Jack Ma-backed VC firm to invest $250 mn in Indian startups
Alibaba's Jack Ma-backed Chinese venture capital (VC) firm Ganesh Ventures plans to invest $250 million in Indian startups over the next 3-5 years. It has already closed a $30-million funding round backed by Jack Ma's eWTP Ecosystem Fund and Hong Kong-based Landmark Capital. The focus will be on startups across sectors like TMT, consumer products, fintech, and health-tech.