IvyCamp, Zhucloud partner to promote investment from Chinese investors into Indian Startup Ecosystem
The partnership will particularly bring visibility for Indian startups on IvyCamp‘s platform to a large base of Chinese investors via Zhucloud.
Over 30 Chinese early stage VC funds such as Cyber Carrier, Fenghou Capital, Legend Capital, Plum Ventures, Grand View Capital, K2VC, Hill House Capital, Fusion Capital, Heli Capital and Chengwei Capital, are a part of this initiative.
These are early stage funds that invest from USD 200K up to USD 2 Million in early stage startups and are expected to scout for and invest in Indian startups in Healthcare, Fintech. E-commerce and IOT.
Over the next few months the partnership will facilitate pitches by startups to this pool of investors by organising pitch events in the cities of Mumbai and Bangalore in November 2016. The event is designed to provide a platform to Chinese investors to interact directly with Indian startups.
Eric Shu, Director of Incapital said : "We are very excited to partner with IvyCamp that has a strong global Alumni connect which mirrors our philosophy. We have seen interest from the Chinese investment community to invest in Indian Startups and through this partnership we aim to facilitate these investments."
IvyCamp & Zhucloud will also cross leverage knowledge, by getting Chinese mentors who are highly accomplished in their fields of work and leading Chinese Incubators and Accelerators onto the IvyCamp platform to enable huge value add to the Indian startup ecosystem.
Anju Gupta, President & Cofounder of IvyCamp said: "This partnership is another step forward in promoting our Indian startups globally and helping them get the resources and knowledge they need to be successful. Our philosophy to leverage the Alumni networks to help entrepreneurs be successful resonates with ecosystems across countries and this partnership is an example of how powerful this connect can be.”
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