Friday, November 22

Tag: Ganesh Ventures

Jack Ma Partners With Ganesh Ventures To Boost Investments
CHINA

Jack Ma Partners With Ganesh Ventures To Boost Investments

Jack Ma, the founder of Alibaba Group has entered into an association with a $250 million Chinese venture capital fund known as Ganesh Ventures. The idea behind this partnership is to create a strong and sturdy network among the Indian entrepreneurs and Chinese investors and entrepreneurs. Ganesh Ventures will stand as Jack Ma’s strategic partner in India. The India-focused fund has currently made its first close of $30 million. The funding was led by Jack Ma’s eWTP Ecosystem Fund and Hong Kong-based Landmark Capital. Ganesh Ventures will further build offices in Gurugram, Bengaluru, Hong Kong and Beijing. The company also intends to finalize half a dozen deals this year. Ganesh Ventures will also be eWTP’s strategic investment partner in India. The company, named after the elephant-...