Dedicated to Investing in Early Stage Technology Companies in Emerging Economies Focusing on China, India and SEA
Discover, Empower, and Connect! Be Ace!
The BAce team - with our deep past background at Alibaba and Ant
Group - has rich investment, portfolio empowerment and
mobile internet experience.
We believe mobile internet will transform people’s lives and
community. We support young dreams, and pursue dreams together.
From seed to series B, we help young startup companies with our
shared passion and experience.
BAce helps technology companies to grow through our knowledge and
resources across China, India and SEA.
Benny Chen Managing Partner
Former MD of Ant Group India and Director of Strategic Alliance India & SEA. Benny succeeded in investing &
growing in India’s largest internet company Paytm and lifestyle mobile platform Zomato with his 15 years
investment and business experience in China, India and SEA.
He founded BAce Capital in 2018 with a vision to empower young
dreams. Natively from Hangzhou where China internet started, lived
and worked in India, SEA and US for many years gives him a unique
global view of building great businesses.
Kshitij Karundia (KK) Managing Partner
Former Senior Director of India & SEA strategic investment at
Alibaba Group. KK established Alibaba Group’s footprint in the
region, including Paytm, Paytm Mall, BigBasket, XpressBees, Lazada
and Tokopedia. Prior to that he was in TMT investment banking
roles at Goldman Sachs, Rothschild and Citi.
Born in India, he moved to China 15 years ago, and can leverage
his resources across China, India and SEA helping to serve young
dreams fly higher.
Yuan Fang SEA Investment
Lived and worked across China, Singapore and UK, Yuan has built a great combination of China’s mobile
economy knowledge and SEA’s local expertise.
Prior to joining BAce, Yuan was part of Alibaba Global Leadership Academy (AGLA) program and rotated among
different roles in the ecosystem such as investment analyst at Ant’s strategic investment team, BD expert
for Tmall Global SEA and category leader for Tmall Overseas Fulfillment (TOF), therefore developed a strong
expertise and passion for e-commerce, logistics and Fintech.
Yuan also worked for JP Morgan & Goldman Sachs in both Singapore and London.
Rijul Jain India Investment
Rijul has been part of the Indian investment ecosystem since 2015,
and been involved in 25+ early stage investments across Consumer,
FinTech, Healthcare, DeepTech & B2B verticals, actively working
with founders across operational & strategic priorities.
Prior to joining BAce, he was part of the investments team at
Astarc Ventures and Mitsui Global Investment. He has a strong
background in technology having worked in dev and product roles at
WalmartLabs and Oracle across India and US.