Dedicated to Investing in Early Stage Companies in Emerging Economies
Focusing on India and Southeast Asia
Discover, Empower, and Connect! Be Ace!
The BAce team - with our deep past background at Alibaba and Ant
Financial - 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 Financial 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 India, SEA and China.
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.
Mulyono Managing Director
MD at BAce Capital, responsible for SEA region.
Former CIO of Lazada, Head of Strategic Partnership SEA at Alibaba
Group and Country Manager of Taobao Malaysia and AliExpress
Indonesia. Mulyono deeply involved in strategic investment cases
such as Lazada, Tokopedia, Bukalapak, Paytm Mall and Daraz.
Indonesian born, Zhejiang University graduate and a career
intimate within China's professional environment such as Huawei
and Alibaba Group make Mulyono is one of the most knowledgeable
and connected internet expert and investor between China and SEA.
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.
Sherry Zhang COS, India Investment
Former operation expert & BD expert at Alibaba Pictures Group.
With 5+ years experience diving in mobile internet market in
India, she has solid understanding of the diversity and uniqueness
of the market.
She is also one of the earliest founding members of BAce Capital.
Leveraging the previous resources & knowledge from the market, she
works closely with the startup ecosystem in India.
May Huang CFO
Former CFO of Alibaba Picture’s ecosystem fund in China and Senior
Finance Director of Alibaba Pictures. She also worked as a senior
Manager at .
Combined PwC & Internet giant Alibaba backgrounds and experiences,
she has solid understanding of financial operation and analysis.
At Alibaba Pictures, May also led a few India investments from
financial & legal perspective.
Michelle Yao Post-Investment
Former Senior Associate at PwC audit and assurance team in TMT
industry. With 2 years finance experience with Indian and
multinational companies, she has gained a round finance knowledge
Now she also is working in the post-investment team at BAce.
Evita Zhang HR, Executive Assistant
Former Executive Assistant of a German industrial consulting
company and a Lobby Manager at a Chinese commercial bank. Studied
in Britain and holds master degrees from both UCL and Cardiff