ZDream Ventures, an investment arm of Draphant, has launched its startup incubator ZDream Labs in Gurugram.
Founded in 2015 by two industry veterans from China, it is the first Indo-China incubation lab, developed with a vision to discover, invest, hand-hold and nurture startup. The incubation platform will invest in technology, media, and telecommunications.
“The mission of launching ZDream Labs is to find out the next unicorn startup from India. We aim to grab the opportunity in the Indian Internet market by utilizing Chinese resources and techniques,” said Li Jian, Founder and CEO of ZDream. He is also the Founder of Draphant, a Chinese consultancy firm based out of Gurgaon, which is the parent company of ZDream.
Jian also believes that both India and China share many synergies when it comes to startups in TMT (Technology, Media and Telecom) space. Unlike the US and the West, the growth of Internet is driven by mobile. The scale of mobile economy in China is far mature than India and learnings from there could be pivotal for Indian startups in mobility space.
The newly concocted lab is said to play the role of a launchpad for both the ecosystems to create sparks via mentoring and funding.
For mentoring, ZDream Labs has a dedicated Chinese research team working on all our incubated or invested projects. For funding, apart from ZDream’s direct investment, it also connects Indian start-ups with Chinese investors through its regular “Chindia TMT Dialogue” Conference and “ZDream Demo Day” where startups present their business plans to a curated audience of Chinese as well as Indian investors.
ZDream and its parent company Draphant, has made some investments in early-stage start-ups through its own funds and its Chinese partners. The portfolio companies include Milkbasket, an on-demand micro-delivery platform, iamwire; a media platform and digital media platform hotify. Last year, it acquired New Delhi-based start-up database Xeler8 for an undisclosed sum.