big data analytics to create personalized and adaptive learning experiences for students. This platform, known as PAL, tailors educational content to meet individual student needs and incorporates gamification elements to engage learners effectively. Additionally, ConveGenius provides real-time impact dashboards that offer valuable insights and data to stakeholders, facilitating informed decision-making and ongoing improvements in educational implementation. Through its commitment to affordable and accessible education, ConveGenius aims to foster sustainable educational impact for diverse learning communities.

Vuihoc.vn

Series A in 2023
Vuihoc.vn is an online educational platform designed to support students in developing self-study skills from an early age. The company utilizes advanced technology and innovative educational methods, including mastery learning, individualization, and blended solutions, to enhance the learning experience. By focusing on these approaches, Vuihoc.vn aims to provide students with a strong foundation of knowledge and critical thinking skills, enabling them to grasp complex concepts and excel in their examinations. The platform emphasizes the importance of cultivating effective learning habits, ensuring that students are well-prepared for their academic challenges.

Fit Hub Indonesia

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

Vuihoc.vn

Seed Round in 2022
Vuihoc.vn is an online educational platform designed to support students in developing self-study skills from an early age. The company utilizes advanced technology and innovative educational methods, including mastery learning, individualization, and blended solutions, to enhance the learning experience. By focusing on these approaches, Vuihoc.vn aims to provide students with a strong foundation of knowledge and critical thinking skills, enabling them to grasp complex concepts and excel in their examinations. The platform emphasizes the importance of cultivating effective learning habits, ensuring that students are well-prepared for their academic challenges.

CloudEats

Series A in 2021
CloudEats is a company that operates cloud kitchens and develops in-house restaurant brands, primarily in the Philippines. Its cloud kitchens, strategically located in non-retail spaces, are designed to optimize food delivery operations. As of March 2020, CloudEats manages five cloud kitchens that host a diverse portfolio of 70 in-house restaurant brands. These brands are accessible through various food delivery platforms, including Grab Food, Foodpanda, and Lalafood. The company focuses on providing a wide range of food services, including baked goods and prepared meals, enabling customers to conveniently enjoy food products from the comfort of their homes.

Convegenius

Seed Round in 2021
ConveGenius is a social enterprise focused on enhancing educational outcomes in emerging markets through innovative technology solutions. The company has developed a mobile-based platform that utilizes conversational AI and big data analytics to create personalized and adaptive learning experiences for students. This platform, known as PAL, tailors educational content to meet individual student needs and incorporates gamification elements to engage learners effectively. Additionally, ConveGenius provides real-time impact dashboards that offer valuable insights and data to stakeholders, facilitating informed decision-making and ongoing improvements in educational implementation. Through its commitment to affordable and accessible education, ConveGenius aims to foster sustainable educational impact for diverse learning communities.

SuperGaming

Series A in 2021
SuperGaming is a gaming development firm that focuses on creating casual computer games. The company operates a gaming studio dedicated to providing immersive entertainment through its offerings. It is engaged in developing its own gaming engine, designed to support hyper-scale and real-time multiplayer experiences. SuperGaming's games are characterized by engaging narratives and high-quality graphics, allowing players to both enjoy the gameplay and socialize with others, thereby delivering a comprehensive gaming experience.

Wallex

Series A in 2020
Wallex Technologies Pte, Ltd. is a Singapore-based company founded in 2015 that specializes in online cash management solutions. It provides a comprehensive platform for businesses, particularly small and medium-sized enterprises and fintech firms in Asia, enabling them to manage foreign exchange and cross-border payments efficiently. Key offerings include virtual accounts for collections and disbursements, a multi-currency wallet, foreign exchange conversions, and an API that allows real-time forex execution. With the ability to transact in 46 currencies, Wallex ensures fast and seamless transactions at competitive exchange rates and fees, helping customers optimize their financial operations. The company also has additional offices in China, Indonesia, and Hong Kong to support its regional presence.

LIDO Learning

Series B in 2020
Lido Learning is an ed-tech company based in Mumbai, Maharashtra, India, founded in 2019. It aims to transform education for children in India by providing an immersive online learning platform tailored for junior classes. The company offers engaging live classes that are interactive and aligned with the ICSE and CBSE syllabi. Lido Learning also develops innovative content, including animated videos and interactive games, to enhance student engagement. Its personalized platform allows for additional practice, self-paced lessons, and assessments, ultimately helping students improve their academic performance. Through its focus on interactive and enjoyable learning experiences, Lido Learning aspires to make education more accessible and effective for young learners across the country.

Printerous

Series A in 2020
Printerous is an online printing service based in Jakarta Barat, Indonesia, established in 2012. The company specializes in a wide range of printed goods tailored for both personal and business needs. Its offerings include business cards, brochures, flyers, banners, calendars, T-shirts, and various promotional items, making it a versatile option for corporate clients, the food and beverage industry, and event organizers. Printerous aims to streamline the printing process by allowing customers to place orders online, eliminating the need for physical visits to printing shops and reducing wait times. By providing high-quality printed products through a convenient digital platform, Printerous enhances the efficiency of traditional printing services.

Qyuki

Venture Round in 2020
Qyuki is an online broadcasting network that empowers creators in film and music to create and monetize their content. Founded by prominent figures in the entertainment industry, including Shekhar Kapur and A. R. Rahman, the company utilizes proprietary technology and analytics to identify and promote emerging digital talent. Qyuki manages the entire value chain for its creators, facilitating content creation and distribution across multiple platforms and devices. By providing these resources, Qyuki aims to support and elevate the next generation of creative talent in the digital landscape.

AdOnMo

Seed Round in 2020
AdOnMo is a company that specializes in digital out-of-home (OOH) advertising, focusing on democratizing the advertising industry. By utilizing Hyperlocal Intelligence and patented technology, AdOnMo enables businesses to deliver targeted advertisements in relevant localities. The company offers contextually targeted advertising solutions with customizable packages and real-time analytics, making it accessible for small and medium-sized enterprises to engage in effective advertising. Through its innovative approach, AdOnMo aims to provide affordable and impactful advertising options, helping businesses reach their desired audience more efficiently.

RoomMe

Series A in 2019
RoomMe is a leading virtual kost operator in Greater Jakarta, managing over 2,000 rooms across more than 100 buildings. Established for over two years, the company specializes in unit boarding, operational management, and sales acquisition. RoomMe is pioneering a new living ecosystem, allowing users to refer to their rented spaces as home. Recognizing the trend that 55% of millennials prefer kost living, RoomMe has adapted to meet the evolving housing needs in Indonesia. The company also offers a platform that provides information on rental prices, facilitating the management and marketing of properties for homeowners while promoting co-living lifestyles and flexible stay durations for tenants.

Rapido

Series B in 2019
Rapido is a Bengaluru-based company established in 2015 that operates a bike taxi booking platform focused on providing affordable intra-city travel and last-mile connectivity. Through its mobile application, users can book two-wheeler rides, promoting a more efficient commuting experience. The platform aims to connect individuals traveling in similar directions, thereby reducing the number of vehicles on the road and contributing to decreased traffic congestion, carbon emissions, and air pollution. By offering a viable alternative to vehicle ownership, Rapido enhances accessibility and encourages the sharing economy, making urban commuting not only more fun but also more sustainable.

Healofy

Series A in 2019
Healofy is an Indian parenting social network based in Bangalore, Karnataka, founded in 2016 by Gaurav Aggarwal and Shubham Maheshwari. The platform is designed for pregnant women and new mothers to connect and share experiences related to maternity and childcare. It features a live newsfeed, enables free chat with pediatricians and gynecologists, and offers Q&A boards. Additionally, Healofy provides engaging activities for newborns and a database of baby names. This comprehensive platform allows women to access vital community support, advice, and medical resources, even in situations where internet access is limited.
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