Chinese fund ZDream acquires Xeler8

Chennai: Chinese accelerator and venture fund ZDream Ventures has acquired 100% stake in Gurugram-based Xeler8, an intelligence platform providing startups database to venture capital and private equity firms. The terms of the deal remain undisclosed. For the Chinese VC, this is the third in India, after grocery startup Milkbasket and digital media plat form iamwire.

Founded in 2015 by Rishabh Lawania and Keshu Dubey , Xeler8 offers a database of Indian startups, covering 47 industries, with curated information on their business models, funding, founder details.

The start-up tracker, apart from helping investors accessorize their deal procedure, also acts as a lead generation platform for corporates and a market research tool. With this acquisition, the 12 member team at Xeler8 will move to ZDream Ventures.

“This is an exciting time for us. We look forward to working with ZDream Ventures and offering unique and insightful data to the stakeholders of the Indian startup ecosystem,” said Lawania, Co-Founder, Xeler8.

ZDream Ventures is a Y Combinator like fund plus accelerator based in Gurugram, founded in 2015 by Jason Wang and Li Jian from China.

Source: The Times of India